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the largest financial market in the world. It is used to buy/sell various currencies in order to earn money by changing the exchange rate of these currencies
The foreign exchange market does not have a specific trading platform, such as, for example, stock and commodity exchanges. Regional markets are used to carry out transactions for the purchase / sale of currencies. The most significant of them are: Asian, European, American, Pacific.
Trading in this market can be done around the clock via the Internet. But keep in mind that there are exceptions: weekends and holidays.
There are four main groups of traders in the Forex market
The trader has $5,000 on his account. He notices that the EUR/USD pair is starting to move downward
The trader decides to sell 1 lot for 1.3910, and the quote drops to 1.3760 within a day. The trader exits the trade and takes profit
I made a profit of 150 pips (1.3910-1.3760). 1 pip = $10. Profit is $1500 within 24 hours