Before you need to know what is Forex Trading and how does it work, let’s first define what is Forex.
What is Forex?
Forex is the shortened word for the two words “Foreign Exchange”. The word “For” is the shortened word for the word “Foreign“. The word “Ex” is the shortened word for the word “Exchange“.
Combined the two shortened words “For” and ‘Ex“, you get the word “ForEx“. So instead of saying the words “Foreign Exchange”, we can simply call it “Forex”.
Now that you know how the word Forex came to be, we can now define what is Forex Trading. Continue reading What is Forex trading and how does it work?