FX Trade: The Essential Guide to Foreign Exchange Trading
FX Market Overview Fx trade - The foreign exchange (FX) market is the global marketplace where currencies are traded. It is the largest financial market in the world, with a daily trading volume of over $5 trillion. The FX market is used by businesses, governments, and individuals to exchange currencies for a variety of purposes, including international trade, investment, and speculation. The most commonly traded currency pairs in the FX market are the euro (EUR) and the US dollar (USD), the US dollar (USD) and the Japanese yen (JPY), and the British pound (GBP) and the US dollar (USD). These currency pairs are known as "major currency pairs" and account for the majority of trading in the FX market. The value of currencies in the FX market is constantly fluctuating, due to a variety of factors, including economic conditions, political events, and central bank policy. These factors can cause the value of one currency to rise or fall against another, which c...