Introduction to Forex
Forex trading can help you to earn lot of money. "Forex" is the short form of Forex Exchange.
It is also referred as "Spot FX" market. Forex market is considered one of the biggest markets in the whole world.
Forex trader buy and sell world currencies, thus earning profit from the difference, between the exchange rates. Forex trading can definitely yield high profits. Anyone can do Forex trading via Forex brokers. Forex market mainly consists of currency traders that speculate on fluctuations in exchange rates. Currency traders take advantage of even the slightest fluctuation in exchange rates.
Currencies are always traded with one another. Each and every pair of currencies constitute a
product and is noted XXX/YYY. Here YYY is a currency that is always expressed in XXX currency. In addition, XXX and YYY are 3-letter international codes of the respective
currencies. For instance, EUR/USD means euro expressed in US dollar, as 1 Euro= 1.2045 dollar.
Exchange rate fluctuations are caused by monetary flows and anticipations on global economic conditions.
No comments:
Post a Comment