Forex trading is trading on the foreign exchange market and you can do it anytime of day. It doesn’t require a lot of experience but it is helpful if you are wanting to turn a profit. the market is open all hours of the day so you are able to trade at any time. If you want to make a profit then you will want to read the market well and make smart decisions, it’s not a get easy quick scheme, but there are scams associated with it.
- The goal of forex trading is to convert one currency to another, and it is also known as foreign exchange trading in the market.
- Forex trading allows traders to bet on one major currency against another major currency.
- The three primary markets for forex trading are the spot market, the forwards market, and the futures market.
“Forex trading has grown significantly over the past decade. The forex market is where different currencies are traded. Unlike stocks or commodities, foreign exchange trading is conducted directly between two parties electronically over-the-counter.”