Understanding ForexTrading Basics
Forex trading, also known as margin foreign exchange, is a contract between two parties to exchange the difference in value from the time a position is opened to when it is closed.
The main advantage of foreign exchange (Forex) is the market operates 24 hours a day, 5 days a week. This allows traders to react to global events in real time, buying and selling from Sunday evening to Friday night. As the world’s largest and most liquid financial market, Forex offers unmatched opportunities for fair competition, transparency, and genuine price discovery.