Why do people get interested in Forex in the first place?

With its low capital requirements, ease of entry, and 24/7 accessibility, Forex trading has a strong appeal for anyone with a laptop looking to increase their income—as a part-time gig or as a full-time trader.
While there is money to be made in Forex trading, it requires specialized knowledge and a lot of discipline, neither of which is easy to obtain. The good news is this course will walk you through everything that you need to know to be successful at Forex trading!
The foreign exchange market, or forex (FX) for short, is a decentralized market place that facilitates the buying and selling of different currencies. This takes place over the counter (OTC) via the interbank market instead of on a centralized exchange.
Without knowing it, you have probably already participated in the foreign exchange market by ordering imported shoes, or more obviously, buying foreign currency when on vacation. Traders are drawn to forex for several reasons, including:


● A wide variety of currencies to trade
● The size of the Forex market

● Differing levels of volatility
● Low transaction costs
24 hour a day trading during the week


The Forex Market Explained


In a nutshell, the foreign exchange market works like most other markets in that it is subject to demand and supply. Using a very basic example, if there is a strong demand for the US Dollar from European citizens holding Euros, they will exchange their Euros into Dollars. The value of the US Dollar will rise while the value of the Euro will fall.

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