Forex stands for “Foreign Exchange” and refers to the active trading of currencies — exchanging one currency for another. Investors buy one currency while selling another (known as currency pairs) in ...

What is forex trading? Forex trading is essentially trading currencies. The process involves simultaneously buying one currency while selling another in the hope of profiting from the changes in their ...

No forex trade is free. Many forex brokers charge commissions for each trade, but there is a silent cost that also impacts your forex profits. Spreads represent an extra expense for each trade. It’s ...

Each time you place a forex trade, you have to pay a small fee to the broker. Some forex brokerage accounts refer to this expense as a commission fee. However, other brokers take a spread-only ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The foreign exchange market is the ...