Forex exchange is a centralized platform that allows users to exchange international currencies and trade assets. According to statistics, its turnover is equal to $5.1 trillion per day. In order to start trading on forex one needs to buy a currency, and simultaneously sell another asset. This way there is a constant circulation of currency between the users, which enables the operation of the platform.
Forex as a word derives from Foreign Exchange and, as the name signifies, is the marketplace where national currencies are traded against each other. Forex is, by far, the biggest market in the world, with a trading volume of $5 trillion on a daily basis. Investing in Forex Trading requires the opening of a short/sell or long/buy trade of a pair of currencies (i.e. EUR/USD - Euro against US Dollar).
Short/sell is a trading strategy that predicts a decline in the price of a currency pair, while long/buy is the speculation that the price will rise. The prices of currency pairs are influenced by various factors, including market news and political events.
You can trade currency pairs, along with more than 1000 other instruments, using your Live or Demo account.