What is Forex?

Forex is short for the Foreign Exchange. Most people are familiar with the Stock market, so Forex is just like the stock market except it’s actually bigger. Many more transactions occur daily in Forex than in the stock market. The stock Market has only $200 billion in transactions daily and Forex has over 5 trillion in transactions daily. Another difference is instead of buying shares in companies like the Stock Market, you buy and sell different countries’s currency!

Watch the video below for a better understanding of how the Forex Market works.