What is forex? [Video]

Ray Shen CPT Markets

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

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

Author

Ray Shen

CPT Markets

Graduated from Canada TRU university of finance department, national golden trader; Engaged in financial industry for more than 10 years; Served as a staff writer of many networks, magazines and media; Invited as guest lecturer fo

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