Forex is the biggest financial market in the world, with some $4 trillion traded each day.
While it is dominated by big banks, corporations and private investment funds, the retail
segment is the fastest-growing, according to Bank for International Settlements. Forex,
also known as foreign exchange, FX or currency trading, is a decentralized global market
where all the world’s currencies trade. Forex trading may make you rich if you are a hedge
fund with deep pockets or an unusually skilled currency trader. The currency exchange rate
is the rate at which one currency can be exchanged for another.
It is always quoted in pairs like the EUR/USD (the Euro and the US Dollar).If the exchange rate rises, you will sell the Euros back, making a profit. Forex is not a scam, though there are plenty of scams associated with forex. … Forex trading is a real business that can be profitable, but it must be treated as such. It is not a get rich overnight business, no matter what you may read elsewhere.
However, it is possible to have a profitable legitimate forex business.
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