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    Thread: What is Forex?

    1. #11
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      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 (European currency), while simultaneously selling USD (American currency), can be abbreviated EUR / USD.....
      In the shadow of a layman, understanding of forex trading is the activity of exchanging money in Money Changer, which is trading and buying 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 done done online with the aim of obtaining profit only. Need to be understood, forex trading is a business activity, investment, even can be a profession......


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    3. #12
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      Forex is a short term of Foreign Exchange. In this market business, there are selling and buying orders. This means, if some traders buy a currency, there will be who selling the currency. So, if they choose the right position, they will make money from this business. You need to always care with this matter since the best position on the market will influence your trading result. I hope and want to see that you can make good income from this business. Yes, Forex is the highest risky business and you need to accept this reality when you enter this business. Always fulfill yourself with knowledge and good trading skill.


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    5. #13
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      'For' means Foreign and 'Ex' means Exchange, with one word forex means Foreign Exchange which is exactly Foreign Currency Exchange. That is with base currency taking USD authority make different pair like EURUSD, GBPUSD, AUDUSD, USDCHF etc made with different countries pair and there will be an option to put buy and sell and you can get some profit with buy and sell. That is Forex, but now a days its also have added Indices, Metal and crypt currency etc which calculated with USD as base currency.
      Now We may call forex as Share business, that you can join with share business if you have lots of money and you are too much interested to join with that. You may buy Facebook share, Microsoft share, Apple share etc, thinking that if you can join with these you will be elite person and can ask people that you are doing business with Apple, Just kidding.
      With all of these, We can call Forex as share business but its specially for Forex Currency Exchange that you just bought few AUD and some days later it increased and you get profit,


    6. #14
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      Forex is a shortcut to ( Foreign exchange money ) and it have most of the world currencies as EUR - USD - JPY - GBP ...., etc but all these currencies we have it in pairs because the trading need us to buy or sell one currency against the other currency so we see the pairs of the currencies as the following :

      EUR/USD - GBP/USD - USD/JPY ..... ETC

      So when we say that we will make buy trade in EUR/USD pair this mean that we will buy the EUR currency against the Usd currency so when it moves up this mean that Eur value increased and usd value decrease against the Eur .

      And when we make sell trade this mean that we sold Eur against usd currency so when the market move down this mean that eur value decreased against usd value .
      and this is every thing in Forex market we make buy and sell trades for the pairs that we choose it depend on our analysis and also we can buy or sell other commodities as Gold - oil .... etc


    7. #15
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      Forex trading allows you to speculate on the changes in currency strengths over time, trading currencies and buying or selling one against the other. Forex traders seek to profit from fluctuations in the exchange rates between currencies, speculating on whether one currency's value, like the pound sterling, will go up or down in relation to another such as the eur.
      When trading currencies, you can speculate on the future direction of the market, taking either a long buy or short sell position depending on whether you think the currency’s value will go up or down.

      The Downside Of Forex Trading
      The dark side of high leverage is high risk. and the fact that we can loose all our capital in the market


    8. #16
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      Forex is online business where people who want to participate forex business must have internet connection first, forex is called as foreign exchange market and forex is the largest online currency market in the worlds. Inside a forex business there is a trader, what a trader do in the forex business is buying and or selling the currency pairs. By using digital money (we must exchange first our real paper money) we can have own trading accounts and start to trade in the forex market. If a trader have a right position with the market movement then that trader will earn profit, a trader will face loss if they in wrong position. Forex is almost similar with gambling but if you already know it then you will denied forex is a part of gambling.


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    10. #17
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      Forex is a huge global platform for buying and selling currencies from different countries.
      On this platform, everyone has his own functions and rules. Who are they - participants of the forex market? Here are the main ones.
      Central banks manage and control the state of their country's currency and are engaged in buying foreign currency in order to stabilize the national exchange rate.
      Private (commercial) and investment banks are organizations which create basic movements in the market.
      Legal bodies are international trade companies, brokerage companies, hedge funds, etc., which form the applications of companies and provide stable volumes in the foreign exchange market.
      Individuals are you and me or anyone who wants to trade in the forex market, but we will do this through brokerage companies or banks.

      The forex market works round the clock, except for weekends and holidays.
      It should be noted that there are several trading sessions on Forex: Pacific, Asian, European, and American.
      During a certain session, most of the participants in a particular part of the world join the work.

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      Today, anyone can trade in the forex market simply by installing the MetaTrader4 platform on his/her computer or using the application on mobile devices.

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      Work in the forex market and its advantages in brief:
      - you can trade without leaving your home;
      - the registration as a trader now takes only a few minutes and is carried out remotely;
      - you can make any currency transactions, even at the international level;
      - high volatility of trading;
      - the possibility of trading with the help of a leverage;
      - a low "entrance threshold" to start trading.


    11. #18
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      Forex is the shortened form of foreign exchange. the exchange here between all the countries deals with all manner of goods, commodities of which currencies are a part.
      In the context of forex trading as it is widely known; it is an over-the-counter market in which the foreign currencies (e.g Great Britain Pound, Euro, United States Dollar to mention but few ) of the world are traded. It is known to be the largest and the most liquid market in the world with the pools in trillions of dollars available on daily basis
      The conditions for becoming traders are not stringent and there are enough brokers involved (with their activities well regulated by the appropriate bodies. An individual, a corporate body, institutions and the governments are allowed to get involved


    12. #19
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      Default Re: What is Forex?

      Quote Originally Posted by GhostMode View Post
      What is Forex?
      Forex is a foreign exchange currency market. It's a trading business. It's a world wide business. It's open for 24 hours in 5 days. In Forex market, people buy or sell currency pairs. There are almost 180 currency available in Forex market. But most of the Forex broker will offer you to trade with 70-80 currency pairs. There has major, minor and exotic currency pairs. There also have metal and oil for trading. In stock market we can get profit if the product price increase. But in Forex market we can earn from both side. If you buy a pair then if the market moves upward then you can earn money. At the same time if you sell a pair then if the market moves downward then you can earn profit. It is such a business where you can trade at any time and from any places in the world. You don't need to worry about going outside of home. Student, service holder, teacher and even an unemployed person can become a Forex trader.


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    14. #20
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      Default Re: What is Forex?

      Forex is market where currenies are being sold and bought. Forex market deals with currencies alone and it is different from other markets where various commodities and instruments are being traded. Forex market has a capital base of over 5 trillion dollars and it has traders from all around the world. Forex has no central location where it is being controlled and it is open for 5 working days every week. Forex requires learning it properly before someone can delve into it. It is not gambling where someone can just predict blindly. Trading forex requires a basic knowledge about it which runs through a learning curve. Forex market has 4 basic categories of its traders. The central banks and governments, the commercial banks, the hedge funds and the retailers. Majority of the traders are retailers and they can trade either through technical basis or fundamental basis.


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