What is Forex Trading | Foreign Exchange Trading | FX Trading
What is Forex Trading | Foreign Exchange Trading | FX Trading
In this video, we’re going to tell you about Forex Trading.
Forex trading is the process of speculating on currency prices to potentially make a profit. Currencies are traded in pairs, so by exchanging one currency for another, a trader is speculating on whether one currency will rise or fall in value against the other.
The value of a currency pair is influenced by trade flows, economic, political and geopolitical events which affect the supply and demand of forex. This creates daily volatility that may offer a forex trader new opportunities.
Online trading platforms provided by global brokers such as TD Ameritrade, eToro and FXTM allows you to buy and sell currencies from your phone, laptop, tablet or PC.
So this is all about what is Forex Trading.
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