Also known as “Foreign Exchange”, Forex is considered as the trading of currencies from various countries against each other.
There are many different currency pairs that can be traded in Forex trading. Some of the most popular ones are EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CHF.
In Forex trading, the goal of making the exchange is to hold it until the value increases or decreases and then exchange it back in order to achieve the desired profit. Forex trading is considered as a very popular form of investment thanks to the so called “leverage” that’s offered to traders, which can range anywhere from 20:1 to 400:1.