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We provide the best guides about Forex Trading in UAE for investors. Let’s first understand What is Forex Trading.
Forex – the most traded global market where trillions of dollars value of trading take place each day. It is the shortened form of foreign currency & exchange, also known as FX.
Forex exchange or trading now is the selling and buying, speculation, or exchange of a currency to profit on the foreign exchange. This speculation takes place on over-the-counter (OTC) markets by investors, traders, banks & institutions. It is converting one currency to another for multiple reasons such as trading, investment, or tourism, etc.
Trading is carried out five days a week, 24 hours a day, through the ‘interbank market.’ The interbank market is an online channel to trade currencies. As per a study report of the Bank for International Settlements, Forex is the largest financial market with a global daily average volume of more than US$5 trillion. Our best guides about Forex Trading in UAE for investors are present here. Let’s read the benefits of Forex Trading.