About Lesson
- Forex is short for the Foreign Exchange. The Forex market is the most liquid market in the world. It exchanges approximately $6.6 Trillion per day opposed to less liquid markets such as the New York Stock Exchange that exchanges approximately $20 Billion per day.
- “The Majors”- This term refers to the most frequently traded currencies in the world, with a list normally including the Euro (EUR), US Dollar (USD), Japanese Yen (JPY), Great British Pound (GBP), Australian Dollar (AUD), and the Swiss Franc (CHF).
- Constant battle between the bears (sellers) and the bulls (buyers)
- The goal of Forex is to buy a currency that is anticipated to gain value or sell a currency that is anticipated to lose value against another currency.