Trading is a means to make financial returns by buying and selling assets like currency, stocks or commodities.
Foreign exchange (or forex) entails a huge global market for buying and selling currencies, which determines the exchange rate between them. To give you an idea of the market size, the average daily turnover of this market is around $6 trillion.
Certain major currency pairs are traded 24 hours a day (Monday to Friday) in both directions. These markets are known to be volatile, so having a good trading strategy in place, as well as a good broker, is important.
Cryptocurrencies like Bitcoin are also a form of currency trading. In many ways the trading principles are similar to forex, but they are not always subject to the same influencing factors and don’t involve banks or other authorities.
Our articles in these two categories offer practical advice on various forms of currency trading, including strategies, tips, tools and the best educational resources.