27/11/2023
What is Forex??
Let's start with some of the fundamental terms:
- Forex market: This is the place where currencies are bought and sold.
- Currencies: These are the different national currencies, like the US dollar, the British pound, the euro, etc.
- Exchange rate: This is the price at which one currency can be exchanged for another.
- Bid and ask price: These are the prices at which buyers and sellers are willing to trade currencies.
These are just some of the basic terms and concepts
