What is Forex?
Forex is the acronym of Foreign Exchange. That means it is a type of market where an investor can buy or sell currencies for speculation, in order to make money from the difference between buying cost and selling cost. Forex is the biggest financial market in the world, thanks to its $3,2 trillions traded every day, both from investors and from people and businesses who trade abroad.
Where is the Forex market based? Forex has no central market, as it is OTC (Over the Counter) and sometimes is called “interbank market” as operations are made via internet or via phone between the parts.
Who can take part to forex market? Before internet investments in forex market were made only by banks and biggest financial institutions. Today, thanks to the net, everyone can trade on currency market as the only things needed are a computer (or a smartphone) and an internet connection.
When is possible to trade forex? Investments on this market can be done everytime as it is open 24/7 (with the exception of weekends) as anytime is possible to find an open financial market, somewhere in the world.
What are the advantages of forex market? Forex has the main advantage to allow everyone to make money in a simple and quick way. Earning are virtually unlimited, on the other hand losses cannot be bigger than the invested amount. Plus everyone can take relevant informations simply reading news on the internet.
If you never tried it, what are you waiting for?