What is FOREX ?
In Simple manner FOREX (Foreign Currency Exchange) is simultaneous purchase and sale of the currency or the exchange of one country's currency for another .These do not have fixed exchange rates , always fluctuating. In forex currencies are traded in pair. Major pairs are EUR/USD , GBP/USD ,USD/CHF , USD/JPY.
FOREX is oldest and biggest market in the world .Daily turnover is more than $4 trillion.It is open 5 days (24hours).
FOREX is oldest and biggest market in the world .Daily turnover is more than $4 trillion.It is open 5 days (24hours).
