What is forex?

[forextrading1]

Hi
Foreign Exchange (FOREX) is the arena where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with the equivalent of over $1.9 trillion changing hands daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange (off-exchange).

[robsam]

Forex is known as trading in foreign exchange. I would like to add something here. Forex is not a gambling. Its just like other businesses in the world. When you are in any business, you are into the risk. The same risk is here also. So, I don't agree that its gambling.

[marrabel]

Forex is the great way to make money with good strategies.

[sharetips033]

Forex, which is an abbreviation for the phrase “foreign exchange,” has to do with the accurate and timely calculation of the rate of exchange between any two national currencies. Forex impacts the lives of a number of persons daily. Here are a few examples of how forex works in various scenarios.
Forex refers to the biggest, freest marketplace in the world: the global trading of different nation's currencies or money. Dollars, euros, pounds and yen are all examples of currencies. If you live in a country that counts money in dollars, then euros are foreign currency to you. If you want to pay dollars to someone who uses euros, the two you will have to engage in foreign exchange, or forex.

It's elementary supply and demand. If I have lots of dollars and few euros, your dollar is worth only a small number of euros to me; perhaps only a fraction of a euro. On the other hand, if I have a shortage of dollars (and need them to pay someone else), then I will give you more euros for your dollar. If we can negotiate a mutually agreeable exchange rate - X dollars for Y euros - then we can do business.

[mark789]

Forex stand for foreign currency exchange where people buy and sell different types of currencies to make money.Forex trading is better than stock market investment as it needs less investment.

[dr hanif malik]

but with short money no gaurantee to earn in forex due to high swing of the prices.

[bestforexpartners]

Foreign Exchange is one of the biggest market over the world and Forex totally deals in real time. Forex market has plenty of buyers and sellers and the main elements of the Forex are the consistent and logical calculations . To enter in the forex market the trader or broker should be very sophisticated towards the forex market

[Fxpipper]

Forex is all about trading in currencies, with no fixed rates. In essence, it provides you with both volatility and flexibility that cannot be matched elsewhere.