What exactly is forex? And what is the forex market?
Forex, also known as foreign exchange, FX, or currency trading, is a decentralized global market where all the world's currencies trade.
The forex trading market determines foreign exchange rates for every currency. It includes all aspects of buying, selling, and exchanging currencies at current or determined prices. Currency is exchanged for various reasons like commerce, trading, or tourism.
Whenever currency will increase in value, you can buy it. If you think it will decrease, you can sell it. Forex is a large market to finding a buyer when you're selling and a seller when you're buying is much easier than in other markets.
The forex market is decentralized, the broker is the one who regulates the secure for trading. There are many regulators all over the world who oversee the operations of forex brokers in particular.
Some of the most respected regulatory bodies in the world of forex include CySEC operating within Europe, FCA who are based in the UK and are a top-tier regulatory authority there, ASIC who are Australia based, and the CFTC and NFA in the U.S. where regulatory conditions are comparatively strict. There are a host of other regulators too who typically provides trusted protection to forex traders around the world.