What is Forex, Forex Trading & Forex Exchange Market India, UK & USA
FOREX stands for Foreign Exchange Market.
This is one of the biggest financial markets where in global currencies are traded. Forex is all about purchasing and selling currencies in order to make profit due to change in their values.
A large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates. Exchange rate fluctuations are usually caused by actual monetary flows as well as anticipations on global macroeconomic conditions. Significant news is released publicly in theory; everyone in the world receives the same news at the same time.
For example if you purchase some Dollars in exchange of 500 Euro it is considered a forex deal. The rate at the time of exchange was 1.45. Now after some time, you resell those and suppose at that time rate was 1.5. And there you see, you earn profit. Since forex market is highly fluctuating, it attracts all. And therefore this market has grown larger than stock market.
With the online forex trading becoming so easy, all you need to get started is a computer with internet access and a trading account with a FOREX