How To Become A Successful Forex Trader and Do You Want To Be a Forex Trader

what is meaning of foreign exchange market The foreign exchange market is the market in which participants are able to buy, sell, exchange and speculate on currencies. Foreign exchange markets are made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. So what is Forex trading you may ask? Forex is the exchange you can purchase and sell currencies. For example, you might buy British pounds (by trading them to the dollars you had), then goes after pounds / dollar ratio up, you sell pounds and buy dollars again. At the end of this operation go more dollars than you had at the beginning. The Forex market has much higher fluidity, then the stock market, so much more money is exchanged. Forex is spread between banks all over the planet and as a result it means 24 hour trade.