What is Forex

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  • #2194
    Kiaria Yoshida
    Keymaster

    Forex means the Foreign Exchange Marketplace where you can trade currencies. In order to conduct trade and business, currency needs to change hands. Let us take an example. Suppose you are living in India and want to purchase a perfume from France. So it would be considered as an import and either you, or the company that you buy the perfume from is compelled to pay France in Euros. It implies that the Indian importer of the perfume has to exchange the equivalent amount of Rupees into Euros in order for the exchange to take place. Similarly, if you’re travelling abroad, your local currency is of no use there because it will not be accepted, you need to convert your currency based on the prevalent exchange rates and that is done via Forex. The Forex market is actually the largest marketplace you can ever find in the world. The currency market eclipses the stock exchange market several times over.

    #5135
    davidphan
    Participant

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    #5608
    JoeDobbin
    Participant

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    #5611
    JoeDobbin
    Participant

    Generally, Forex is a Foreign exchange market is where banks, governments, businesses, investors and traders come to exchange and bet on currencies or we can also say that it’s a decentralized global market where the world’s currencies trade. Are you also fascinated to know about Forex Trading? If yes, then you can visit https://www.volumefx.com/!

    #7028
    Somerer
    Participant

    For financial operations and calculations, I recommend a good tool from https://instaforex.com/, there’s also a handy currency converter, which I use every day.

    #10334
    Jimy Anderson
    Participant

    ou can earn money from various sources , but In Forex you have to pass a long time with great patience if you want to earn mney from here, and you have to ensure a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.

    #11129
    Rob Dowel
    Participant

    Forex is also known as foreign exchange. It is a decentralized global market where all the world’s currencies trade. The forex market is the largest and most liquid market in the world. When a new trader wants to start trading in forex market he should follow some rules. His first duty is to find a suitable broker for trading. As a trader I choose TP Global FX as my broker for their easy trading methods, low spreads and dynamic leverage.

    #12433
    Robert
    Participant

    Forex market is a place of losses. Loss is a must thing in this market. A trader doesn’t know what will happen in future. So, when he is going to place a trade, he should think about the losses he may face. Before starting the trade he should make his exit strategy. He should plan that how much he can afford losses, when he should exit from the market. I am also a trader of Tpglobalfx. I always make my exit strategy before I enter into the market. My broker helps me to make my loss affordable by stop loss.

    #13650
    Jimy Anderson
    Participant

    In Forex there are some mandatory things we the traders always have to observe, if we want to ensure a successful trading life. The first thing, acquiring proper trading knowledge by learning. for that reason we can choose a broker which at all times make sure best trading environment for acquiring proper trading knowledge by providing exclusive educational facilities . it would be great to be a knowledgeable trader rapidly.

    #18674
    Ivan Dame
    Participant

    The scalping strategy is short-term trading, so you are expected to earn 8-12 pips in trading. Small price movements are easier to trade with the scalping strategy. Moreover, small movements occur much more often than large movements. Traders can make smaller profits, even if the market is less volatile. But you need to have more information about the market in scalping.

    #21100
    Christiano
    Participant

    Forex is the most popular online platform to earn money. Many people earn money from this market. But this is a risky platform. you can lose your money in this market if you have no knowledge about this market. If you want to start trading in this platform you need to choose a regulated broker like Forex4you. after choosing a broker you need to make a profitable plan to make money from this market. A good plan can make you rich in this forex market.

    #22523
    Manfredo Trentini
    Participant

    Forex means a market where you can trade your currency and earn a good number of profits. if you have the knowledge you can earn a very good number of profits from the forex market. I trade with Eurotrader and I am earning a very good number of profits. It is a very reliable broker. I would suggest to anyone this broker for earning a good number of profits. They offer minimum spread and maximum leverage.

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