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What is Forex?


... and how does FX Trading work?


Forex, also known as foreign exchange trading or FX trading is defined as the process of changing one currency into another, for various reasons like commerce, tourism, and trading. According to the Bank of International Settlements, the daily Forex trading volume in 2019 was more than $5.1 trillion, and this number is steadily growing with every passing day.


In this article, we will take a closer look to understand what is Forex and how does FX trading work?

how forex trading works

What is Forex?


The foreign exchange or FX is a global marketplace where national currencies are exchanged against one another. It includes a network of buyers and selles who transfer currencies among each other at an already agreed price. It is the main way for companies, individuals, and central banks to actively convert one currency into another

forex graph

The information on this website is general information only and does not take into account your objectives, financial situation or needs. You should, before acting on this information, consider the appropriateness of the information having regard to your objectives, financial situation and needs.

Blueberry Markets Pty Ltd is an authorised representative (number 001245440) of ACY Capital Pty Ltd (ABN 49 167 260 504) and is authorised to give general advice, and deal on behalf of another, in derivatives and foreign exchange contracts. Blueberry Markets Pty Ltd introduces clients to ACY Securities Pty Ltd trading as Blueberry Markets Group (ABN 80 150 565 781) (AFSL number 403863) who is the issuer and market maker of the products described in its PDS. You should read the PDS, Client Agreement, FSG and Target Market Determination and consider your objectives, financial situation and needs before deciding whether to acquire or continue to hold the relevant product. You can obtain a copy of the relevant documents from our website. Trading FX and CFDs on margin involves a high level of risk and may not be suitable for all investors. As margin FX/CFDs are highly leveraged products, your gains and losses are magnified, and you could lose substantially more than your initial deposit. Investing in margin FX/CFDs does not give you any entitlements or rights to the underlying assets (e.g. the right to receive dividend payments).

The information on this website, and the services provided by Blueberry Markets Pty Ltd and ACY Securities Pty Ltd (trading as Blueberry Markets Group), are not intended for residents outside of Australia.