What is forex and how does it work?

pictoranimosity
Mensagens: 124
Registrado em: 08 Ago 2019 13:58

What is forex and how does it work?

Mensagempor pictoranimosity » 24 Abr 2021 15:56

Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.

aldermansource
Mensagens: 46
Registrado em: 18 Abr 2020 09:13

Re: What is forex and how does it work?

Mensagempor aldermansource » 24 Abr 2021 15:56

While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile.

beefsilo
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Registrado em: 03 Jul 2019 13:20

Re: What is forex and how does it work?

Mensagempor beefsilo » 24 Abr 2021 15:57

aldermansource escreveu:While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile.


If the pound rises against the dollar, then a single pound will be worth more dollars and the pair’s price will increase. If it drops, the pair’s price will decrease.

jimratcliffe
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Registrado em: 11 Abr 2021 03:08

Re: What is forex and how does it work?

Mensagempor jimratcliffe » 25 Abr 2021 09:42

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Ultimer
Mensagens: 13
Registrado em: 17 Mai 2021 09:17

Re: What is forex and how does it work?

Mensagempor Ultimer » 01 Jul 2021 05:29

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Gyneo
Mensagens: 83
Registrado em: 23 Dez 2020 04:24

Re: What is forex and how does it work?

Mensagempor Gyneo » 14 Jul 2021 05:25

This is something that I dont really understand.. I think its quite hard to make money with forex

Sawlost
Mensagens: 73
Registrado em: 19 Abr 2021 08:48

Re: What is forex and how does it work?

Mensagempor Sawlost » 14 Jul 2021 05:46

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johnleelee
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Re: What is forex and how does it work?

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roroos
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Re: What is forex and how does it work?

Mensagempor roroos » 11 Jan 2022 05:16

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Prouser1
Mensagens: 72
Registrado em: 03 Nov 2021 13:56

Re: What is forex and how does it work?

Mensagempor Prouser1 » 21 Jun 2022 09:17

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PiggyTales
Mensagens: 22
Registrado em: 09 Jun 2020 08:47

Re: What is forex and how does it work?

Mensagempor PiggyTales » 25 Jun 2022 12:25

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kroks
Mensagens: 13
Registrado em: 15 Fev 2022 09:29

Re: What is forex and how does it work?

Mensagempor kroks » 27 Jun 2022 20:09

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