What is Forex?

What is Forex?

Don't know, ''What is forex''? CPRON is here to assist you. Step by step guidelines presented by Sohel Adi.

Forex refers to Foreign Exchange Market or Foreign Currency Market. FX Market, in a short form, is also well known. Let's have a deep look: Forex is a ''Decentralized'' Global Market for the traders' who care to trade currencies; despite the fact that CFD, Metals and Indices are also a vital part of modern Capital Market. According to Wiki data, it is the largest Money Market in the world. As per Bank for International Settlements, the primary global results from the 2013 triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets Activity show that trading in foreign exchange markets averaged $5.3 trillion per day in April 2013, which is up from $4.0 trillion in April 2010 and $3.3 trillion in April 2007. As of April 2010, an average daily turnover in global foreign exchange markets is estimated at $3.98 trillion, a growth of approximately 20% over $3.21 trillion daily volume as of April 2007.

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Sohel Adi is founder of CPRON -a Dhaka based Outsourcing Agency that provides Websites, SEO, SMM and a full suite of digital services to small and medium scale of businesses. CPRON also provides e-training for Business Owners, Executives and Students. CPRON offers Custom Training to Companies/Agencies around the GLOBE (preferably Bangladesh) on SEO, Content Strategy and other Digital Marketing disciplines.

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