What is this forex?
Do you think the stock market is huge?
So here we are learning & discuss the World’s largest financial market. We will start from the very beginning and will discuss forex lessons one at a time.
So the first question is !!!!!
What is forex?
Forex is a global financial market that allows one currency to trades with another currency. It’s a huge market. I think some of you may already know about the Stock market and some may have heard about the stock market. The stock market is very big where you can buy any company’s stocks at one price and then can sell at another price. Which is true, but what if value of the stock share decreases then the price of the bought stock also decreases, which could be your loss, right ? In simple terms, at the time of purchase you buy stocks of particular company at an offered price and later that company’s stock crashes, which means your bought stocks value also decreases and you are at loss. On the other hand, you can gain profit only if the stock price of that particular company increases.
But if we talk about the Forex market. Forex market’s per day volume is around $6.6 trillion. You can buy or sell any currency with another one and can get a good profit. In simple words, no matter actual value increases or decreases you can make profit out it.
