What is Forex Trading ? 1 0

Last updated on 01/05/2022 08:01 PM
Posted ByCharles

Forex trading is the process of speculating on currency prices to potentially make a profit. Currencies are traded in pairs, so by exchanging one currency for another, a trader is speculating on whether one currency will rise or fall in value against the other.

The value of a currency pair is influenced by trade flows, economic, political and geopolitical events which affect the supply and demand of forex. This creates daily volatility that may offer a forex trader new opportunities. Online trading platforms provided by global brokers like Grand FT  mean you can buy and sell currencies from your phone, laptop, tablet or PC.

** The time is base on America/New_York timezone