Forex Trading 101
Let's start with the obvious question: "What is Forex? " - Forex is short for "foreign exchange"; "for" from foreign meets "ex" from exchange and they have a baby named Forex. Genius. Forex trading is when you buy one currency and sell one at the same time. The currencies will be traded in pairs like Euro-US dollar (EUR/USD). All these fancy transactions will happen via phone or electronically. Many people ask "why trade Forex? " and the answer is pretty simple. First it requires less start-up when compared to stocks/futures meaning you can get started quicker (less money to save). Then there's always the fun fact that trades are happening 24/7 and there's a daily turnover of roughly 3. ...
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