What is forex trading?

Forex, FX – short for ‘foreign exchange’ – is trading currencies of different countries against each other.

Forex is one of the largest global financial markets for trading various currencies.

It assists international trade and investments via foreign exchange transactions.

 

According to  BIS Triennial Central Bank Survey 2016, the daily global forex transaction volume achieves $5.1 trillion.

The top five forex trading countries are: 

1. The United Kingdom

2. The United States

3. Singapore

4. Hong Kong SAR  

5. Japan

CPT

 

Their forex transaction volume occupied  70% of the global forex trading

 

Information of this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. CPT Markets does not accept any liability whatsoever for any loss arising from any use of this article or its contents. This article is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this article.

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