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What is Forex trading?

Brad Vitello


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Hello, thank you for asking! 

The term “Forex” stands for the Foreign Exchange network, which is a platform that allows traders to trade one currency against another. People like to think of it as one big currency exchange store, where you go to exchange one currency for another, in order to use it or sell it. Except this market sees over $4 trillion a day, which makes it the largest currency exchange market in the world.

The difference from an ordinary trade is that there is trading involved which means that you exchange one currency for another in order to gain profit, for example when you exchange euro for dollar, you make a profit of a specific margin.

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