2 ما هو الفوركس

What is Forex? Forex is the foreign exchange market. The word Forex is an abbreviation for Foreign Exchange Market. It is the largest financial market in the world, with a daily trading volume and liquidity exceeding $6.6 trillion in 2019. Forex is the exchange of currencies. For example, when we go to a currency exchange office to exchange euros for dollars, and

we assume that one euro is worth two dollars, this means that if you give them 10 euros, they will be worth three dollars. You will then buy more to make a profit. Therefore, we conclude that Forex trading is the exchange of one currency for another and profiting from price differences. Trading in this market takes place five days a

week, 24 hours a day, from Monday to Friday, all year round, except for a very few specific days. What are the main currencies in the Forex market? There are eight main currencies: Euro, US Dollar, British Pound Sterling, Canadian Dollar, Japanese Yen, Australian Dollar, New Zealand Dollar, and Swiss Franc. How to read currency pairs: EUR/

USD means the price of the Euro against the US Dollar. This pair shows us the value of one Euro in US Dollars. For example, the US dollar (EUR) is equal to 1.1 US dollars. GBP/CAD represents the price of the British pound against the Canadian dollar, meaning this pair shows the value of one British pound in

Canadian dollars. For example, one British pound is equal to 1.7 Canadian dollars. AUD/JPY represents the price of the Australian dollar against the Japanese yen, meaning this pair shows the value of one Australian dollar in Japanese yen. For example, one Australian dollar is equal to 93 Japanese yen. NZDCHF represents the price of the New Zealand dollar against the