What is Forex Trading?
Forex, short for foreign exchange, refers to the global marketplace where currencies are bought and sold. This market operates 24 hours a day, five days a week, enabling traders to exchange one currency for another at a determined price. The goal of Forex trading is to profit from changes in exchange rates between currencies.
For example, if you believe the value of the Euro (EUR) will rise against the US Dollar (USD), you might buy Euros and sell US Dollars. If your prediction is correct, you can sell the Euros later at a higher price, earning a profit.
