What is Forex ?
Forex market you must to know what is it or basic concept of FX Market,
It is basically describes buying and selling currency in Foreign Exchange Market, especially by traders and investors like you and me.
In this forex market we deal currencies, commodities, stock, bonds, and cryptocurrency and many more products in this Forex exchange market and the familiar Saying always “Buy low and Sell high” It is certainly applies to currencies trading too.
In FX currency market trader purchase currencies likes these pairs GBP/USD, EUR/USD, USD/JPY.
Foreign Exchange Market(FX) is the largest market in the world with daily trading volume over 4 $trillion.
While 24 hour market has attracted markets around the globe with it’s high liquidity, low transaction cost.
This article first introduce the basic concept of “Spread or difference of bid / ask ” which is most important transaction cost is forex trading and how the spread presented in price quotes.
and you must have to know the signification of margin by which you have to know that how to trade and how to choose the correct leverage ratio.
I think little bit you are knowing now that what is forex market and what is it actually.
FX market is over-the-counter(OTC) market which means there is no central exchange or clearing house.
It is different level of access and currencies are traded in different market makers.
If you want to know Inter-Bank-Market so you must to know what is forex actualy.
The Inter-bank Market
Large commercials banks trade with each other through the Electronic Brokerage System(EBS).
Banks will make their quotes available in this market only to those banks with which they trade.
and this market is not directly accessible to retail traders.
Try Also Here,,,