What should I know before venturing into Forex trading?
Whilst it is true one can make fortune by trading the stock market, Forex trading is one aspect that could earn you more, either slowly and steadily or in a very rapid way, all depending on you.
As the name suggests, FOREX trading is an acronym for Foreign Exchange market. Here, currency traders buy and sell currencies of different countries in order to make a profit by predicting fluctuations in exchange rates.
Just like in the day to bay business of buying and selling, you either bring what to sell and someone buys from you and pays you, or you go to buy what someone is selling and pay for it, it all involves the exchange of commodities; a fiat currency for a physical asset.
It is the same as trading the Forex, but it involves buying a currency with another currency, or selling a cur...