Mashreq SME - Paperless trade transactions
You’ve probably heard a lot in the news and online about Forex trading, but what on earth is it? As with anything financial, it’s important to have a firm grasp on a subject, before you decide whether it is something you want to involve yourself in; in this case that would be deciding whether to start a Forex trading business of your own.
That might sound like you’re aiming high, but it’s not as difficult as it first sounds!
What is Forex?
Forex is basically foreign exchange or trading in currencies, and it is a market that is totally decentralised across the globe; that means that there is no central person or entity which governs it. Forex is a very large market, and every day it trades multiple trillions of dollars. Yes, it’s that big!