What is Forex?

What is Forex?

what is forex
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on reddit
Reddit
Share on whatsapp
WhatsApp

Forex is short for foreign exchange (FX), where currencies from all around the world are bought or sold among each other, known as forex trading. In simpler terms foreign exchange market is a global market also called the forex market, where one can buy a currency in exchange for another. For example, you can buy US dollars by selling your Euros or whatever currency you have in possession. The currencies of the world have differences in their prices if compared with each other and forex traders or investors trade these currencies to earn profit from these differences. They either buy one currency to sell it at a higher price later or sell a currency to buy it at a lower price later.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on reddit
Reddit
Share on whatsapp
WhatsApp
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x

Get Registered For FREE Forex Training!

Fill In Your Details To Get Registered For FREE Forex Training!