Forex trading,FX or Foreign exchange are the different terms that describes the trading with different currencies of the world. We all know that forex market is world largest in terms of liquid financial market. Every day the trading amounts to more then USD 3 trillion approx.
Forex market is not controlled by a central exchange like stock market trading but it is conducted on the interbank marker which is based on OTC i.e. over the counter market. Telephone and electronics networks are mainly used for trading all over the world.Its a 24/7 market and the main centers for trading are Newyork,
A currency trade takes place by simultaneous buying and selling of different currencies of the world. EURUSD, USDJPY, USDCHF and GBPUSD are the most common currency used for trading.It is also termed as “majors”
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