“FX” or “Forex” is simply an abbreviation of “foreign exchange”. On the Forex market, all foreign exchange transactions involve two currencies. When a trader, bank, government, corporation, hedge fund or tourist exchanges one currency for another, a Forex trade takes place. In every instance, one currency is being bought and, simultaneously, another currency is being sold.
Currencies must be compared to something else to establish value. Therefore, Forex trading involves two currencies. In Forex, currencies are traded in “pairs” and, thus, one currency is always compared to another currency. Because of its size, deep liquidity and intra-day volatility, the Forex Market offers unique opportunities. The Forex Market is a complicated and difficult market which is why technology has an increasing impact in today’s FX market. People often claim that it is easy to jump in and ride the trends due to the market’s size, but in reality it is not quite that simple and requires a sophisticated strategy.
+971 50 483 2525
info@fox-i.com
Meydan Grandstand 6th Floor
Meydan Road
Nad Al Sheba
Dubai UAE
License No. 231330801
