Forex:
Forex is a global decentralized market for trading of international currencies.The selling and buying of currency at international level.
How Forex Works:
Forex based on currency exchange rate, means the rate at which one currency can be exchanged for another. Exchange rates based on country economic factors, like Industrial production etc. All of these factors will influence whether you sell or buy currencies pair..jpg)
Example:
A french tourist in Pakistan can't pay in Euros to eat burger, because its not locally accepted currency, then French has to exchange the Euros into Pakistani Rupee at current exchange rate to eat burger :D.Earning:
A trader exchanges it $(Dollar) for Euro in January 3, 2011 at that time $1.33= 1 Euro, On May 3, 2011 he returned his $(Dollar) back and at that time 1 Euro = $1.48. So he gain a profit of $0.13.
Why Currency Exchanges:
Forex is one of the world most largest market like stock market and it works about 3.2 trillion US Dollar in daily bases. Forex is accessible for all , no one need a lot of money to get started. Forex provides 24 hours trading and its all done via a computer with connected Internet.
Defects:
Forex carries a high level risk because everyone can't mean it. If you want to invest money money then you should have enough experience in the field of finance and marketing & you must have enough money to afford your lose.WRITER: SAADI GROUPZ