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What is foreign exchange?

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Sep 23, 2015 05:04 pm
#1
Taskin123 User

مشاركات: 8
اشترك في: 23/09/2015

FOREX — the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world.

Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates. 

Sep 23, 2015 05:05 pm
Taskin123 User

مشاركات: 8
اشترك في: 23/09/2015

Please tell your response

Mar 14, 2017 08:45 pm

مشاركات: 120
اشترك في: 05/06/2015

Forex is an absolutely thrilling business to be part of, but only if we have right method and strategy. If we are lacking on that then we will struggle. So we need to make sure we have right strategy and method to work with and only then we will be able to gain. I work it all extremely well under OctaFX. They help me a lot through small spreads starting at 0.1 pips for all major pairs and then there is also huge cash back up to 50%.

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