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Thread: What is Forex?

  1. #1
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    What is Forex?

    What is Forex? Are there some traders?

  2. #2
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    The foreign exchange market is the "place" where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business.

  3. #3
    The Foreign Exchange Market - also known as Forex or FX - is a global market for currency trading. The foreign exchange market determines the relative values of different currencies. Here is a good info for you https://www.avatrade.co.za/forex/what-is-forex with video.

  4. #4
    Trading game has significantly changed since crypto currencies rushed into economic picture of the world (here the latest info on this topic https://blockchain.intellectsoft.net...iness-demands/ ). If you want to be successful in trading, you should also consider tendencies in blockchain world, they influence currency trading much.

  5. #5
    Junior Member
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    Feb 2018
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    Forex is an international financial market. Sometimes traders are called Forex currency exchange. But Forex isn’t exchange. This is an international over-the-counter market. It is not tied to a specific place of trading, as it is a virtual market, the participants of which can make currency transactions, cryptocurrency signals from anywhere in the world. Another difference from the Forex market is the relatively small amount of funds needed for trading. Forex trading or trading is carried out by currency pairs, in which one currency acts as a commodity and the other as a means of payment for this commodity. The most common currency pair is euro / dollar (EUR/USD). This means that euros for dollars are bought and sold. It is necessary to understand that trading on Forex is carried out with significant amounts, usually equivalent to $ 100,000. Therefore, in order for an ordinary person to enter the Forex market, a dealer or broker is needed, which provides the so-called leverage to the trader, additional funds for trading.

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