Forex, short for foreign exchange, is the exchange of one currency for another. It is a decentralized global market where all the world's currencies trade. Forex allows for the exchange of currencies around the clock, with the exception of weekends. The exchange rates constantly fluctuate based on the supply and demand of each currency. It is an important market for international trade and investment.
<aside> <img src="/icons/reorder_blue.svg" alt="/icons/reorder_blue.svg" width="40px" /> CONTENTS
</aside>
<aside> <img src="/icons/cursor-button_blue.svg" alt="/icons/cursor-button_blue.svg" width="40px" /> USEFUL WEBSITES
https://howtotrade.com/courses/introduction-to-forex-trading/ - trading course (free)
</aside>
<aside> <img src="/icons/subtitles_blue.svg" alt="/icons/subtitles_blue.svg" width="40px" /> SUMMARY
<aside> <img src="/icons/movie-clapboard-play_blue.svg" alt="/icons/movie-clapboard-play_blue.svg" width="40px" /> VIDEOS
How to read candlestick charts
How to read candlestick charts
Forex explained: from how it works to lots to margins
Forex explained: from how it works to lots to margins
Technical analysis summarised and explained
Technical analysis summarised and explained
improving returns and more accurate technical analysis
improving returns and more accurate technical analysis
A full course on support and resistance
A full course on support and resistance
Candlestick pattern guide
how to improve trades
https://www.youtube.com/watch?v=ZCg4wSDLpp0
FOREX Leverage and margin
How to avoid false breakouts
strategy for forex trading
</aside>
Forex consists of currency pairs from 2 different countries. The exchange rates constantly fluctuate based on the supply and demand of each currency. In order to make a profit in Forex trading, traders buy a currency when its value is low and sell it when its value is high.
Several factors can affect the exchange rates of currencies in the forex market.
These include:
Forex is a highly volatile market, meaning that exchange rates can fluctuate rapidly and unpredictably. This volatility can create significant opportunities for profit, but it can also lead to substantial losses. Traders in the forex market use a variety of strategies and tools to try to predict and manage these fluctuations, including technical analysis, fundamental analysis, and risk management techniques.
read more: **https://www.investopedia.com/articles/forex/11/international-events-affect-forex.asp**
Gambling refers to taking a risk in the hopes of winning something of value. This typically involves games of chance, such as slot machines, poker, or roulette. The outcome of a gamble is typically determined by luck or chance, rather than skill or analysis.
Investing refers to buying assets with the aim of generating long-term returns. Investors typically hold these assets for an extended period of time and aim to make a profit through the appreciation of the asset's value or through the receipt of income generated by the asset. Investing typically involves conducting research and analysis to identify assets that have the potential for long-term growth or income.
Trading refers to buying and selling assets with the aim of generating short-term profits. Traders typically hold assets for a shorter period of time than investors and aim to make a profit by buying assets when they are undervalued and selling them when they are overvalued. Trading typically involves conducting research and analysis to identify assets that have the potential for short-term price movements.
While both forex trading and investment involve the potential for profit, they differ in terms of their underlying strategies and risk profiles. Forex trading is generally considered to be a more speculative and risky activity than traditional investment and is typically only recommended for experienced traders who are willing to take on this level of risk. However, with the right strategy, the amount of risk involved can be reduced.