The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over the counter financial market for the trading of currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.
In a typical foreign exchange transaction, a party purchases a quantity of one currency by paying a quantity of another currency.
Unlike all other modes of earning, forex market is not a game of gamble. It takes into account ones time and understanding of the complete system of forex market. If you go online or refer anything dealing with the forex market, they specify you by telling that its too easy to earn money by just predicting whether the market will move up or down. But keep a word, market turns the other way of your prediction. But fortunately, to gain experience in such market many brokers provide with a demo account . Its advisible that you atleast demo trade the forex market for a term of minimum six months before investing the real money into it. But there will many urges to invest the hard earned money into the forex market thinking that our wheel of fortune will turn one day.But its rare to happen. Its said that if a man gets 52% of his prediction right then he can become a millionaire of the world. If we go into the depth of such a statement then we can realise what an investment is.
So anytime you try to invest being a novice investor or trader , then plan to demo it first. There are many platforms which provide with the demo accounts. Some of the very popular include likeFXCM, FXOpen,Exness and the list goes on
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