amrinved1 21 Questions 24 Answers 0 Best Answers 70 Points View Profile 0 amrinved1 Asked: August 17, 2020In: Finance How does online foreign exchange trading work? 0 How does online foreign exchange trading work? Share Facebook 1 Answer Voted Oldest Recent devangthakkar 0 Questions 101 Answers 0 Best Answers 229 Points View Profile devangthakkar Added an answer on August 17, 2020 at 12:22 pm The market determines value also called as exchange rate, of the majority of currency. While trading currencies, they are listed in pairs, EUR/USD, USD/JPY, etc. Forex trading is the act of buying or selling currencies. You need to know about foreign exchange trading platform. There are 3 different types of forex market: Spot forex market Forward forex market Future forex market There are a variety of ways to trade forex, but they work all the same. Forex broker has to be regulated by a governing body of their respective country like SEBI, RBI in India, US SEC in the US, CSRC in China, etc. Hope this will help you 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.