What at all is forex trading?

[Kess]

I'm new in the system but I heard many people talking about forex trade but I don't really know what it is can someone please tell me? How important is forex trade and how can one get started?

 

[Ononivami1]

Forex trading involves buying and selling of the currency. You will have to choose the currency paid that suites your trading style through technical analysis. With the currency pair, you buy one and simultaneously selling the other one too.

 

[Sincerem]

Forex trading is a term which stands for foreign exchange trading it involves the buying and selling of fiat currencies or exchange of a fiat currency with another currency to the value equivalent to the first. It is also used to predict the growth of depreciation of any currency against another.

 

[Lens]

In forex, you are not buying stocks or doing cryptocurrency. What you do basically is exchanging currencies . This currencies are the fiat currencies .you simply trade them on the platform.

 

[Bookwormlux1]

Trading the currencies of different countries. It requires so much smartness and knowledge and you should not just go into it for the money that is there.

 

[Setho]

It is true that forex trading is available in a lot of countries and you do not need any kind of formal qualification before you can have access to it. It is a very good thing and what you are basically doing is that you are trading the volatility of various currencies around the world.

 

[Ononivami1]

In forex, you are not buying stocks or doing cryptocurrency. What you do basically is exchanging currencies . This currencies are the fiat currencies .you simply trade them on the platform.

You are very correct. We are not buying stocks here . What we do is to keep exchanging the currencies and keep buying and selling depending on the technical analysis at our disposal.

 

[Syldan]

Actually forex trading has to do with foreign exchange investment which has to do with buying and selling of currency across the globe either directly or indirectly.

 

[Lens]

You are very correct. We are not buying stocks here . What we do is to keep exchanging the currencies and keep buying and selling depending on the technical analysis at our disposal.

The exchange of currencies is what forex entails. You will also have to trade these currencies and make sure that you study it very well because it is a very risky business.

 

[Ononivami1]

Ki

The exchange of currencies is what forex entails. You will also have to trade these currencies and make sure that you study it very well because it is a very risky business.

It is very true that the exchange of fiat currencies is what forex is all about . You still have to have it at the back of your mind that forex should be studied well before investing on it.

 

[Lens]

Ki
It is very true that the exchange of fiat currencies is what forex is all about . You still have to have it at the back of your mind that forex should be studied well before investing on it.

The adequate knowledge around forex is very necessary and it what most of the forex traders didn't have and that's what makes them think that forex is a very risky investment.

 

[Kvngsammy]

Forex trading is basically the buying and selling of currencies. Simply put, you'll buy a currency at a lower price and trade at a higher one. These currencies are usually traded in pairs most times depending on which you'll choose.

 

[Smiles20]

Forex trading is just about trying to create the financial markets where it is been concerned with the currencies of other countries betting if it is strong or not.

 

[Chibson]

Forex simply means foreign exchange. Forex trading means trading of forex exchange . If you want to venture into this kind of business it is important you have careful because it is very risky and anything can happen at any time.

 

[tray591]

Forex trading has been one of the market where you will need to buy currency at low and sell when the price appreciate.I have been into forex market for years its as a process of trading one pair to that of another country depending on market reaction.

 

[joy101]

Forex trading is also know as exchanging currencies as buying and selling you need to know when to buy the coins in order to make profit from it, many people make good money from the investment.

 

[tray591]

Each and everyone of us know how to operate and define forex trading for me I think its a kind of market where one country currency is been traded to that of another.

Forex is one of the best business anyone can do but you really need the skills and knowledge before you can start placing profitable trade

 

[Ofonime6]

Forex trading is as a result of buying and selling currency when the market go bullish or bearish,its one of those ways which someone can use to make money.
Before you decide to trade ensure that you have proper knowledge or skills to trade conduct series of analysis before you excecute an order

 

[tray591]

One funny things people dont really know is that forex is never an easy market.
The defination can even be given by even a new trader its the act of buying and selling of country currency.
Its come on pair for instant used/eur can be traded and I like this pair when one country currency appreciate against the other then you can excecute your order be it instant or pending

 

[tray591]

Forex trading is a process of buying and selling of currency all that you need to do is for you to try and know the reaction of each pair and how you can make some better analysis