Forex What Is It. Foreign exchange trading—also commonly called forex trading or FX—is the global market for exchanging foreign currencies. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.
The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. A forex or currency futures contract is an agreement between two parties to deliver a set amount of currency at a set date, called the expiry, in the future. The FX market is a global, decentralized market where the world's currencies change hands.
In forex trading, you sell one currency to purchase another.
The currency that you are purchasing is called quote currency.
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The foreign exchange market (Forex) attracts millions of investors around the world to participate in foreign currency trading through brokerage companies (Forex floor). Non-farm payroll "NFP in forex" is a report that cause big price movement, and create volatility in foreign exchange market. Trading forex involves the buying of one currency and simultaneous sell
ing of another.