Even if you don’t trade forex yourself, the international currencies market often plays a significant role in your daily life. While the effects of a drop in the stock market aren’t always so obvious, a change in your currency’s value may affect the price of goods and services. If you’ve been abroad, you’ve also likely had to exchange your currency and pay a rate that depends on current forex quotes and rates.
Forex is a unique asset class that differs from stocks, commodities, and bonds. When we dive into what makes it different, it’s plain to see why there is such a large market and need for the truly global forex market.