Dont do Forex without understanding these basics — Forex Trading for beginners — EXPLAINED
The foreign exchange market, also referred to as forex or FX, is the global marketplace where currencies are traded. It is the largest and most liquid financial market in the world. The forex market has a daily trading volume of around $7.5 Trillion dollars (as of April 2022).
Risk disclaimer: The details shared below is just to provide an understanding of the forex market. I have not placed any affiliations here or never will ask anyone to put money into something they don’t understand. I anticipate that this article will be of assistance to you in an academic context. Also, trading or speculating in forex and any securities is risky. So please stay educated before investing and be serious about the investments you perform.
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Now before I dive into forex details, let's read a little bit of the history of money, shall we? I will cover the examples with our specialized investor whose name is Lisa.
Money, as we use it today, basically is a means of exchanging value.
From the beginning of time, people used to trade items for items, which was popularly known as a barter system.
