Sam Hall - Explainer: Forex Trading
Vocal Characteristics
Language
EnglishVoice Age
Young Adult (18-35)Accents
British (England - South East - Oxford, Sussex) British (General) British (Received Pronunciation - RP, BBC)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
foreign exchange or for X for short is the place where currencies are traded. Currency trading is the exchange of one type of currency for another. In the forex market, currencies are traded in pairs. When a trader buys a currency, he or she is selling another currency. At the same time, currency values fluctuate based on various economic, political and environmental factors. For ex traders sell and buy currencies in an effort to take advantage of these changes in value. Forex market has no physical location or central exchange, as it is a global decentralised market and trades 24 hours a day, five days a week. No other markets in the world trades more than for X, which is why there are many opportunities for traders. That's for EX. In a nutshell. Stay tuned for more videos.