Author: HG Market

A foreign exchange transaction involves exchanging one fiat currency for another. These exchanges are carried out at various scales in commerce or trade or to facilitate tourism needs. The process of trading currencies can be complicated, even though it may sound simple. Since banks are major players in the forex market, regulation levels on the interbank market vary widely. Several countries have little or no regulation of forex trading, and forex instruments are also not uniform.  We Need to Understand the Basics: No central authorities or bodies control the forex market, such as banks or governments. Best brokerage firms in…