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"Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or tourism. According to a recent triennial report from the Bank for International Settlements (a global bank for national central banks), the average was more than $5.1 trillion in daily forex trading volume"
https://www.investopedia.com/articles/forex/11/why-trade-forex.asp
I trade mostly the EURUSD also known as fiber. If you're ready to make some cool money, follow me as I will be posting daily analysis here. Thank you
We've consistently seen the EURUSD drop over the past weeks.
EURUSD is hanging at the 1.0800 regions which could open the way for a very serious sale this coming week.
I have highlighted points which ill be looking to take profits from.
If the sale doesn't take place, then we might see the price shoot up, but I doubt that is going to happen anytime soon. Considering the fact that the USA economy is about to be gradually reopened.
I see the USD bullying a lot of pairs. fingers crossed.