Forex Trading For Beginners

Forex Trading Introduction

Understand how Forex trading works. The Ultimate Guide.

Foreign exchange, popularly known as Forex Trading, ‘Forex’ or ‘FX’, is the trade of a single currency for another at a decided trade price on the over-the-counter (OTC) marketplace. Forex is definitely the world’s most traded market, having an average turnover of more than US$4 trillion each day.
Compare this to the New York Stock Exchange, that has a daily turnover of about US$70 billion and it is very obvious how the Forex market is definitely the largest financial market on the globe.


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Meaning of Forex, How Forex Trading Works in Real life examples


This is an Introduction to the underlying principles of Forex Trading. Enjoy.

Many people have become very rich in the Forex markets. It is one of a few investment areas where an individual with limited capital can make extraordinary profits in a relatively short period of time. For example, Richard Dennis borrowed $1,600 and turned it into a $200 million fortune in about ten years. Nevertheless, because most people lose money. Forex trading has a bad reputation as being too risky for the average individual. The truth is that Forex trading is only as risky as you want to make it.


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