the Forex market work and how to make money on it?
the Forex market work and how to make money on it?

the Forex market work and how to make money on it?

Forex (Foreign Exchange) is a currency exchange market

where buyers and sellers make transactions to buy and sell

currencies. It is the largest financial market in the world,

with a daily turnover of more than $5 trillion. Forex operates 24/7, Monday to Friday, allowing you to trade anywhere in the world.

How does the Forex market work?

Forex trading is based on a currency pair, which is the relationship between two currencies. For example, the EUR/USD pair represents the relationship between the Euro and the US Dollar. The moment an investor buys one currency, he automatically sells the other, and the profit or loss depends on the change in the exchange rate between the two. It is worth noting that in the Forex market, you can earn both on the increase and decrease in the value of a given currency.

Forex exchange rates fluctuate as a result of various factors, including, but not limited to: changes in the country’s economy, monetary policy of central banks, political situation, international relations and macroeconomic events, such as publications of economic data. Investors make decisions to buy or sell currencies based on these factors and technical analysis, which is the study of price charts. Making money on the Forex market requires knowledge, experience and discipline. Here are some basic principles that can help you succeed in the Forex market: