Forex Beginners – Forex Definition
The purpose of this website and blog, which is to help forex beginners (people interested in trading and novice traders) get a better understanding of the online forex trading so that they actually start trading and quickly become profitable traders,
As such, 
over the coming weeks and months, we’re going to start with the basics and build up from there.
Today, we’re going to define the term “Forex“…
The forex market, also known as the foreign exchange or the fx market, is the place where currencies are traded. It is the largest financial market in the world with an average traded value of over 4 trillion per day and includes all of the currencies in the world.
Compare that to the $25 billion that is traded on the New York Stock Exchange on a daily basis and you can easily see how enormous the forex market really is. It actually equates to more than 3 times the total amount of stocks and futures markets combined. Forex is tremendous!
But what exactly is traded on the forex market? The simple answer is money. It is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker and are always traded in pairs. A pair would be like the Euro and the US dollar pair (EUR/US) or the British Pound and the Japanese Yen pair (GBP/JPY)
See you tomorrow…