Tuesday, November 23, 2010

What is Forex?

What is Forex ?

I was looking towards some friends suggestions who was in Forex Trading and they are doing very good in Forex Money Making. My First Question to my Friends was what is Forex ?. I got so many replies in response of my this question which I want to Share with you. Here is the Most Comprehensive Answers:

1. What is forex? The full meaning of forex is; foreign exchange. Does that answer your question?Or maybe your question should be: what is forex trading? Well forex trading is like buying and selling of currency. You can check out other threads to grap the full meaning of forex trading. 

2. Just like what you have read here in the forum and in the web, Forex is is a worldwide decentralized over-the-counter financial market for the trading of currencies.. Forex and other leveraged trading involves significant risk of loss. If you are new to leveraged trading, ensure that you understand these risks by taking advantage of free education and information provided by forex related websites like hyrextalk. 

3. Forex means Foreign Exchange. It is like a protocol that lets you to exchange currencies by trading it in a pool which is collectively traded with the banks, in case you are a retail trader. 

4. Forex means Foreign exchange, which means when you trade Forex, the concept compares to a conventional stock trade. You can also use currencies comparison and buy the one that is cheaper, and sell it when its value is increased. 

These are the best answers which I got and I think it will help you all in easy way to understand about Forex.

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