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English to Japanese: What is Forex General field: Bus/Financial Detailed field: Finance (general)
Source text - English Forex or FX is short for foreign exchange it is the place where you can exchange currencies from all around the world.
Many countries are backed by their own banks thus creating their own economy and currency when traveling to these other countries you can participate in the foreign exchange market manually by
exchanging your local currency for theirs.
As the decades passed and the discovery of the internet came along, Forex found its way online where traders from all around the world began to trade currencies digitally to turn over profits from the comfort of their home.
The foreign exchange market is the largest and most liquid market in the entire world.
Combined to put quite simply the FX market is where all the money in the world is being exchanged in real time through currencies and this market attracts many investor mindset individuals who see the opportunity to create a career through trading within the exchange.
The FX market is open 24 hours a day five days a week, meaning you get the ability to trade and make money 24 5 with no limits.
The market opens Sunday 6 a.m. Sydney time and ends
Friday 5 p.m. New York time because the
market is easily influenced by
geopolitical factors, it causes a lot of fertility in the market creating plenty of trading opportunities.
Trading over five trillion dollars a day far trumping.
The New York Stock Exchange at 22 billion a day, the Tokyo Stock
Exchange at 18 billion a day and the London Stock Exchange at 7 billion a day.