Forex Uncategorized

What is forex?

What is forex, a lot of people ask about forex, and there are other people who do not know about forex but they always hear that term, forex is the largest market for trading in the world, as the daily value of forex trading is 5 trillion dollars, forex is the most important type of direct trade In the world, that is, forex is a currency trading market where there is a currency that is opposite to another currency and this is always with the aim of making a profit.

What is forex

Forex has become the most important type of direct trade in the recent period because it provides a lot of possibilities for its users, in addition to that it provides a lot of liquidity to users unlike many other markets that lack this, as forex has become the first and last goal for many young people who want to achieve A lot of profit in the recent period because it helps everyone to work and profit from their places, as it helps young people, young people and adults to profit through direct electronic commerce with ease and from their places, and the forex market has many advantages that are not found in other stock markets, because The forex market is a more active and dynamic market around the world, unlike the stock markets, through which many young people can do e-commerce through which they will achieve a lot of wealth.

Currency pairs and trading price

Trading in forex is not difficult and also it is not easy if you want to become a pioneer in this field, the forex market is traded by currency pairs such as the pound sterling against the dollar or the dollar against the euro and so on, as the prices of trading in forex on currencies differ From time to time based on the supply and demand provided by users around the world, as the difference between the price between them is called (spread) and we will now see the most popular currency pairs in the world of Forex.

• The Euro / US Dollar, referred to by the symbol USD / EUR.
• The British pound / US dollar, referred to by the symbol USD / GBP.
• The US dollar / Japanese yen, referred to by the symbol JPY / USD.
• Euro / Japanese Yen, referred to as JPY / EUR.
• Australian dollar / US dollar referred to as USD / AUD.
• The New Zealand dollar / US dollar, referred to by the symbol USD / NZD.
• Canadian dollar / US dollar and symbolized by USD / CAD.

It should be noted that the forex market has many different currencies from all over the world as these currencies in the forex market are divided into major or base currencies and other minor currencies and western pairs, the major currencies are the most popular pairs that were mentioned and they are 7 major pairs, but minor pairs The major currencies are traded among themselves except for the US dollar. As for the western pairs, they have one major currency and another secondary currency. The major currencies depend entirely on the world economy such as America, Japan, Switzerland, Canada and New Zealand, where the currency pairs trading price is the value of the currency that is priced You can buy it for 1 unit of the base currency.