what is forex trading?
Forex trading is the process of speculating on currency prices to potentially make a profit. Currencies are traded in pairs, so by exchanging one currency for another, a trader is speculating on whether one currency will rise or fall in value against the other.
Is forex trading good for beginners?
There are several reasons forex can be an attractive market, even for beginners who have little experience. ... This means that traders can get into the market at any time of day, even when other more centralised markets are closed.
How do forex traders make money?
In the foreign exchange market, traders and speculators buy and sell various currencies based on whether they think the currency will appreciate or lose value. ... No matter the gains or losses sustained by individual traders, forex brokers make money on commissions and fees, some of them hidden.
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