Learn to trade the forex market

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Status: In Progress  |  Genre: Non-Fiction  |  House: Booksie Classic


This article is just a summary on how to get started in the forex market

Submitted: September 03, 2018

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Submitted: September 03, 2018

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In the economic press, you will often hear the stock market and the currency trading market; how stocks prices trend upward or downwards etc. Some readers might already be expert, while might just be beginners, for those who are beginning to understand these markets, or want to start investing their savings, this is still a tricky world.

In this short article (suitable for beginners in trading), we will try to lay the foundations of what is the so-called Forex or FX market, which is the abbreviation commonly used to refer to the 'Foreign Exchange ', which means "Currency Exchange".

What is Forex?
You may have inadvertently already participated in the forex market. If you have ever traveled to another country, you have probably found a currency exchange office at the airport and exchanged the money you carried in your wallet to the currency of the country you are going to visit.

By doing this you have already participated in the Forex market, you have exchanged one currency for another. Or said in market terms, if you are a Spanish citizen visiting the United States, you would have sold Euros and would have bought US dollars.

On your return home, if you have money left over, you will go back to the exchange office to exchange these dollars and you will notice that the exchange rates have changed. It is these fluctuations in exchange rates that will allow you to earn (or lose) money in the Currency Market.

 


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