Forex, also known as foreign exchange, is a decentralized global market where currencies are traded. With a daily trading volume of over $5 trillion, forex is the largest financial market in the world. As a global market, forex is traded in different languages, including Spanish. In this article, we will explain how to say forex in Spanish and provide some background on the Spanish-speaking forex market.
Forex is commonly known as “Forex” in Spanish. The term “Forex” is an abbreviation of “foreign exchange,” which translates to “cambio de divisas” in Spanish. However, most Spanish speakers use the term “Forex” instead of “cambio de divisas” when referring to the forex market.
The term “Forex” has become a commonly used term in the Spanish-speaking world due to the global nature of the market. The term is used by traders, brokers, and investors in Spanish-speaking countries such as Spain, Mexico, Argentina, Chile, and Colombia. The use of the term “Forex” makes it easier for Spanish speakers to communicate with traders from other countries who use the same term.
The Spanish-speaking forex market has grown significantly over the past few years. According to the Bank for International Settlements (BIS), the daily average forex turnover in Spain was $101 billion in 2019. This represents a 21% increase from 2016. The increase in forex trading in Spain can be attributed to the growing interest in forex trading among retail traders and the availability of online trading platforms.
The Spanish-speaking forex market is also regulated by the relevant authorities in each country. In Spain, the forex market is regulated by the National Securities Market Commission (CNMV). The CNMV is responsible for overseeing the activities of forex brokers and ensuring that they comply with the relevant regulations.
Spanish-speaking traders can access the forex market through forex brokers that offer trading platforms in Spanish. These brokers offer a range of trading instruments such as forex pairs, commodities, indices, and cryptocurrencies. They also provide educational resources and trading tools to help traders improve their trading skills.
Spanish-speaking traders can also participate in the forex market through social trading platforms. Social trading platforms allow traders to follow and copy the trades of successful traders. This is particularly beneficial for novice traders who are still learning how to trade forex.
In conclusion, forex is commonly known as “Forex” in Spanish. The term has become widely used in the Spanish-speaking world due to the global nature of the forex market. The Spanish-speaking forex market has grown significantly over the past few years, and traders can access the market through forex brokers that offer trading platforms in Spanish. The market is also regulated by the relevant authorities in each country, ensuring that traders are protected from fraudulent activities.
