What is forex .
This is the buying and selling of currencies.
Forex is the abbreviation of foreign exchange.
Market participants include Banks, Hedge Funds, Governments, and high net-worth individuals.It is about three times larger than all of the stock markets in the world combined.
In the stock market, you are trading individual companies. In Forex, you trade whole economies.
Individuals that do not trade Forex for banks, hedge funds and other financial institutions (i.e. people like you and me) are known as retail traders.
Forex it’s the world biggest market trading about $5 trillion a day. It basically includes all aspect of buying and selling and exchanging of currencies at present or computed prices.
The foreign exchange market assist international trade and investments by enabling currency conversion..
It’s a zero sum market, meaning we need loser to make winner.Guess what!, it involves zero, I mean absolutely zero, zero guessing.
It’s a business and not gambling. If you want to gamble, go to the casino. It is not a hobby to say, it’s a proper business where you are your own business owner.
Be very serious and diligent in forex, you will succeed, not immediately but definitely. It needs only consistent and commitment like any other business.
Further its not a “ get rich quick scheme”, if you want to get rich very fast, like prior said, just go and gamble in Casino or Betway…
According to my study of most successful traders, it takes the minimum of 1 year for many traders to start being profitable. 1 year it’s the minimum it can take for you to comprehend forex well and start earning
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