Why Trade Foreign Currency?
In This Chapter
• Finding out about forex
• Discovering forex players
• Exploring market structure
If we lived in a world where there was only one currency, there would be no foreign exchange market or fluctuating rates; but that’s not how our world works. Instead we have primarily national currencies, and the foreign exchange market is an essential mechanism for making payments across country borders.
The foreign exchange market creates a way to transfer funds between countries and to purchase things in other counties. In this chapter, we look at what the foreign exchange market is and who trades foreign currency.
What Is Forex?
Forex is the short way of saying foreign exchange currency trading. Today ...