The Forex market has no centralized market. Instead, it exists wherever buying, selling and exchanging of two currencies is taking place. It is open 24 hours a day, five days a week. This forex market exists to ease investment and trade.
The forex market forms the essential infrastructure for international trade and global investment. It is crucial for supporting a country's imports and exports, which also grants it access to resources and creates additional demand for goods and services.
Great! So how does Forex trading works?
Forex trading involves speculating on price movements via a CFD trading account, or buying and selling of a currency. CFD trading account enables you to speculate on price movements without taking ownership of the currency. You can buy a currency if you perceive it will rise in value, or sell a currency if you think it will fall.