Forex trading, also known as FX trading, involves the buying and selling of currencies of various nations. In the forex trade, currencies are exchanged continuously in the forex market that spans the globe. People are presented with profit-making opportunities in forex trading when the value of one currency fluctuates against that of another.
People conduct Forex Trade to:
1. Make direct foreign investments
2. Earn profits from short-term fluctuations in the value of a currency pair
3. Manage their existing positions in the market
4. Fulfill their import and export requirements
As the forex market does not have any centralized exchange, trading is conducted either through the Electronic Broking System (EBS) or on the Internet. Online forex trading is most popular among individual investors. High leverage, liquidity and flexibility are the three factors that attract people toforex trading.
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