What is Forex trading, Broker, Spread & trading platform [Quizes 1-4]
In this video we try to find out some basic forex question.
What is Forex trading?
Forex, also known as foreign exchange or FX trading, is the conversion of one currency into another. It is one of the most actively traded markets in the world, with an average daily trading volume of $5 trillion.
what is forex broker?
Forex brokers are firms that provide traders with access to a platform that allows them to buy and sell foreign currencies. … Forex brokers may also known be as a retail forex broker or currency trading brokers.
what is forex spread?
Every market has a spread and so does forex. A spread is simply defined as the price difference between where a trader may purchase or sell an underlying asset. Traders that are familiar with equities will synonymously call this the Bid: Ask spread
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