What is Forex Trading?
- tradingpluxx
- Aug 9, 2022
- 1 min read
Forex, also known as foreign exchange or FX trading, is the conversion of one currency into another. It is one of the most actively traded markets in the world, with an average daily trading volume of $6.6 Trillion.
It refers to buying one currency and selling another at the same time. Therefore, foreign exchange quotes always appear in the form of currency pairs, which are composed of the quoted currency (selling currency) and the base currency (buying currency).
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