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What is Forex trading?
The Forex market is the largest market in the world. There is an average trading volume of $5 trillion per day. The foreign exchange market is primarily an over-the-counter (OTC) global marketplace; as the world buys, sells, exchanges, and speculates the exchange rate the price of currencies fluctuates. Forex trading consists of buying one currency while selling another, which is why currencies are always traded in pairs. The base currency is the first in a pair and the currency which exchange rates are generally quoted against. Example: GBP/JPY, the Great British Pound is the base currency.
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. Take advantage of trading 24/5 with support from our iconic team.