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    Thread: What is Forex?

    1. #21
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      Default Re: What is Forex?

      Forex is short form for foreign exchange, also known as ** or the currency market. It is the world’s largest form of exchange, trading around $4 trillion every day, and it is open to major institutions and individual investors alike.
      The aim of forex trading is simple. Just like any other form of speculation, you want to buy a currency at one price and sell it at higher price (or sell a currency at one price and buy it at a lower price) in order to make a profit.


    2. #22
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      Default Re: What is Forex?

      Forex is a business where various currency from various country, spot, metal, commodities , oil etc trade. Who are engage in this trading business they are called trader.by exchanging or buy and selling this currency, commodities and others product on this market one can make profit and loss. This business is online base business. here u can make huge earning and also can make huge loss. Before join in this market u have to learn it very well. Otherwise u can not stay here.forex is becoming so much popular business in this world and people are trying to join here. But I suggest all without proper learning and practice trade here is so much risky and hard. So learn well, practice well then join in this market.


    3. #23
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      Default Re: What is Forex?

      What is Forex? Forex is a global Financial market traded online that deals in buying and selling of different currencies ,metals,commodities cryptocurrencies e.t.c.,e.t.c. This market exchange nothing less than 3 trillion dollars daily online with no particular central location .All brokers are agents serving as medium of transactions for all clients . Mt4 is market platform where all clients/traders converge to carry out their transactions Potential traders opened trading account with different brokers of their choice and fund such account for live trading through electronic payment and bank wire methods . Electronic payment and withdrawal could be done through Bitcoin ,Perfect money ,Skrill ,Netteller e.t.c. whereas bank-wire method of deposit and withdrawal is done through visa , master-card in the bank . However ,it is needful to point out that in different countries of the world ,we have local Foreign ex- changer called Bureau-de-change .They normally exchange foreign currencies for their local currencies to facilitates payments.


    4. #24
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      Default Re: What is Forex?

      Best question what is forex trad forex trad is exchange money and currencys and exchangeing matel and many things forex means exchangeing of things and exchangeing of things is a business so forex trading is a business


    5. #25
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      Default Re: What is Forex?

      Forex trading is a global market that allows the exchange of one currency for another currencies. Forex trading can also be defined as the simultaneous buying of one currency and selling another. These currencies are traded through a broker or dealer, and these currencies are traded in pairs. Currencies pairs that contain US dollar are referred to as the MAJORS. This type of pair(major) often has the US dollar on one side, and another currency on the other side. Currency pairs that contain the US dollar are the most frequently traded.

      Forex trading is also considered a central market, because participants are from everywhere in the world. It is an online based business,it operates on the principle known as "Over-the-counter" (OTC). The forex exchange trade volume is about "five trillion dollars" number daily.


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    7. #26
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      Default Re: What is Forex?

      FOREX simple means "Foreign exchange", it is primarily a place/market that is decentralized for the buying and selling of currencies. The FOREX trading starts in the longer olden days when financial settlement of transactions were still through the gold and some other precious metals. It later that individual countries has their own legal tender (Currencies), and for transaction to go on beyond each country's border, there must be an exchange plans of currencies among the various currencies of other countries of the world in exchange for good bought and services rendered by other countries. This eventually born the "FOREX" itself.

      It is after this that inter-bank Forex trading on the paper surfaced, and it later advanced into online trading after many decades of paper trading activities. By then, it was only the rich that can participate, it was around 1998 that retail trading began to be gaining its popularity gradually. And now, the is over 6 trillion daily trading volume of forex market, it is increasing year after year.

      However, note that; for an exchange to happen, two currency pairs much be paired/matched together, (as of the cause of EUR/USD), which are the currencies of Europe and USA respectively. But in the wider context now, all financial market market assets are ignorantly referred to as "Forex trading" by traders all over the world.


    8. #27
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      Default Re: What is Forex?

      forex trading is the process of buying and selling of various world currencies in order to ar chive profits on currencies price exchange rate at the result of forex
      trading business a cross the continent .


    9. #28
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      Default Re: What is Forex?

      Forex means foreign exchange but we can elaborately that if there is exchange the foreign currencies of different countries then we can say it forex. Forex is a business of buying or selling the different currencies of different countries. Technology make it easy to exchange because now forex means a online currency business where million of traders transaction over than 5 trilion dollars in a day. There is no controller and none can control this market. The traders can trade here from any where in the world. All the Central Banks of the developed countries recognize this business and it is permitted by the international financial organizations. There is the opportunity to trade with a small invest and any one can make huge profit within a short time if they can trade perfectly.


    10. #29
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      Default Re: What is Forex?

      Forex trading is the buying and selling of currencies and this trasaction is done over the counter. The forex market is the biggest financial market in the world with a daily turnover of over $5 trillion dollars in volume which makes extremely liquid unlike the stock market. Unlike the stock market, the forex market cannot be regulated due to the large volume being transacted daily. In the past years, to invest in forex trading was not affordable and that is why it was traded by the big goons at that time but due to the rise of internet, investing in forex is affordable for smaller traders like us. Forex is highly volatile and involves a lot of risk and that is why it is very important for beginners to acquire a great deal of knowledge and the skills that will enable them become successful traders.


    11. #30
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      Default Re: What is Forex?

      Forex is simply the acronym for foreign exchange. Forex transactions involves the exchange of one currency for the other, and this perpetually goes on worldwide in one form or another. Forex trading is the speculation in the foreign exchange market, and forex traders speculate in the forex market with a view of making profits.

      However, though the forex market is open to all, a forex trader in the global forex market needs to have a computer with internet access, as well as an account with a forex broker in order to have access to the forex market. Besides this, a specialized forex trading skills and experience will enable the trader to trade profitably. Forex trading can be a very rewarding venture, much more rewarding than many alternative investments, when a trader achieves competence in forex trading.
      POSSIBILITIES ARE INFINITE IN THE FOREX MARKET, YOU CAN ACCOMPLISH ANYTHING !


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