The
term 'Forex' stands for Foreign Exchange. Forex trading in simple terms is the
trading in currencies from different countries against each other; for example
the US Dollar against the Euro. Anyone who deals with a foreign country - be it
a holiday there, or wanting to purchase something from that country or pay for
a service, generally requires the currency of that country to do so. For
example, to pay for your college fees at Dubai, I need to make the payments in
UAE Dhirams as Indian Rupee .
Like
the broker who changes my Indian Rupee to UAE Dhirams, I too trade on the Forex
market on my own - all it required was to open an account with a Forex broker.
I selected one from ForexSQ and have been trading since then. However, Forex
trading is different from exchanging money at the Foreign Exchange outlets.
There is much more to Forex trading than just exchanging one currency for
another. The two currencies that have the highest trading volume on the Forex
market are the US Dollar and th ..
