The first round of the French presidential election wrapped up on Sunday with no candidate garnering a majority, so we’re headed to round two in what’s likely to be a closely watched vote. We’ll briefly recap what’s happened, what’s coming up and what the implications are for the forex market.
What is Forex?
Forex (also abbreviated as FX) stands for Foreign Exchange, and in simplest terms it’s the market where foreign currencies are traded. With an average daily trading volume of over $4 trillion, the forex market is the largest financial market in the world, dwarfing the stock market in sheer size and liquidity. This makes forex trading an attractive option for all traders, and provides great advantages and opportunities for the active trader compared to other markets.