Forex, short for foreign exchange, refers to the conversion of one currency into another. This exchange takes place for various reasons, such as for commerce, trading, or tourism. The Bank for International Settlements, a central bank for national banks, published a report in 2019 that stated that daily forex trading volume had reached $6.6 trillion in that year.
Forex trading can be difficult to understand. It operates by trading currencies in pairs, such as the Euro and U.S. dollar. When you participate in forex trading, you buy one currency while simultaneously selling the other (which explains why currencies are quoted in pairs).
The Exor Assets experience is packed with tools, features and products that give you the winning edge with your trades.
Forex provides active traders with a chance to take advantage of a highly liquid market. Its features, such as flexible leverage, low costs, and 24/5 trading hours throughout the week, make forex a sought-after and accessible asset class to trade.
Take advantage of the biggest financial market in the world, with high liquidity, 24/5 trading hours and a wide range of forex pairs.
