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Suppose you have ever travelled overseas and converted your money into another currency or shopped online in a currency other than your local one. In that case, you have participated in the forex markets.
Forex Definition: Foreign Exchange, aka Forex or FX, refers to exchanging one currency for another.
The impact of Forex affects many aspects of our daily lives, such as the price of fuel, food, imported goods, travel, and more. As consumers, all of this foreign exchange takes place without our intervention.
Forex market is a thrilling trading environment operating 24/5 and boasting daily trading volumes of trillions of dollars. It is by far the largest and most liquid of all financial markets.
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