Forex, Exchange Rates and Currency Exchange

Forex trading has nothing to do with swapping cans of lager with an Australian! If only it were that simple. Forex trading, means trading or dealing in currency on the foreign exchange market. Foreign exchange, forex or FX all mean the same thing.

Basically you follow how the currency market is moving. Currency moves in response to a country’s requirement for funding investment and trade in stocks and shares, based on the economics of their commerce and industry.

A country may need to raise money for a specific purpose and does so on the strength of their reserves – monetary or gold or oil, commodities with international value. There isn’t normally a huge change in the value of a country’s currency, not in the same way that the stock market can have amazing rises and falls. Continue reading Forex, Exchange Rates and Currency Exchange