Complete Forex Trading Guide

The Forex market allows for the exchange of one currency for another, making it the largest financial market in the world with a daily trade volume of $5 trillion. The Forex market operates globally and 24/5. Most traders speculate on exchange rate movements rather than taking physical delivery of currencies. The most commonly traded currency pairs involve major currencies like the US dollar, euro, Japanese yen, British pound, and others. Exchange rates are influenced by central bank actions, economic news and reports, interest rates, inflation, and political events and uncertainties.