forex trading What is Forex trading?

[Suhannewaz 245]

Forex is a translation of one currency into another, also known as foreign exchange or FX trading. The average daily trading volume of 5 trillion dollars is one of the most active markets in the world.

[Jhadhasan 872]

Forex is a double-edged sword, but if you master the skills of using it, you are the winner, or you are superficial in dealing with it, so you are the loser, especially if it comes to leverage, it makes our profit grow quickly and makes our loss fast also.

[fatima123 320]

Forex means foreign currencies and commodities trading this is huge market and almost traded all currencies of the world's even low currencies also. Shares of companies also. 

[Ms.o 3322]

Forex trading is an act of exchanging one currencies in another form of currencies which where you can earn money by selling it when it increase but can lose your funds if you are wrong in predictions or analyzing.

[guatazoo 7150]

Fired is a compressed word that's expanded as (foreign exchange) that's was started a few centuries ago, and this forex exchange is used to buy and sell the currencies of different countries by the profit.

And the major players of this forex market are banks, governments, and biggest private sectors such as Coca-Cola, Toyota, BMW, Microsoft etc. Also the normal people are eligible to trade in order to got some profit in this business but they are not the major players in forex and they don't have any impact to this market.

[jacker 1095]

Forex trading is not new, it has been around for a long time, it is a form of working with currencies, is the currency conversion. It is completely profitable for users depending on how it works. There are many truly profitable pairs.

[Raqeebzy 6456]

On 12/25/2019 at 8:49 AM, Mohsinkhan said:

A standard lot is the equivalent of 100,000 units of the base currency in a forex trade. A standard lot is similar to trade size. It is one of the three commonly known lotsizes; the other two are mini-lot and micro-lot.

I asked a question in a post earlier about what a lot is, is it in anyway related to lot in cryptocurrency? And for prospect like myself who might be will to go into forex trading, is there anyhow it can be done using cryptocurrency? Thank you in advance. 

[George10 9932]

That's well clarified information about what Forex trade is and the knowledge provided is helpful in making one understand that Forex trading is the exchanging of one currency to the other physically or by the help of a broker.

[Michael0606 861]

Very good definition, forex is the currency exchange which means the change of a currency of one country to the currency of another country, added all the information they have given on the subject and the publication we are discussing.

[Calvinpriva 17296]

Thanks for the knowledge friend, in easy language we can say forex is a business for exchanging currencies for one country to another country. Forex can be done anywhere even offline, though many people though forex can only be done online. Forex is very profitable business but risk, just learn how to use forex and you can start it for your future.

[Yomose 3704]

Forex is a blending from foreign and exchange, these are money controlled by the governments of individual countries. Force trading is then mean to trade the money from one to another one. A good example is to convert dollar to euro which means you buy euro against dollar.  

[Yomose 3704]

On 5/26/2020 at 9:51 AM, DoboniAyuuii said:

In addition, in the process of conversion, forex trading can be risky because people or traders do make use it it to lose when wanted to gain. And also, forex is still more complicated than the definition. 

Forex is hard just like gold, crypto or any other trading buy learning and patience is the key to success in trading. Some people gain yearly in trading. 

[jamesvince 2389]

Forex basically known as foreign trading it means a market where we trade different currencies of the whole world, gold, silver, big organization shares and crude oil so some currencies has low volatility and some has high volatility in forex trading market. We used different brokers for forex trading purpose. 

[Crypto123 0]

10 minutes ago, jamesvince said:

Forex basically known as foreign trading it means a market where we trade different currencies of the whole world, gold, silver, big organization shares and crude oil so some currencies has low volatility and some has high volatility in forex trading market. We used different brokers for forex trading purpose. 

Well done dear this is a good description of Forex, yes it is really so but you must also mention that there are great risks in Forex trading. For me, I prefer trading in cryptocurrencies because it is much easier and less risky.

[Honny143 13612]

Your topic gives good information of forex trading, basically forex trading is foreign trading means different country currencies exchange one currency to another currency and predict the currency price,forex really risky trading platform to compare to crypto,  its gives good profit but need trading knowledge important.

[estee369 489]

Forex Trading always involves selling one currency in order to buy another, which is why it is quoted in pairs. the price of a forex pair is how much one unit of the base currency is worth in the quote currency.

[Tunuu 2235]

Forex is a business for exchanging fiat currencies. I think is one of the most online business that has many people and large amount of money traded every day. This business can make you rich or poor, so it requires knowledge to earn good with it.

[Yomose 3704]

On 1/22/2020 at 12:24 PM, Goody28 said:

Excellent write up there forex exchange have known to be profitable by international traders worldwide here currency are converted from one piece to the other in the present years it has been recorded that traders have been successful with forex trading

Also cryptocurrencies  trading is recognized worldwide. 

On 8/4/2020 at 8:24 PM, Tunuu said:

Forex is a business for exchanging fiat currencies. I think is one of the most online business that has many people and large amount of money traded every day. This business can make you rich or poor, so it requires knowledge to earn good with it.

But also, the risky aspect should be commented about to. Forced is risky and should be done with care. Using lowest amount of money as possible will be good to start. Just to let novice know. 

[BTC Future 3946]

On 12/25/2019 at 9:49 AM, Mohsinkhan said:

A standard lot is similar to trade size. It is one of the three commonly known lotsizes; the other two are mini-lot and micro-lot.

Thanks for this, although I'd like to know how many units are these? Since a lot is 100,000 units, I guess mini-lot is 1000 units? I'd like an explanation on this.