What is Forex?
Forex means foreign exchange. The foreign exchange (currency or Forex or FX) market exists wherever one currency is traded for another. It is by far the largest market in the world, in terms of cash value traded, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions.
Retail traders (small speculators) are a small part of this market. They may only participate indirectly through brokers or banks and may be targets of forex scams. So we have a good news and a bad news...Good news is that even people like you and me can participate in Forex and make money..bad news is that we need to be careful and not to be scamed.
With Forex trading you can make money....there are ordinary people like us who make big money on Forex, but as with any other business or activity you need to learn...there are many techniques on Forex, so you need to start small and learn and when you get better and confident you can invest bigger money.
There are many brokers who offer a demo account so you can learn and try Forex without risking your own money. Then you can open a mini Forex account with just $250 and after that you can open a standard Forex account.
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