What is Forex trading, exactly?

The currency trading market is known as Forex. Trading CFDs for a currency pair such as the Euro and the US Dollar, or EURUSD for short, is known as forex trading. The prices are expressed as a conversion from one currency to another. Traders put money into the market and open a position, betting on how the price will fluctuate over time. You win if the EURUSD price moves in the direction you predicted. Similarly, if your guess is incorrect, you may lose your money. Please see our Product Disclosure Statement for more information.