"Forex" stands for foreign exchange and refers to the buying or selling of one currency in exchange for another.
It's the most heavily traded market in the world because entrepreneurs, businesses, and politicians all participate in it, and
it's an easy exchange to get into without needing much capital .
How Is Forex Different Than Other Exchanges
If you've ever traveled overseas, you've made a forex transaction. Take a trip to France and you convert your
pounds into euros. When you do this, the forex exchange rate between the two currencies—based on supply and demand—determines
how many euros you get for your pounds. And the exchange rate fluctuates continuously. Because of inner and outer economic delemas.
Trading Secrets and Success
Fortunately, some of the differences between successful traders and those who lose money are no longer a secret. Through
conducting an intense study of client behaviour, the team at FXCM has identified three areas where winning traders excel.
While there is no "holy grail" for profitable forex trading, establishing good habits in regards to risk vs reward, leverage
and timing is a great way to enhance your performance.