Forex (foreign exchange) refers to the foreign currency exchange market, the worlds largest financial trading market. Pass yourself as a forex expert with these buzz words:
Bid to buy
Ask to sell
Liquidity financial ease of transaction, i.e. cash
Trading volume the amount traded
Bid/ask spread the difference between the proposed buying price and the actual selling price
OTC over the counter
Exchange rate the difference between currency values; for instance, a Canadian dollar is valued at .86 of a US dollar
Hedge funds large mutual funds companies that control vast amounts of money and are able to manipulate the value of a currency through speculation
Central bank the national bank of a nation, which usually exerts control over the value of that currency
Forex trading is the investment in the currency of one nation. Multinational Corporations doing business across national boundaries find value in keeping their cash reserves in a variety of countries, and holding their funds in a myriad of ways. For example, a UK corporation may hold a percentage of its working capital in UK pounds, but if it does quite a bit...
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