What is Forex trading?
Posted by Steven
Forex trading stands for foreign exchange trading. Forex trading is a slightly more volatile and fast paced trading than equities and mortgages trading. Traders predict the rise and fall of currencies and hence buy or sell currencies depending on those predictions. Forex trading is always done with a currency pair. For example, if a trader feels that the dollar would get stronger with respect to euro than what it is now, it would be a good idea to buy the dollar at a lower price and then sell it when one dollar costs more in terms of euro thus making a profit.
