Forex Trading Industry Statistics and Facts
Currencies of different countries increase or decrease in value in relation to each other. These relative upward and downward movements give traders an opportunity to make profits, and that is what forex trading is about. Unlike how other securities such as stocks operate, forex trading involves the use of currency pairs like JPY/GBP (which represents the Japanese Yen against the British Pound) and EUR/USD (which represents the euro against the US dollar).
So, forex trading simply has to do with selling one currency for another so you can make profits if the currency you sold goes down against the one you bought. If you’re interested in trading in the foreign exchange market, then it’s important to know some key facts about forex.
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