What is Forex ?

What is Forex ?


Trading in Forex—the foreign currency exchange—is sometimes viewed as pure speculation . The potential for profit and, conversely, loss, are on average higher than in other commodities markets .
In Forex, rise and fall of currencies or pair directly dependent on the political, economical or social changes of particular country, also such fluctuation can occur due to change in quotes or policies of banks.
there are means of mitigating potential losses, while maintaining the same opportunity for extremely high profit. The Foreign Exchange is the world’s largest financial market, with over $3 trillion traded daily.
Forex is a good platform for people wishing to invest in economic or trade market, but Forex being a market of fluctuations and inflation is not an easy thing. Forex trading is full of terms and tools that need to be understood for the right buying and selling steps. Specially, if you are someone new to the world of foreign exchange learning Forex trading can be the right way to start with.

Forex market is 100 times larger than the New York Stock Exchange,and triple the size of the US Equity and Treasury markets combined.

Forex is an over-the-counter market (no central trading arena), meaning that transactions are conducted via telephone or internet by a global, decentralized network of banks, multinational corporations, importers and exporters, brokers and currency traders.

When beginning with Forex it is important to keep in mind that key to successful trading is patience and discipline.

Good luck