Did you know that forex exchange market is the largest financial market in the world and it is many times larger than of stock market?
It is no surprise that forex trading has taken off in Singapore over the past couple years. In this article we will share with you what forex trading is about.
What is Forex Trading?
As the business industry moves to being global, people and entities need negotiable tools to effectuate transactions.
Currencies have different values in different countries.
This dilemma is recognized by Bretton Woods and thus pushed for a system that allows a free flow of trading between nations after the World War during the United Nations Monetary and Financial Conference.
The structure that we have at present was a result of this action. Hence, we have foreign exchange trading.