Increasing profitability.
In Star Trader, currency trading occurs in pairs, wherein one currency is swapped for another.
What Is Forex Trading?
The forex market is the largest financial market in the world – larger even than the stock market, with a daily volume of $6.6 trillion. According to the 2019 triennial central bank survey of fx and otc derivatives markets.
Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies, and central banks convert one currency into another – if you have ever traveled abroad, then it is likely you have made a forex transaction. While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make the price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits.
