What Is Forex Trading? - Kakiforex.com - Financial Market Media No. 1 in the World What Is Forex Trading? What Is Forex Trading?

March 22, 2021

What Is Forex Trading?

 Ok, you must get to this page because you are looking for how to start trading in forex, right? Before you know what forex is, I will summarize it a little so that you understand it in a simple way.

What is "forex trading"?

Forex is foreign exchange. The abbreviation is FOREX. What is forex trading? Forex trading is the "business activity" of currency exchange. That means we "trade" currencies, for the purpose of making a profit.

The situation is easy to understand. Let's say to a money changer, today you go to change the price is RM4.40 for USD1.00, you need RM440 to change with USD100. And let's say next month the value of USD gets more expensive, which is USD1.00 equivalent to RM4.60. So here if you go to change your USD100, you will profit because you will receive RM460 from the money changer. RM20 of the profit.

But in this fast-paced age, all activities are done online only. There is a trading platform, where you can see the price go up and down the currency. The trick is to put money in as capital. There are "BUY" and "SELL" buttons. So use your capital to enter and exit the market based on analysis to make a profit.

Forex trading is controlled online. You only need a computer and an internet connection to trade forex. The forex market is open 5 days a week and 24 hours a day, which starts at 5 am on Monday and ends at 5 am on Saturday. So here you have the freedom to trade forex whenever you feel appropriate.

If you are a person who works and goes to work at 8 in the morning, even back at 5 you still have time to do trading activities at night. Similarly, if you are a shift worker, the forex market is open 24 hours a day, you do not worry, anytime you can trade forex.

If you are interested in knowing more about forex, read on