Forex (Foreign Exchange)
Trading currencies on global markets, critical for UAE businesses and individuals.
Detailed Description
Forex (Foreign Exchange)
What is Forex?
Forex, or foreign exchange, is the global marketplace for trading national currencies against one another.
Who are the key participants in the Forex market?
Key participants include central banks, commercial banks, corporations, hedge funds, investment firms, and retail traders.
What are the different types of currency pairs in Forex?
Currency pairs are categorized into major pairs, minor pairs, and exotic pairs.
How does leverage work in Forex trading?
Leverage allows traders to control larger positions with a smaller amount of capital, increasing both potential profits and risks.
What are some common Forex trading strategies?
Common strategies include scalping, day trading, swing trading, and position trading.