What is Forex?

[Cryptovzla 13]

Forex stands for "foreign exchange" and is often referred to simply as the "FX" market.  While the U.S. stock market allows you to invest in companies operating within that country, Forex is an international trading market.  Rather than investing in businesses, you invest in currencies and trade one against the other, hopefully earning a profit more often than you take a loss.

 

It starts by understanding currency pairs.  This term refers to two different currencies that you can trade against one another.  This is similar to trading in your money when you go on vacation.  You may stop in at a bank or another business to convert money to the currency used in the country you are visiting.

 

When you trade on the FX market, you trade one currency for another in the same manner.  You just don't have the currency in hand to make those trades.  All trades are conducted quickly through your computer, smartphone or tablet. Whether you trade through a computer or mobile device will depend on your choice of trading platform.

[khan22 3478]

Forex market is a good and famous market in the world and this time all the market is moving so much fast and good and almost forex market is run through the currencies and almost great good countries currency are there and peoples will start to trade on that.

[Syedbesharat 5423]

Before crypto ,forex market was best for earning you can earn more from little invest from forex .But now in crypto you can earn more easily and  liquidation of assets is not problem in crypto.But forex is still best for earning.

[Harris123 281]

Forex is a trading platform.You can make money from this platform.The short meaning of forex trading is when you go to a country for visit.But you have your own country's currency.So you have to change the currecny according to that country.This is known as forex trading

[Kusumo234 400]

Forex trading is an activity of buying or selling a foreign currency pair, where we will look for opportunities from the difference in price when making buy or sell orders, so the logic is, when we see the pound will strengthen then we will make a buy option, where we buy pounds by selling  usd, and likewise when there is an indication of weakening in the pound, then we will look for a sell option, where we sell pounds by buying usd.

[Kusumo234 400]

In forex trading, it can actually be done directly through a foreign exchange where we can find it in big cities, but it will take a lot of time and capital because it does not use leverage and margins, therefore forex trading is easier and cheaper to use services  a broker.

[Suhannewaz 245]

The trade of foreign countries (Forex) applies to the exchange market. It is the aggregate economy in which the world's foreign currencies are traded. It is known as the world's biggest and most liquid economy.

[khan22 3478]

On 1/8/2020 at 11:39 AM, Digicoin said:

Forex is one of the ways to make money easily but in the process, someone can lose easily. It is good to be patient and follow trading rules while trading. 

In forex market money losing is the most chance because if we are not going to analyse the market correctly the its mean that we are not able to trade in the forex market and one thing more that in forex market money management is the most important thing.

[Kusumo234 400]

@khan22 when discussing forex trading through a broker, it is certain to be faced with many advantages, such as one of leverage and margin, behind the ease there is certainly a sharp knife that can hurt us at any time, so we must pay close attention to risk factors.

[khan22 3478]

On 1/3/2020 at 8:38 PM, Syedbesharat said:

Before crypto ,forex market was best for earning you can earn more from little invest from forex .But now in crypto you can earn more easily and  liquidation of assets is not problem in crypto.But forex is still best for earning.

Now this is the time that forex is  great market where we can make good money in it an also we can trade in it any time, just because of two days we are not going to trade in the market because on that time market is closed but the other days we trade easily in the market. 

[Yanadia 1517]

Yes, forex trading is more risky than crypto trading.  The factors of natural disasters and inflation are very influential in forex trading in contrast to cryptocurrency trading because it is global and descentralized although it is very volatile crypto trading is only actually easier to analyze.

[khan22 3478]

On 1/18/2020 at 1:27 AM, FlyWithHani said:

hello, forex is a worldwide market such as crypto one but the Capitalization of forex is much bigger and you trade countries currencies in it like USD . EUR . GBP etc...

crypto market is small and new compared to forex. best wishes 

In forex market now at the currencies already working now the crypto market is also added and we can trade on these currencies at the saturday and also on sunday means if we want to trade on ll the week than we can trade on the market and this is the bets step of forex market for us.

[Sourav43 106]

On 1/3/2020 at 8:34 PM, Cryptovzla said:

Forex stands for "foreign exchange" and is often referred to simply as the "FX" market.  While the U.S. stock market allows you to invest in companies operating within that country, Forex is an international trading market.  Rather than investing in businesses, you invest in currencies and trade one against the other, hopefully earning a profit more often than you take a loss.

 

It starts by understanding currency pairs.  This term refers to two different currencies that you can trade against one another.  This is similar to trading in your money when you go on vacation.  You may stop in at a bank or another business to convert money to the currency used in the country you are visiting.

 

When you trade on the FX market, you trade one currency for another in the same manner.  You just don't have the currency in hand to make those trades.  All trades are conducted quickly through your computer, smartphone or tablet. Whether you trade through a computer or mobile device will depend on your choice of trading platform.

Your information is very useful. Thank you so much for sharing this information with us.

[Harris123 281]

Forex is the best trading market in the world.Forex trading involves five trillion dollars if trafing in the daily basis.So there is a large number of people who trades in this market.

[ShakilA 373]

Forex is one of the trading platform.We can make trading with Forex.Forex trading is more profitable way to make money

[Labanya 1]

Yes, it is a good site. It can be sweet. Many people pay for their education with money. Many use it and they are selfish. Everyone needs to know.

[Goody28 259]

Forex trading is a trading platform where currencies are used in trading  it's of high cost because you will need huge capital to start with and it's risks are uncountable

[kadayakito 765]

The forex market is a market worth paying attention to and it is the best and most popular market today, you can make money from here or exchange money.

[Sapdrx 469]

Forex is an abbreviation of Foreign Exchange meaning you can exchange currencies like USD against EUR. Some forex platforms also support crypto pairs (see e.g. eToro).

[febriyana 934]

Yes that is right. Basicly that is only theory about Foreign Exchanges. In my opinion doing trading in Forex is taking much time and more complicated than doing trading in cryptocurrency. Because in Forex you need learn many thing for example leverage, stop loss, take profit, etc. Also you need know about technical analysis, that is sure will waste your time if you not focus on it.

[Nayem Hasan 57]

Yes that's right  Basically this theory about foreign exchange takes a lot more time and complex time than just trading cryptocurrency in Forex in my opinion.  Because you need to learn a lot in Forex such as for example profit, stop loss, gain and so on.  You also need to know about technical analysis, it is certain that if you do not concentrate on it you will waste time. And you will not be able to work.  Again, posting something immoral in the wrong way can even close your account.

[Ogunsola Alex oluwadare 9]

Forex is all about currency exchange to make profit. Once you understand foreign currency the way it move then u are good to go

[Imran Ahmed 11]

The Forex market is the best earning for earning you more than a little investment from forex. So you have to change the currency according to that country. This is known as forex trading.

[Jhadhasan 872]

Trading currency pairs is different from trading stocks and trading cryptocurrencies that it has high liquidity and rapid price movements, do not pretend that earning money in this market is easy, so we have to consider that the loss of money may be quick

[noor job boy 77]

Forex trading is a more profitable way to make money. One of the forex trading platforms. We can trade with Forex.