What is Forex Trading: Understanding, Market, And Forex Basics

Forex trading is currency trading from different countries with a goal to make a profit. In this case, forex is short for Foreign Exchange (foreign exchange). An example of forex trading is buying Euro (the main European currency), while simultaneously selling USD, can be abbreviated EUR / USD.

In the shadow of a layman, the notion of forex trading is the act of exchanging money in Money Changer, which is the buying and selling of foreign currency manually done through money changer. In fact, forex trading is different from manual transactions like in Money Changer.

Generally, the purpose of someone to buy and sell money in Money Changer is because of the need to exchange currency to transact in different countries, so there is a physical exchange of money. While forex trading is done online with the aim of obtaining profit only. Need to be understood, forex trading is a … Read More

What is Forex Trading: Understanding, Market, And Forex Basics

Forex trading is currency trading from different countries with a goal to make a profit. In this case, forex is short for Foreign Exchange (foreign exchange). An example of forex trading is buying Euro (the main European currency), while simultaneously selling USD, can be abbreviated EUR / USD.

In the shadow of a layman, the notion of forex trading is the act of exchanging money in Money Changer, which is the buying and selling of foreign currency manually done through money changer. In fact, forex trading is different from manual transactions like in Money Changer.

Generally, the purpose of someone to buy and sell money in Money Changer is because of the need to exchange currency to transact in different countries, so there is a physical exchange of money. While forex trading is done online with the aim of obtaining profit only. Need to be understood, forex trading is a … Read More