What is forex market & how does it work?

Forex (FX) market is a global electronic network for currency trading. Formerly limited to governments and financial institutions, individuals can now directly buy and sell currencies on forex. In the forex market, a profit or loss results from the difference in the price at which the trader bought and sold a currency pair.

What are the three main Forex markets?

There are three main forex markets: the spot forex market, the forward forex market, and the futures forex market. Spot Forex Market: The spot market is the immediate exchange of currencies at the current exchange. On the spot.

What is a spot forex market?

Spot Forex Market: The spot market is the immediate exchange of currencies at the current exchange. On the spot. This makes up a large portion of the total forex market and involves buyers and sellers from across the entire spectrum of the financial sector, as well as those individuals exchanging currencies.

What is a foreign exchange (FX) market?

The foreign exchange (forex or FX) market is a global marketplace for exchanging national currencies. Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the world's largest and most liquid asset markets. Currencies trade against each other as exchange rate pairs.