What is FOREX?

Forex (fx) is known as foreign exchange. It is about two currencies that gainst each other. For an example, USD vs JPY which means the US Dollar against Japanese Yen. All the data for the USD/JPY will be shown live 24hours in the chart.

However, how to benefit from it or making money in the forex world? It’s a common question even for me when I first heard about forex. To understand this, you first need to understand how the normal trade that is being used by the world. For an example, let’s take a look at the world of stock market. In order for you to make profit, you must buy a stock in the lowest price and sell it at the highest price that you can get. But what will happen when the market turns against you? This means the value of your stock declines from the price you have bought. Automatically, you have lost in your trade.

Does this happen in the forex market?

Yes, it does. Everything that goes up will surely go down. Different from other types of trades, forex trading has its own advantages when the economy goes down. You can still sell and make a lot of money. So, what it means here is no matter how the market shows you either it is an uptrend or downtrend; it never gives effects to forex trader in making money. What you need is to be part of the trend and just by a click, you can make money.