WHAT IS FOREX?
Forex is the blended word of foreign currency and exchange. It is the method of changing local money into another currency for common purposes such as commerce and tourism. In simpler terms, it is a money exchange. Usually, local currencies are being exchanged for USD and EUR. This process is also called FX.
Due to technological advancements, Forex became plausible and more accessible. There are many ways to do this process: transactions can be done through banks, accredited retails, legit Forex brokers, and online.
Since the internet is already part of most individual’s lifestyles, the exchange can be made through legit Forex trading sites.
Yes, Forex trading is a profitable investment where you can get a huge amount of profit. However, this isn’t something easy to trade, and you need to make sure that you know everything about trading.