Trading of foreign currency is an ever-growing market. This type of trading is fast-paced and unpredictable with potential for high risk as well as great rewards. Now more accessible to less affluent individuals, forex trading provides an array of individuals with opportunities for creating wealth.
What is forex trading? Here are a few basic concepts:
Foreign Exchange trading, commonly known as Forex Trading is the buying and selling of different global currencies.
The prospective trader acquires an amount of money in the currency of their choice (known as the base currency). The goal is to sell off currency for another.