What is Forex ?

in #forex6 years ago (edited)

Forex Key- If you travel abroad, you will have to go to the stamp of exchange or exchange at the airport, to convert your currency to the monetary currency, the country you are traveling to, the currency of the country.

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When you go to the currency exchange stalls, you will see the rate of exchange rate of different countries on a screen which is always variable, instead of the dollar, when you convert money into Bangladesh, instead of $ 1, when you convert money to Bangladesh, you get 80 dollars instead of one dollar. The matter may be very happy to you. Suppose you have $ 100. So you can remember that you now have many Bangladeshi money but when you go shopping you will see that after purchasing a few items all your money is over.

Whenever you exchange or exchange, you enter your forex trading or currency exchange market without knowing you or accept the share. Instead of the currency of one country you receive coins of another country. Forex Trading Quantity You purchase a country's currency and sell coins of another country.
Suppose, if an American comes to visit Bangladesh, then he has to convert all his dollars into Bangladeshi money. Then he will sell his dollars and buy Bangladeshi money. When Bangladesh travels back to Bangladesh after the end of the journey, then he will have to convert the Bangladeshi currency to the dollar again. Then he will have to reverse it exactly as he has to buy dollars and sell Bangladeshi money.

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