Forex is short for foreign exchange – the transaction of changing one currency into another currency. This process can be performed for a variety of reasons including commercial, tourism and to enable international trade. .
A Forex allows the novice trader to understand the basics of trading.
Forex trading has its unique terminology. Words like lot, pip, strike price sound alien to an average person.
However, they are instrumental for the Forex trader. These words help convey a lot of information in just a few words.