What is Forex or Foreign Exchange?

Forex is an acronym of the term in English "Foreign Currency Exchange" and is also known as the FX market or the currency market. For starters, the foreign exchange market is the world's largest financial market. Every day four trillion dollars are traded in different currencies around the entire planet. This makes it the most liquid, attractive and lucrative market in the world. The exchange rate is constantly influenced by the major events of the world economy, but also by political events even external factors such as weather, natural disasters, and even terrorism.

As the Forex market works?

The FX market can buy and sell currencies so as to profit from the differences between exchange rates.

Foreign exchange transactions is very simple, since the procedures are basically the same as when operating in any financial market.

Investing in Forex is easy for anyone who has already participated in other markets. And for beginners there are also good opportunities to learn as operating in the currency market.

How to start trading Forex?

The first step that is recommended to start trading in the Forex is open a free account with a Forex broker.

  Most brokers allow you to open a practice account with money from practice or play money. Thus a person who wants to trade Forex can practice and develop their skills as an operator before opening an account with real money.

Those who feel ready to start trading in a real way should apply to open an account with a Forex broker.