What is Forexé Today, we're going toexplain a little about what Forex is and how it works from a trading perspective.Forex is shorthand for quot;foreign exchange marketquot;. This is a global market for buying,selling and exchanging currencies. Even though lots of large, internationalbanks use Forex, it is actually the largest market in the world where anyonecan be a trader. Sometimes, Forex can help internationaltrade by allowing currency conversion. So, if someone in the United States needs toimport something from Europe, they can pay Euros,
even though their income is in US dollars. One great thing about Forex is that trading is open 24 hours a day, butit is closed on weekends. That means, you don't have to wait forthe market to open during the week, because it's always open! There's a lot more to learn about Forex.So, if you're interested, check out the Learning Center on Binary , where youcan explore tons of educational resources. Or if you'd like to jump rightin,
sign up for a virtual account at Binary , where you can start learning how to trade for free. Hope you've enjoyed this short tutorial onForex from Binary . Sharp prices. Smart trading.