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What is Online Forex Trading?
Forex stands for the foreign exchange market (also known as currency exchange). Transactions within the forex markets are performed by a trader purchasing a certain amount of one currency by using another currency. This is usually shown as the abbreviations of the two currencies being used in the transaction, such as EUR/USD (The Euro and The United States Dollar).
Why Trade Forex?
Forex trading is unique in many ways. Forex currency has very high liquidity (buying and selling is easily since there are so many buyers and sellers in the forex markets). Forex brings to the table a large and diverse group of traders. Online Forex markets are open 24 hrs a day, 7 days a week.