What Forex Is. Take a closer look at everything you'll need to know about forex, including what it is, how you trade it and how leverage in forex. The foreign exchange (also known as forex or FX) market is a global marketplace for exchanging national currencies.
Forex, also known as foreign exchange or FX trading, is the conversion of one currency into another. The foreign exchange (also known as forex or FX) market is a global marketplace for exchanging national currencies. In Vietnam, the cross-border "beating" of gold and foreign currencies, although not yet allowed, has taken place very excitingly.
Currency price changes are measured in pips, which traders use to establish trade positions.
For a simple analogy, consider that when you purchase a brand-new car, you pay the market price for it.
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