Forex Trading What is it?

Well is actually direct access trading to different types of foreign currencies. In the early years of the internet, foreign exchange trading was for large banks and institutional traders (that sucks). However with the rise of technological advancment we have made it so, small traders can take advantage of forex trading just by using online trading platforms to trade.

Around 85 percent of daily transactions are involved with trading of major currencies.
Four major currency pairs are usually used for investment purposes.
These major currencies are:
1) Euro against US dollar (EUR/USD),
2)US dollar against Japanese yen (USD/JPY),
3)British pound against US dollar (GBP/USD)
4)US dollar against Swiss franc (USD/CHF).


Forex trading will never stop; even on September 11, 2001 (im sorry if this is sensitive to anyone). The currency market is the oldest financial market in the world. It is the most liquid market in the world, and it is traded mostly through the 24 hour inter-bank currency market.