In this post, you will know about the important topic, What is Forex Trading? This is just an introductory post, and I will share my experience in this field, i.e., Technical Analysis, some indicators, RSI, Volume, Smart Money Concepts, and much more.
What is Forex Trading?
Forex trading, also known as foreign exchange or FX trading, is the buying and selling of currencies. FX is one of the most actively traded markets in the world, with individuals, companies, and banks carrying out around $6.6 trillion worth of forex transactions every single day.
Forex is derived from two words, For + Ex. For means Foreign, and Ex means Exchange, which is used to convert one currency into another.
This is a full-time online business, which is traded all over the world by individual retail traders, banks, hedge funds, and insurance companies.
This FX (Forex) market, which is known as the world’s largest financial market. Its daily turnover is approximately $6.6 trillion to $7.5 trillion.
In this category, we will learn to start our online business just using your laptop, desktop, or even a mobile.