WHAT IS FOREX?

* FOR-EX = Foreign Exchange

Foreign exchange is the conversion of one country’s currency into another
country’s currency.

The Forex market is the largest market in the world with more than 5 trillion dollars traded
on a single day. It’s larger than the stock and crypto market combined.

The Forex market is the largest market in the world with more than 5 trillion dollars traded
on a single day. It’s larger than the stock and crypto market combined.

Constant changes occur in exchange rates between currencies because of the

activities of the forex market and the principles of demand and supply. And
professional forex traders take advantage of these changes to make profit.
 How to make money trading forex
Professional traders make money in the market by buying a currency when its
low, and selling it when its high.
example
Today – Conversion rate
1 US Dollars = 2 Euros
I buy $100 worth of Euros to get 200Euros

1 week later – Conversion rate

1 US Dollars = 1 Euros
My 200Euros when converted back to Dollar gives me $200

AVAILABLE $ AFTER 1 PROFIT =

WEEK = $200 $100
4 TYPES OF FOREX TRADERS
1. Scalpers
2. Day Traders
3. Swing Traders
4. Position Traders