What is forex?

[limonzmn]

Hi, i am new here. Please, tell me what is forex?

[DonCardEst]

Hmmm, good question! )))

I think better way to read about it in details - use Mr.Google - you can ask here detailed questions - i'm sure - you will get detailed answers

[bmatthews]

Foreign Exchange (FOREX) in all simplicity - as it is easiest understood, IS the TRADING of currencies.

Think of it as TRADING rather than buying or selling, trust me, it makes more sense that way.

Imagine it was one of those CARD games where you traded cards with your friends, always trying to get the better card or a more valuable card.
Just like FOREX. You are pretty much looking at your deck of cards and thinking what card would I rather have at this point in time.

So lets say the DOLLAR card is becoming the must have card (it is rising in value) you buy that card in exchange for (TRADE) a EURO card and as it appreciates in value you benefit from having the better card (you make money) YOU then close your trade to take your profits and begin thinking about how you can play the game again.

The same applies in the reverse direction. However is slightly less logical and might confuse some. You can also TRADE a more valuable card for a less one, in the expectation that is will DROP in value, but in this case you don't buy the less valuable card, You SELL it expecting it to drop which creates the reverse outcome to BUYING the card.

Hope I didn't confuse you with the second paragraph but you get the gist

[Tariq777]

FOREX "Forex exchange market" is where you trade the world currencies and make profits or loss, that depends

[bestforexpartners]

Foreign Exchange or we can say Forex. Forex market is one of the leading and decentralized market with vast scope. In Forex market mainly trading of currencies take place. Forex market is a real market with high leverages and maximum risks and only sophisticated trader can win in the field of Forex.

[jafar00]

Originally Posted by esjy99

I am very interested in Forex online. but I am afraid of scams online.
I can see there are many forex HYIPs online, but the site owners are introducing them ,as if they are not scams.
Sometimes I do not believe some monitors websites.

Don't believe those HYIP scams that claim to trade your money in ANY market, not just forex. If you want to trade the forex market, learn to trade and do it yourself.

[M0neyMaker]

buy and sell currency

[Synthetic]

For somebody forex is a very hard and nervous job, for other forex is the place where you can spend your time for fun and make some money, for others, forex is a casino

[Frankjos]

It is a kind of exchanging market using currency to trade.... It is also referred as currency trade market!

[craigburton555]

try also auto-trading to get an idea of it