Forex (foreign exchange) - is the currency exchange on the global financial market (short for English words - FOReign EXchange). The beginning of the Forex market was in 1976 after the global economy changed from the "gold standard" to the free exchange of currencies. This step was derived from the practical need for the need for free money movement among countries.
Investing in Forex for many people has become not only a profession but also a great way to preserve and increase capital. The profit made by real exchange transactions is much higher than the inflation rate. Forex market investors can receive very high personal income from reputable Forex.
You can make a profit by trading on the Forex market regardless of whether the exchange rate goes up or down. Simply because the falling of one currency will lead to the appreciation of another currency. This advantage helps distinguish between the Forex market and the stock market, where stocks are dominated by only one trend, which makes it difficult to trade and does not allow profits from short-term transactions.
The above characteristics of the Forex market help protect investors from the fluctuations of the economic crisis. If the crisis occurs, the stock market may collapse completely, but forex trading still happens as if nothing happened.
Trading on the Forex market can be done 24 hours a day. The reason is that the Forex investment market is traded all over the world with different time zones. Forex trading is only available on weekends. Therefore, 5 days a week, Forex investment channels work continuously throughout the day.
The Forex market (forex) does not have a specific geographical location. Forex trading is carried out with the help of computer software - terminals. Buying and selling currency through it can be done from anywhere in the world, as long as it has Internet access.
Trading on the Forex market is not only profitable but also interesting. To increase profits, investors must always follow the news in the world and the new market fluctuations.
Here are the headquarters of the 5 best forex brokers in the world:
The original purpose of Forex - was just to exchange currencies, but over time people learned how to make money on the difference of exchange rates and these investments became a significant source of income for many people. Simply because the exchange rate is very unstable, making buying and selling currencies is very profitable. Most importantly, make a transaction at a reputable and long-term Forex platform in the world financial markets.