What is Forex Trading?
Forex trading, short for “foreign exchange,” is the process of buying one currency while selling another at the same time. It’s the largest financial market in the world, with more than $6 trillion (USD) traded daily, Far larger than the share or commodities.
Unlike the ASX or other centralized exchanges, the Forex market operates 24 hours a day, five days a week, across major financial hubs like Sydney, Tokyo, London and NEw York. Currencies are traded in pairs (for example, AUD/USD) and prices fluctuate constantly based on global demand, interest rates, and economic performance.
For Australians, Forex trading offers access to international opportunities, but it also carries risk due to volatility and leverage. It’s excitig but complex market best approached with education, discipline, and practice on demo accounts before trading live.