Difference Between Forex and Exchange Office

WHAT IS THE DIFFERENCE OF FOREX FROM EXCHANGE OFFICE?

What is Forex? Forex is the world's highest volume financial market. This market, which can be traded with foreign exchange transactions and other investment instruments such as stocks, commodities, gold, can be traded in foreign exchange forex market and its daily trading volume is 5.5 trillion dollars. It can be followed simultaneously from all over the world and investors are directing their orders to the market.

Similarities and Differences Between Forex and Foreign Exchange Office

You can easily understand the answer of the "What is Forex?" question from the following recipes. Forex Currency trading Forex traders aim to take advantage of the decline in the prices of foreign currencies and increase. For currency pairs traded as parallels, a sales order is issued for the expected decrease in price, which is bought from the currency whose value is expected to rise. There are some similarities between the Forex market and the Foreign Exchange Bureau, but there are significant differences between the two.

Similarities:

Foreign exchange transactions are carried out in the two markets and the same system operation. From a logical point of view, Forex and Foreign Exchange Bureau are the same. Profits or losses are made from instantaneous changes in the currencies. The exchange rate changes both in Forex and in the Foreign Exchange Bureau due to the same factors.

Differences:

The greatest feature of the Forex market is global; So all transactions on this market can be done at the same time everywhere in the world. You can easily follow Forex through Internet and trading platforms. In order to be able to trade in the Foreign Exchange Bureau, you need to go to the office and actually buy and sell the foreign exchange. Forex market is more advantageous and provides more profit to investors. Investors are investing in Forex, but transactions in the foreign exchange office are exchange.

"What is Forex and differences between Exchange office?" we tried to find answers to questions.