What is Forex trading? - Page 2 - Forex Trading - CryptoTalk.Org Jump to content

Recommended Posts

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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. 

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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. 


My Altcointalks username —° Raqeebzy

 

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.


Time is the ultimate weapon!

Share this post


Link to post
Share on other sites

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.  

Share this post


Link to post
Share on other sites
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. 

Share this post


Link to post
Share on other sites

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. 

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

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.


 

   

Share this post


Link to post
Share on other sites

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.


■   ■   ■   ■   ■   ■     PEER-TO-PEER MULTI-BLOCKCHAIN SYSTEM     ■   ■   ■   ■   ■   ■

 ━━━━━ ━━━━ ━━━ ━━ ━    Free TON    ━ ━━ ━━━ ━━━━ ━━━━━━

|► DECLARATION OF DECENTRALIZATION |   FORUM   |   TON SURF   |► BECOME AN AMBASSADOR |

 

 

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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. 

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • Актуальные курсы на 28.03   🇵🇱 ВАРШАВА 🇵🇱   Покупаем Ваш Tether (USDT).   💸Доплатим Вам 0.7 за $. 🏦Выдадим наличный $, €, PLN. 🏢Центр, свой офис, личная встреча, без предоплат. ♻️Денежные переводы по всему миру! 🌍 💰Работаем с любыми объёмами.   За деталями - пишите Менеджеру 🧑‍💻👉 в телеграм  @PLsmartgroupp
    • Кто знает, может будет дроп или айсио говорят. На этом бирже нужно иметь хорошее терпение и все). Этот запись от чата биржы. У меня тоже есть на телеграме этот чат. Копия биржевского чата. Биткоин пока на росте постепенно. До халвинга около 80к будет наверно.  
    • Уважаемые пользователи!   На сегодня курсы: Покупка: +2.5%(Вы отдаёте 10000usdt, получаете 10250$) Продажа: -3.2%(Вы отдаёте 10000$, получаете 9680usdt)   Так же существует бонусная программа для постоянных клиентов и партнеров   Напоминаем о перечне наших услуг: -Покупка/продажа USDT за наличные -Перестановка наличных по всему миру(50+ стран) -Приём/выплата SEPA, Wise, Revolut, Payoneer, Capitalist, PayPal, -Приём/выплата грн на карту за USDT   Мы находимся на всех известных мониторингах: Bestchange, ExchangeSumo, bits.media, Wellcrypto, Scanbit и прочих   Все заявки оформляются через наш сайт Cashflow.best По всем прочим вопросам обращайтесь в службу поддержки на сайте или телеграмм
    • Сообщается, что основанная Джиханом Ву компания Bitdeer, занимающаяся майнингом криптовалют, ищет 100 миллионов долларов для наращивания своих мощностей по добыче биткойнов. Bitdeer Technologies Holding, компания по добыче биткойнов , основанная Джиханом Ву , как сообщается, ищет финансирование в размере 100 миллионов долларов для расширения своих возможностей по майнингу, как стало известно Bloomberg. Согласно отчету, сингапурская компания намерена использовать средства для расширения своих мощностей по добыче криптовалют, особенно в преддверии ожидаемого в апреле четвертого сокращения вдвое , что приведет к снижению вознаграждений за майнинг. Однако оценка компании после раунда финансирования остается неясной, поскольку обсуждения продолжаются, а детали финансирования могут быть изменены.   Основанная в 2018 году, Bitdeer публично торгуется на Nasdaq под тикером BTDR. На момент написания компания не делала никаких публичных заявлений относительно продолжающихся обсуждений финансирования. Переговоры о финансировании совпадают с приближением четвертого халвинга Биткойна, в результате которого вознаграждение за майнинг сократится вдвое с 6,25 BTC до 3,125 BTC в середине апреля. Сокращение потенциально может повлиять на прибыльность майнинговых предприятий, особенно для небольших компаний. Более того, помимо халвинга, майнеры сталкиваются и с другими проблемами. Как ранее сообщали СМИ, одобрение спотовых биткойн-ETF предоставило традиционным инвесторам альтернативный способ выхода на рынок криптовалют, заменив их зависимость от криптовалютных акций майнинговых компаний в качестве прокси для получения доступа к биткойнам.
    • 28.03.2024 Тарифы Kingex 👑   Покупка криптовалюты / Buying cryptocurrency:   BTC/ETH  +1.5% (Мы доплачиваем) USDT  +1.5% (Мы доплачиваем)   ^^SALE^^ от 50k    + 1.7%    Продажа криптовалюты / Selling cryptocurrency:   BTC/ETH  - По Запросу USDT   - По Запросу   Оператор: @Kingex Сайт: Kingex.io Курс на протяжении дня может меняться! ------------------------ Будьте ОСТОРОЖНЫ, появились фейки! Наш телеграм: @Kingex
    • Cryptolavka.com is a reliable exchange service designed for those who want to quickly, securely, and at a favorable rate exchange cryptocurrency online! The exchange operates 24/7 in automatic mode, without registration and mandatory verification - we value your privacy! We monitor the cleanliness of crypto through the AMLbot service.Cryptolavka works with the following cryptocurrencies: Bitcoin (BTC) Ethereum (ETH) Tether (USDT) Litecoin (LTC) Monero (XMR) Tron (TRX) Dogecoin (DOGE) Binance Coin (BSC) Bitcoin Cash (BCH) Solana (SOL) Dash (DASH) Matic (Polygon) Toncoin (TON) USDT Coin (USDC) Avalanche (AVAX) Cryptolavka works with the following banks: Sberbank Humo UzCard Cryptolavka works with the following electronic payment systems: Yandex Money (temporarily under maintenance) In the near future, the number of directions will increase!Advantages of Cryptolavka service: Low commissions Pleasant exchange rates 24/7 exchange High processing speed of applications, due to complete automation No registration and user verification required Cryptolavka on monitors: Bestchange KursExpert Crypto.ru The number of monitors is expanding, and we are also open to cooperation!Cryptolavka on reviews: Etorazvod Trustpilot WOT Mentions in online media: Crypto.ru Profinvestment Coinspot Cryptolavka Affiliate Program:Users have access to a single-level affiliate program, where you will receive 20% of net profit. Increasing the size of the affiliate reward is negotiated individually.Our contacts:Website: https://cryptolavka.com/Email: info@cryptolavka.comSupport on Telegram: https://t.me/cryptolavka_help
    • Increased Rain ☔️   We have some Easter treats in rain form 🐰   Get your umbrellas out and be sure to catch some rain for yourself over the next few days! 🌧
    • По-разному бывает. Я точно не помню уже названия, но несколько шитков максимальную цену имели как раз не на моменте старта, а примерно через пару дней, так что не все под одну гребенку надо делать. Главное, что зарабатывать можно)
    • Да, и это справедливо. Т.к. быть среди лидеров - очень тяжело и рискованно. 😎 Первая задача, то там насколько помню по кнопке Go переходит на бридж (мост), где нужно поменять тестовые токены ETH Sepolia на MINT? ETH Sepolia можно запросить на кранах, ввести запрос в гугле и найти подходящий. У меня они просто уже были на кошельке. Вторая задача только для тех, кто купил их NFT. Кстати, она сейчас стоит 0.318 ETH = 1100$, это к слову о лидерах, почему у них столько баллов. 😎  Сейчас их не перекинуть, ждем дальнейших анонсов. Возможно эти баллы сразу будут влиять на получение эирдропа MINT. 
    • Хороший обменник, как попадаю на него - так нет тревоги,один из не многих где проходит Сбербанк на покупку без блокировок.Все быстро, с курсом не играются все честно. Единственное что нехватает, это накопительная скидочка постоянным клиентам.
×
×
  • Create New...