Forex is a combination of two things; foreign currency and exchange and is the process of changing one currency into another. It is one of the largest markets in the world, with an average daily trading volume of $5 trillion. Forex trade is conducted in the Forex market, which operates 24 hours a day, five days a week. The market closes at 22:00 GMT on Friday and opens again at 22:00 on a Sunday. Here is everything you need to know about forex brokers, should you choose to use one. How Does A Forex Market Work? Whether you realize it or not, currencies play a very vital role in the world. In order to conduct trade, currencies are needed to be exchanged, and most people make a profit off that. For example, if you are living in the United States and need to buy something in France, you have to pay them in euros (EUR). This means that before buying anything in a different country with a different currency, you have to exchange your money to the equivalent of that country. The beauty of the international market is that there…
