Forex is the global foreign exchange market. Currencies in the forex market are bought and sold between traders around the world. Forex trading can be profitable for those who know how to use it.
Forex trading companies in Kenya are the purchase and sale of currencies outside of one's own country. Currency trading is a global market and forex is one of its most important products. Foreign exchange brokers are middlemen who help buyers and sellers to find each other and to strike deals.
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Forex is the foreign exchange market and it works a lot like the stock market. You buy and sell currencies with the goal of making money. The process of buying and selling currencies is called trading. Forex traders use different strategies to make money.
Forex (foreign exchange) is the global market for currencies, commodities, and securities. It allows traders to buy and sell currencies and assets around the world. Forex trading can be done through online platforms or over the phone.
The forex market is open 24 hours a day, seven days a week. When you buy or sell forex, you are transacting in what is called spot (actual) currency. The price of a currency at any given moment is determined by supply and demand. Factors that affect demand include economic indicators (such as GDP growth), political developments, and speculation by investors. Factors that affect supply include interest rates, production levels, and foreign exchange reserves.