Forex is largest financial world market, where almost 4 trillion dollars worth of currencies are traded every day. This article is about introduction to Forex currency trading so let’s now briefly understand about Forex trading, and how to do it the right way.
Introduction To Forex Currency Trading
Why Exchanging Currencies
• To invest in foreign financial assets
• To pay for goods & services in a foreign country
• To hedge unfavorable exchange rates in the future, and to earn profits from the changes
The holders of foreign currencies will have to convert the money back into their home currency, and take the profits.