What is forex trading exactly?
- This topic has 5 replies, 5 voices, and was last updated 1 year, 10 months ago by
Zaz Green.
- AuthorPosts
- January 21, 2021 at 8:03 pm #516
Cole
ParticipantI am pretty new to all of this, and it got me thinking, what exactly is forex trading? I feel if we have a topic to address this exact question, it would stop others from making this same topic in the future.
I came here to learn after all. 🙂
- January 21, 2021 at 8:14 pm #520
Franky
ParticipantIt’s essentially the trading of foreign currency. It’s kind of like when you go to another country and they give you their currency to use. You may end up getting more money to use in said countries, so that’s why people do forex trading.
I haven’t really done it much, but wouldn’t mind giving it a try one of these days.
- January 27, 2021 at 11:04 am #878
D.Feder
KeymasterHi,
So, as Franky said, it is trading one currency for another currency. When you travel from the U.S. to Europe, you sell Dollars and buy Euros. When Japan buys wheat from the U.S., they sell Yen and buy Dollars.
The Forex market is the biggest in the world, and becuase it is always daytime somewhere, the market is always open on weekdays, 24/6.
About 15 years ago, the forex market opened up to retail traders looking to speculate and make money. Most people lose money as they do not understand what they are doing. The 2 major reasons for failure is poor money management and greed. But if you can conquer these 2 issues and get a good broker, you can make some serious coin. - February 11, 2021 at 7:21 pm #1243
J.W.
ParticipantHow much margin should one use when trading?
- February 1, 2022 at 9:20 am #24150
Zaz Green
ParticipantI often hear a question from colleagues at work – why do you need a crypt if you have a stable job? There is work today, but there may not be tomorrow. Reduced, closed the company, fired. Anything can happen. And here the best crypto bot strategies, already configured for me, will come to my aid, due to which I already conduct not a single transaction with the maximum benefit for myself.
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