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What is forex?

★ Foney means Foreign Exchange. Simply put, currency trading. When you exchange a currency it is called forex.

★ Example: When you send money to your elder brother abroad, you cannot send money, you have to buy the currency of that country in dollars. And that's why you need to Exchange. And the name of this Exchange is Forex.

For example-- you buy dollar with money for 75 rupees. Again, when the price of the dollar rose to 85, you sold the dollar. That is, in this case your profit is 10 rupees. Here the pair is USD/BDT. Forex is the world's largest manket where 6-7 trillion dollars are traded daily. All stock markets in the world combined will not equal the forex market. The daily average traded on the New York Stock Exchange is about $32 billion. And this market is the biggest stock exchange market in the world (but 23-24 times bigger than it is the sea of ​​currency called Forex.

 

 

 

 

 

 

 

 

 

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