Forex Trading Basics | Basics of Forex Trading

The term Forex is the contraction of the English expression Foreign Exchange. It designates the market on which monetary currencies are traded. You will not find any central market place to exchange currency; Forex is, therefore, an over-the-counter market that is active on the main international financial centers (London, New York, London, Tokyo, Zurich, Paris, Sydney, Frankfurt, Hong Kong, Singapore).