For the past three months, a lot of people have been writing to us, asking to learn about the FOREX, stock, and cryptocurrency markets. While some people say it’s a scam, others simply don’t understand what the financial market is all about.
It is on this basis that we launched the 10 Days Into FOREX training program for anyone who wants to learn more about the financial market. We are taking a 10-days walk into these different markets (FOREX, stock, and cryptocurrency).
What is FOREX?
FOREX is short for Foreign Exchange (FX). It is a global marketplace for currency exchange against one another.
The FOREX market exists as spot (cash) markets as well as derivative markets offering forwards, futures, options, and currency swaps. In normal terms, it is the buying and selling of currencies in terms of another.
Also Read: Why You Should Invest and Trade in Cryptocurrency if You Aren’t Already
What is FOREX trading?
FOREX trading is the act of buying or selling currencies. Banks, central banks, corporations, institutional investors, and individual traders exchange foreign currency for a variety of reasons, including balancing the markets, facilitating international trade and tourism, or making a profit.
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Currency in the FOREX market is traded in pairs, in both spot and futures markets. In the FOREX market, economic, political, and environmental factors (wars, natural disasters, national elections) influences the value of a currency pair. We term it in FOREX, the fundamental and technical analysis when we move deeper into the matter.
Stay tuned as we ride on the 10 days journey into the FOREX market.
You can Register for our monthly training program where we will have a one-on-one with you, going deeper into FOREX, showing you the ropes of the game, and everything you need to know to succeed in this market.
