Forex trading is Foreign Currency and Exchange business, which when someone is well-versed in it, is a great way to make money. It is mainly a global marketplace where a national currency is exchanged for another currency. Trading online with Forex trading has a lower cost relative to other ways to trade online. So far in 2021, the volume of the average that is traded on Forex is $6.6 trillion/day. The currencies involve major pairs, minor pair, exotic pairs and regional pairs for forms of currencies to use as a base and/or quote currency. Investing in different currency has been considered a more liquid form of investment when compared to other online investments, like the stock market.
- Forex trading is the exchanging of national currency pairs, such as EUR/USD, USD/JPY and AUD/NZD.
- Forex is generally low cost, often with no commission, just a bid or ask spread.
- In 2021, 6.6 trillion dollars was traded in the forex market daily.
“Here we are with all your answers telling you a new horizon in 2021 to invest online or trade online to gain a lot of money.”