FOREX AMAIZNG KNOWLEDGE

 What is Forex?

 Forex is a Foreign Exchange, and the word Forex, is an abbreviation of the term Foreign Exchange.


 What is the difference between online Forex and that of Bureau De Change or Banks?

 Forex Bureau De Change or foreign exchange shops, or those in banks, involves the exchange of foreign currency available on the CASH paper system, but online Forex, involves the use of the Internet to exchange currency.  foreign and is a service facilitated by a centralized facilitator known as Forex Broker.


 What does Broker mean in Forex?

 Forex Broker is an institution that stands between forex traders and Forex markets by facilitating the sale and purchase of foreign currency.


 Can I trade Forex anytime?

 Forex trading, facilitated by Forex brokers, who often offer the ability or access to sell and buy foreign currency, when foreign exchange markets open, these markets operate on the working hours of the respective countries, usually starting at 2 p.m.  until 10pm local time, those countries that have foreign exchange markets are the United States which has two major markets (New York Stock Exchange and NASDAQ), the United Kingdom which has the London Stock Exchange, Germany, Japan, Australia  and New Zealand.  These markets open at different hours depending on the time zone of the respective country and close on weekends, ie Saturdays and Sundays.


 Is Forex a Fraud like Upatu Trading?

 The simple answer is NO.  Forex trading is a legitimate business and has been around for many years and will continue to exist, and it has nothing to do with Upatu trading.

 What education do I need to trade Forex?

 You do not need any special education to be a good Forex trader, although it is more profitable for you if you have Financial Education.


 How much capital do I need to start Forex?

 Forex start-up capital varies between broker and broker, there are some brokers who allow you to start with a minimum of up to $ 5, for example XM.COM and even a minimum of $ 1 for example TemplerFX and there are some other brokers who start  is $ 200, for example Pepperstone.

 How is Forex profit available?

 Forex benefits are available when you go in the right direction and direction of the forex market for the pair you decided to sell or buy.  For example, if you decide to buy EURUSD, and then the EURO currency becomes stronger than the USD, it means you will be BUY in the right direction, this will give you a profit when you close the position you opened.

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