Forex Trading Definition, Advantages, and Disadvantages – Forex trading today can indeed be regarded as a promising income field. How not, forex trading does not require large enough capital. In addition, it is not too complicated to use. For information, it is often found that forex trading players are those who have been in the stock trading world for a long time. Then, what exactly is the meaning of forex trading? And how does forex trading work itself? Here Qoala will give a complete explanation.
Understanding What is Forex Trading
Currently, maybe many people will say they can get rich quick if they play forex trading. However, this is not necessarily accompanied by an in-depth understanding of the meaning of forex trading itself, both in terms of characteristics, advantages, and risks. In the following explanation, we will discuss the basic understanding of forex trading that everyone must know. Then, what is forex trading?
Forex trading or also known as forex trading is trading currencies from different countries with the aim of making a profit. In this case, forex itself is short for Foreign Exchange or can be called a foreign exchange exchange. An example of forex trading would include buying Euros (the main European currency), while simultaneously selling USD (the American currency), which can be shortened to EUR or USD. In the minds of ordinary people, the meaning of forex trading is more on the activity of exchanging money at Money Changer, namely buying and selling foreign currencies manually which is done through a money changer. In fact, forex trading is actually different from manual transactions like in Money Changer. Another term you need to know is trader. What is a trader? Trader or forex trader is a term for people who do forex trading who trade currencies from various countries