Some of these include major world banks, trading companies, trading speculators such as retail traders and world governments.

The Forex market is traded by a wide range of different market participants. When trading these pairs you are exchanging the Euro for the US dollar and the Great British Pound for the Japanese Yen. Unlike in the stock market where you are buying one stock such as Google or Apple, to exchange currencies you need to make trades in a pair.Īn example of this is the EUR/USD Forex pair or the GBP/JPY pair. The Forex or ‘Foreign Exchange’ market is the biggest market in the world with daily turnover of up to five trillion dollars. What is Forex Trading and How Does it Work? In this post we are going to look at exactly what the Forex market is and how as a beginner you can get started and learn how to trade. Some of the reasons that Forex is so popular for retail traders is because it is open 24/7, you can make profits from price both rising and falling and you can use leverage to increase your winning trades. The Forex market can be a very enticing market for speculative traders to start trading.įorex offers a wide range of benefits and comes with a lot of opportunities.

Forex trading courses for beginners