Forex, or FOReign EXchange, is the world’s largest financial market with an average daily turnover of over $5 trillion. You may have thought that trading was only for the financial elite, but if you have ever travelled abroad, the chances are that you have already participated in the market. In its most basic terms, Forex is the purchase of one currency in exchange for another.
What is an underlying currency?
What are some of the most popular FX pairs?
What affects the value of a currency?