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Forex is the act of buying or selling a country's currency in exchange for another currency. The Forex market is the largest and most liquid market, with an estimated daily trading volume of over $5 trillion.
Forex trading is a transaction in which a company, bank, or individual buys or sells a currency at a price and settles the transaction for a profit or loss. The sheer volume of daily trading around the world makes it a very volatile and risky business, but the opportunity for high profits is what attracts many traders. Some commodities, such as energy and precious metals, are also traded as CFDs.
Although the FX market is an international market, there is no central market for trading FX. Rather than trading over-the-counter (OTC) or through one centralized exchange, much is done electronically online among traders around the world. With an estimated volume of about $5 trillion traded daily, the FX market is the most liquid market in the world. The market is also open 24 hours a day, Monday through Friday, with trading taking place in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney.
All Forex trading involves currencies between two countries.
Taking the most frequently traded currency pair EUR/USD as an example,
the EUR is considered the base currency and the USD is the quoted currency.
The price displayed on the platform indicates how much one EUR is worth in USD.
And since one is the buy price and the other is the sell price, there are always two prices.
The difference is called the spread. When you click on Buy or Sell,
you are buying or selling the base currency of the pair.
Teacher's FX is committed to providing you with the best trading conditions so that you can trade in a better environment.
■ Learn everything you need to know about Forex, from the basics to trading strategies, from your instructor
■ Stay up-to-date on the latest economic news
■ Gain Forex expertise, including key Forex strategies and terminology
Forex trading takes place 24 hours a day, 7 days a week, everywhere, and MT5 is compatible with smartphone apps so you can trade on the go.
Leverage allows you to earn higher profits with less money.
Forex trading allows you to trade a wide variety of currency pairs. It is important to keep abreast of global events and the economies of major countries.
There are no commissions or brokerage fees.