What is Forex Trading?

Forex in shorts

Forex trading is the exchange of one country's currency with another country's currency. Unlike other financial markets, the forex market has no specific location and no central exchange. Instead, transactions are conducted through electronic networks between banks, companies and individuals. Forex transactions are transactions in the form of currency pairs, while buying one currency in a pair of currency combinations and selling another currency.

Main Transaction Currency

USD

EUR

GBP

JPY

CHF

NZD

AUD

CAD

History of Forex Market Development


1944

  • Strict control of exchange rate fluctuations (Bretton Woods Agreements)

1971

  • Abolition of the US dollar/gold exchange system (Smithsonian Agreements)

1978

  • The history of freely floating exchange rates between currencies is opened (International Monetary Fund IMF)

World Forex Market

Region Market
North America New York
European London
Asian Tokyo

Open an account as low as 10 USD

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Trade with financial thinking.

Joy Trade Limited
4 Hamstead Road
Liverpool
Merseyside
United Kingdom L6 8NG

Company

Technology

Risk warning

The financial products offered via this website include digitals, contracts for difference (CFDs), and other complex derivatives and financial products. Trading options may not be suitable for everyone. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on this website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose, and never trade with borrowed money. Before trading in the complex financial products offered, please be sure to understand the risks involved and learn about Secure and responsible trading.


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