What is forex about?
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Thread: What is forex about?

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    What is forex about?

    Even in this world market, foreign currency exchange traders are receiving the chances to trade with dominant security i.e. currency. Currency is nothing but the monetary standard of a country where forex traders are getting the prospects to buy and sell different currencies so that they can earn good profit from the price fluctuation of various currencies. But naive traders ought to attain satisfactory trading skills at the initial phase of their trading journey.

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    well i think forex market is all about to control the economy of the world if you trade more on usd which means usd economy will grow fast same with euro and other pair currency how ever forex market also move on the country economy if you are good in economy analysis then you are at right place to earn money how ever forex is all about trading like give currency and take currency :)

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    Registered user musiliu's Avatar
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    the main need of the forex market is facilitate the need for foreign currency for importation and to exchange forex currency to your local currency. The forex market is the largest financial market because of the massive demand of foreign currency to facilitate the massive trades that occurs between countries around the world, Since the exchange rate of currencies around the world fluctuates, then there is an opportunity for speculators to speculates on the market and the high liquidity level makes it easy to use leverage to boasts returns.

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    Always have realistic DREAMS!

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    Quote Originally Posted by musiliu View Post
    the main need of the forex market is facilitate the need for foreign currency for importation and to exchange forex currency to your local currency. The forex market is the largest financial market because of the massive demand of foreign currency to facilitate the massive trades that occurs between countries around the world, Since the exchange rate of currencies around the world fluctuates, then there is an opportunity for speculators to speculates on the market and the high liquidity level makes it easy to use leverage to boasts returns.
    personally to me,i believe forex trading is based on exchange of currency,though it more about value of one currency to another and there lots of factors that determine the movement of the value.this is why any trader willing to earn as a trader just need to learn and understand how to analyse the market.

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    Registered user nadezhda84's Avatar
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    Forex is about buying some currency when it becomes cheap and selling currency when it becomes expensive. Your ability to do this job well may give you some extra money for travelling abroad and spending foreign currency elsewhere. Of course, if you trade with foreigners, you need to exchange the currency which they pay to you to the currency which you go to your local grocery with

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