When you exchange the currency of a nation with another one, there is a price involved known as the exchange rate, and this is what drives the forex trading market. In short, forex is the currency exchange market.
Here, a forex trading platform serves as the intermediary between the actual broker and the investor. Since the market is decentralized, you need a forex broker to participate in the trading activity. Today’s largest financial market is the foreign exchange or forex market, where over 4 trillion USD worth of trading takes place every single day. Thanks to the digital world, the possibilities have gone even beyond stocks, bonds, or mutual funds. Today’s trading dictionary accommodates more than just buying and selling of goods and services. Throughout the pages of history, we see how different civilizations have thrived on prosperous international trade. Trading as an economic concept is not new to humanity.