Explanation

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What is Forex?

Forex is an abbreviated form of Foreign Exchange. Forex can be simply understood as the trading (purchase and sale) of foreign currencies. The major “players” in the Forex are Euro/Dollar, Dollar/GBP, Dollar/Yen (mostly the currencies of developed countries with strong economy).

The exchange rate of these currencies are never constant, they keep on fluctuating, which in turn creates an opportunity for us to earn money. Forex trading is pretty similar to the stock trading (or liquidity trading).