Act Fast — Webinar Spots Fill Up! Unger Academy is an educational site, and is forex academy egypt a financial adviser or broker. All stocks, ETFs, commodities, Indices, Forex, Bonds, and other securities mentioned in our courses are for educational and illustrative purposes only.

If you need professional investment advice, please consult a registered investment adviser. Futures and Options carry risk and may not be suitable for everyone. Any mention of Return of Investment percentages is only indicative of the potential of the strategy or the system, and is not meant to signify any guaranteed returns. Success in trading involves a range of human factors like decision making skills, adjustment skills, emotional control, and risk management and other psychological and behavioral parameters, all of which are completely in the hands of the individual, and Unger Academy is not responsible for the performance of any individual.

By visiting our site, accessing to our free or paid content, you are implicitly agreeing to these terms, and our general terms of use. Forex Tutorial: What is Forex Trading? The foreign exchange market is the «place» where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. Our network of expert financial advisors field questions from our community. Are you a financial advisor?

The latest markets news, real time quotes, financials and more. If you are living in the U. This means that the U. The same goes for traveling.

A French tourist in Egypt can’t pay in euros to see the pyramids because it’s not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate. The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world. It dwarfs other markets in size, even the stock market, with an average traded value of around U. One unique aspect of this international market is that there is no central marketplace for foreign exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney — across almost every time zone.

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