What is Forex?

Hello respected friends, I hope everyone will be fine, I want to start the forex trading business or you can say I want to join this system. So please I am not aware about this system please can somebody tell me what is forex, and how can i start it?

There is this thing called Google

You should try it out

Forex trading is the act of simultaneously buying one currency while selling another, primarily for the purpose of speculation.

Some people doing Forex trading as business but most of people doing as hobby. What about you?

You better click the ‘School tab’ just above your post.

Forex is a trading system. Which is used to describe currency trading or trading in the foreign exchange market.

1 Like

When it works, Forex (foreign exchange) trading engages in arbitrage dependent on the changing values of various currencies. Some of the safest investing strategies take benefits of arbitrage, the process of using known gaps in price and value between regions in order to make a profit on the difference.

I am all for the use of arbitrage. It makes very good sense.

Forex trading is a currency business. we can be called online trading business where we can make profit in an simplest way.

Forex trading gives us an chance to trade without much complications.

Forex trading is the means through which one currency is changed into another. When trading forex , you are always trading a currency pair – selling one currency while simultaneously buying another.

These threads crop up from time to time and are often fun.

For example, what if I said there are traders out there who think that when they open an account in USD and they buy EUR/CHF, some of their US Dollars are converted by the broker into Swiss Francs which are then sold in order to buy some Euros. And when they close the position, the Euros are sold and the buyers pay for them in US Dollars and that’s what ends up in their account.

In the simplest terms, forex trading is the process of buying and selling currency pairs. To start with, you can join the school of pipsology. The course will help you understand the basics of forex and you will get to know what strategies can work for you and which ones you must avoid.

Forex is also known as foreign exchange or FX trading. It’s the exchange of one currency for another.

…which is what the banks are doing but which is exactly not what we are not doing.