The Forex market, also known as the currency exchange market, facilitates the buying and selling of currencies from various countries. It is a popular trading platform that attracts numerous traders due to the presence of major players and the substantial market capitalization. The daily trading volume on this exchange surpasses 10 trillion US dollars.
What is the process of trading Forex?
Select an appropriate strategy and utilize market analysis tools to optimize performance and mitigate risks. Once you have chosen a strategy and feel confident about the selected asset, you can proceed to initiate a trade on the currency pair. Subsequently, as the price increases, you can sell one currency for another, thereby generating a profit.
