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What Is Forex Trading And How Does It Work? by Johnaffiliates: 3:47am On Nov 06, 2022
Forex trading is a skill that once mastered, you can make money from it anyday and anytime without sayinga word to someone. It is that lucrative and it can be likened to you having a blank cheque where you need daily while trading but first, what is forex?.
Forex simply stands for foreign exchange. Foreign Exchange (forex or FX) is trading of one currency for another.For example, one can swap thye U.S. dollar for euro.
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies.
This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
In terms of trading volume, it is by far the largest market in the world, followed by the credit market.
Key characteristics of Forex.
1. It is the largest online market
2. It is easy to start and cheap.
3. Anybody can trade forex
4. Anybody can learn the skill and make money from it.
5. It doesn't consume time
6. There is no limit to your income
7. It operates 24 hours
With these characteristics, if you are not in forex, you are missing money. That's just the truth.
Let's look at advantages and disadvantages.
ADVANTAGES
1. Flexibility
2. Leverage
3. Accessibility.
4. Source of income
5. Few fees and commission.
6. Zero tax
7. Automation.
DISADVANTAGES
1. Potential losses.
WHO IS A FOREX TRADER?
A FOREX TRADER SIMPLY TRADES FOREX.
But read further.....

A currency trader, also known as a foreign exchange trader or forex trader, is a person who trades, buys and/or sells currencies on the foreign exchange.
But read further.....
A currency trader, also known as a foreign exchange trader or forex trader, is a person who trades, buys and/or sells currencies on the foreign exchange.
Currency traders include professionals employed to trade for a financial firm or group of clients, but they also include amateur traders who trade for their own financial gain either as a hobby or to make a living.Currency traders include professionals employed to trade for a financial firm or group of clients, but they also include amateur traders who trade for their own financial gain either as a hobby or to make a living.
Why should you trade forex?
1. Because everyone is in forex trading after all.

2. It is volatile.
3. Possibilities.
4. To make money
5. As a hubby.
6. To stay relevant in the currency world.
7. As a side income.
8. Etc
The different things we trade can be grouped into 4.

I'll give examples.

1. Currencies .
Major currency pairs EUR/USD, USD/JPY
Minor currency pairs GBP/EUR, EUR/JPY
Exotic pairs. e.g USD/MXN
You might not understand some of the symbols above but they are all countries currency.
2 COMMODITY e.g Gold, silver, oil, energy.
3. INDICES e.g S&P 500, volatility 75 index.
4. Cryptocurrency
E.g btc, bitcoin cash, ethereum.
If you you will like to knw more about this skill and how people make a fortune from it then you are at the right place. I'm starting a free class for 5 days where i will forex simple and profitable and also teach you how to your place trade. If you are interested here is my contact on whatsapp: 08085130058 or visit the group through the link below:
https:///IR9c4CnxitI6vKdHyaMuL1

1 Like

Re: What Is Forex Trading And How Does It Work? by JohnasI: 2:05pm On Nov 07, 2022
Many people think that buying cryptocurrency and investing in it to make money is easy. But there are a lot of details to take into account. I don't have time to understand this thoroughly, so I decided to work with the crypto trading software. Actually, it's very convenient because I don't have to analyze the market. The platform does it. But I can decide what to do with my money.
Re: What Is Forex Trading And How Does It Work? by Yhn1: 4:17pm On Nov 07, 2022
Deriv traders can now earn using Binary options automated trading robots with free forex trading robot EA and 4 free binary options bots and Ebook guide included in package

Re: What Is Forex Trading And How Does It Work? by Mensorty(m): 3:27pm On Feb 23, 2023
Forex trading and cryptocurrency trading have many similarities, such as buying and selling different currencies or digital assets. If you're interested in adding XRP to your portfolio, you may want to consider purchasing it through a reputable cryptocurrency exchange. Some exchanges like for example Switchere.com allow you to buy xrp with credit card, making it a convenient option. Just be sure to do your research and choose an exchange with a good reputation and strong security measures.
Re: What Is Forex Trading And How Does It Work? by Nobody: 3:46pm On Feb 23, 2023
Mensorty:
I also want to start working in this direction. What do I need like a beginner?
I'm an introducing broker to two forex broker, send me a message and I'll add you to our forex trading group
Re: What Is Forex Trading And How Does It Work? by TreasureHunter(m): 6:27pm On Jul 04, 2023
Jobenhearts:
Forex trading is a skill that, once mastered, can open the doors to a world of financial opportunity. It allows individuals to make money without the need for direct communication with others. The lucrative nature of forex trading can be likened to having a blank cheque, where the potential for profit is virtually unlimited. At its core, forex stands for foreign exchange, which involves the buying and selling of currencies. It is a decentralized market where participants trade one currency for another, aiming to profit from fluctuations in exchange rates. Here you can check Best Forex Broker The most common currency pairs traded include the U.S. dollar, euro, British pound, Japanese yen, and Swiss franc. The forex market operates globally, 24 hours a day, five days a week, making it highly accessible and offering flexibility for traders to engage at any time that suits them. It is the largest and most liquid financial market in the world, with trillions of dollars exchanged daily.

Forex trading provides opportunities to capitalize on market movements and generate profits through buying or selling currency pairs. Traders analyze various factors such as economic indicators, geopolitical events, and technical indicators to make informed trading decisions.

It's a skill worth acquiring because it can help one become immune to the constant depreciation of the Naira since you will be earning in US$
Re: What Is Forex Trading And How Does It Work? by jom28gy(m): 11:12pm On Jul 04, 2023
TreasureHunter:


It's a skill worth acquiring because it can help one become immune to the constant depreciation of the Naira since you will be earning in US$
that is the business I want master
Re: What Is Forex Trading And How Does It Work? by jom28gy(m): 11:17pm On Jul 04, 2023
Johnaffiliates:
Forex trading is a skill that once mastered, you can make money from it anyday and anytime without sayinga word to someone. It is that lucrative and it can be likened to you having a blank cheque where you need daily while trading but first, what is forex?.
Forex simply stands for foreign exchange. Foreign Exchange (forex or FX) is trading of one currency for another.For example, one can swap thye U.S. dollar for euro.
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies.
This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
In terms of trading volume, it is by far the largest market in the world, followed by the credit market.
Key characteristics of Forex.
1. It is the largest online market
2. It is easy to start and cheap.
3. Anybody can trade forex
4. Anybody can learn the skill and make money from it.
5. It doesn't consume time
6. There is no limit to your income
7. It operates 24 hours
With these characteristics, if you are not in forex, you are missing money. That's just the truth.
Let's look at advantages and disadvantages.
ADVANTAGES
1. Flexibility
2. Leverage
3. Accessibility.
4. Source of income
5. Few fees and commission.
6. Zero tax
7. Automation.
DISADVANTAGES
1. Potential losses.
WHO IS A FOREX TRADER?
A FOREX TRADER SIMPLY TRADES FOREX.
But read further.....

A currency trader, also known as a foreign exchange trader or forex trader, is a person who trades, buys and/or sells currencies on the foreign exchange.
But read further.....
A currency trader, also known as a foreign exchange trader or forex trader, is a person who trades, buys and/or sells currencies on the foreign exchange.
Currency traders include professionals employed to trade for a financial firm or group of clients, but they also include amateur traders who trade for their own financial gain either as a hobby or to make a living.Currency traders include professionals employed to trade for a financial firm or group of clients, but they also include amateur traders who trade for their own financial gain either as a hobby or to make a living.
Why should you trade forex?
1. Because everyone is in forex trading after all.

2. It is volatile.
3. Possibilities.
4. To make money
5. As a hubby.
6. To stay relevant in the currency world.
7. As a side income.
8. Etc
The different things we trade can be grouped into 4.

I'll give examples.

1. Currencies .
Major currency pairs EUR/USD, USD/JPY
Minor currency pairs GBP/EUR, EUR/JPY
Exotic pairs. e.g USD/MXN
You might not understand some of the symbols above but they are all countries currency.
2 COMMODITY e.g Gold, silver, oil, energy.
3. INDICES e.g S&P 500, volatility 75 index.
4. Cryptocurrency
E.g btc, bitcoin cash, ethereum.
If you you will like to knw more about this skill and how people make a fortune from it then you are at the right place. I'm starting a free class for 5 days where i will forex simple and profitable and also teach you how to your place trade. If you are interested here is my contact on whatsapp: 08085130058 or visit the group through the link below:
https:///IR9c4CnxitI6vKdHyaMuL1
I want know it

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