What is Forex?...Wanna know ...Here it is ...

in #smartcryptotrader7 years ago (edited)

Most of you might be heard the word "Forex". Some of you might also know huge about it. But my article is for those who don't know much about it or still on some confusion.

Simply, Forex is trading one currency for another. For example, the currency of USA is USD and the currency of Japan is Yen. So, what you do is, buy usd with some Yen or sell yen in return for usd. It is that much simple. The theme is the buying and selling of one currency with another. The important factor is all the buying and selling things will happen on the online platform. So, simply you can do the trade just sitting at home.

So, I hope you got the basic concept of what the forex mean simply. Later I will discuss about the platform where you can trade the forex and which broker will be good foryou choose for trading.So, stay tuned with me. Lets work together.

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Forex is the largest and most liquid market in the world. Once upon a time only banks and huge financial institutions were able to take part in the market but now we all common man could trade from the comfort of our home. Good to see you breaking up the information and giving it rather than giving it as a large chunk. Thanks

yaah ..bro ..I am just focusing on the newbies and coming up with more articles....stay tuned and lets work together...

This is a great field! Can we exchange trading signals and upvote? :D I am a Day trader.

sure.....we can do it together ..steemit is the platform of working with each other ...

Thanks for the info, now i know what forex is, would love to know how to trade too.

Yaah ...sure ..I will publish more article on a series ....stay tuned with me ..it will be very helpful for the newbies

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