I, today, was wondering in search of some Forex information.
I had few questions that were rather simple but interesting. I am sharing it here on my blog because it almost covers basic information regarding Forex exchange market.
Q1: what is forex exchange market?
Ans: I can to know that "The foreign exchange market (Forex, FX, or currency market) is a global, worldwide decentralized financial market for trading currencies"
Q2: For what it is used?
Ans: It is used to assist countries regarding the change of one country currency to another one's to assist the trade and investment for businesses.
Q3: How people make money from this?
Ans: It is a simple process. e.g. US dollar is about 80 pkr. Now I buy 100 dollars for 8000 pkr. after 15 days a US dollar is about 85 pkr, i sell dollars or exchange it with pkr. I got 8500 pkr. that means 500 gain. But remember as gain can happen, loss can also happen.
that's all for today!
Thanks for bearing me!
I had few questions that were rather simple but interesting. I am sharing it here on my blog because it almost covers basic information regarding Forex exchange market.
Q1: what is forex exchange market?
Ans: I can to know that "The foreign exchange market (Forex, FX, or currency market) is a global, worldwide decentralized financial market for trading currencies"
Q2: For what it is used?
Ans: It is used to assist countries regarding the change of one country currency to another one's to assist the trade and investment for businesses.
Q3: How people make money from this?
Ans: It is a simple process. e.g. US dollar is about 80 pkr. Now I buy 100 dollars for 8000 pkr. after 15 days a US dollar is about 85 pkr, i sell dollars or exchange it with pkr. I got 8500 pkr. that means 500 gain. But remember as gain can happen, loss can also happen.
that's all for today!
Thanks for bearing me!
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