What the Forex is
Forex (foreign exchange, or FX) is the global marketplace where currencies are bought and sold. It's the largest, most liquid market in the world — around $7.5 trillion changes hands every day — and it's where every FxErvin signal is traded.
How the market works
There's no central exchange. Forex trades "over the counter" — directly between banks, brokers and traders through electronic networks, 24 hours a day, five days a week. You always trade one currency against another, which is why prices are quoted in pairs such as EUR/USD or GBP/JPY.
What a price means
If EUR/USD = 1.0850, one euro is worth 1.0850 US dollars. Buy the pair if you expect the euro to rise against the dollar; sell it if you expect it to fall. Your profit or loss is the difference between entry and exit, measured in pips.
Who trades forex
Banks and central banks move the most volume, followed by corporations, funds, and individual traders. Thanks to online brokers and platforms like MetaTrader 4, anyone can access the same market with a small account.
Where FxErvin fits in
You don't have to analyse all of this yourself. FxErvin sends ready-to-trade signals — pair, direction, entry, stop-loss and three take-profit targets. New to signals? Start with how to read an FxErvin signal.