What Is Forex ?

in #trading • 8 years ago

Forex is trading currencies from different countries. This Forex is short for Foreign Exchange. An example of forex trading is buying Euro (European currency), while simultaneously selling USD (American currency), can be abbreviated EUR / USD.

In the shadow of the layman, forex trading is the activity of exchanging money in Money Changer, trading and buying foreign currency manually done through money changer. In fact, forex trading is different from manual transactions like in Money Changer. Generally, the purpose of someone to buy and sell money in Money Changer is because of the need to exchange currency to transact in a country.

While forex trading done done online with the aim of getting profit. Need to be understood, forex trading is a business activity, investment, even can be a profession. Online Forex trading with the purpose of gaining such benefits is done by broker forex broking.

8 years ago in #trading by
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