FX is the acronym for foreign exchange. Most of us would be familiar with money changers. When we are preparing for our overseas trip, we go to the money changer to exchange some USD into a foreign currency (e.g. EUR).
When we do this, we are actually making a FX trade with the money changer. We would give the money changer some USD in return for €1, depending on the money changer’s exchange rate.
Here are some forex trading questions that people often ask about the forex market.