answersLogoWhite

0

What exactly does the term forex trading refer to?

Updated: 9/16/2019
User Avatar

Wiki User

12y ago

Best Answer

Forex trading is "foreign exchange trading". That is, it deals with trading World Currencies. http://www.forextrading.com/ is a website that could offer help to someone looking to trade foreign currencies; say the Japanese yen for US dollars.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What exactly does the term forex trading refer to?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is involved in forex trading?

Forex trading is just a shortened form of the term foreign exchange market trading. A strong knowledge of the market is a must, as is the ability to think, act, and react incredibly quickly.


Where can one find information on the forex trading market?

The term forex trading market is short for the foreign exchange trading market. There is information about the foreign exchange trading market available on wikipedia which tells you about how the market is primarily to do with trading various currencies.


Which type of forex trading is better technical or fundamental?

Fundamental in the long term, technical in the short term.


Can Forex Trading be chosen as a job?

Forex trading is a profession for many individuals who have a strong passion for financial markets and are dedicated to continuous learning. It can provide a source of income, but it's important to approach it with a long-term perspective.


What does the term Forex Pips refer to?

Calculations to determine foreign exchange are traditionally done to four decimals. A pip is 0.0001 of a cent and is the smallest unit of price in foreign exchange trading.


Where can one find a forex trading group?

The best tools to help you trade Forex I recommend that you use them because they get you rich I use all tools, but the best of them are 2 cutt.ly/Vh8Ls3O cutt.ly/Jh8Llux cutt.ly/1h8Lvez Put the link on Google so that you can know enough information about each tool, because this site does not allow sharing links


Is forex online an online trading company?

"Forex online" typically refers to online trading in the foreign exchange market (forex). It is not a specific company but rather a general term used to describe the online platforms and services that facilitate currency trading over the internet. If you are looking for a specific online trading company, you would need to refer to a particular platform or service within the forex market. My recommendation: 𝒉𝒕𝒕𝒑𝒔://𝒅𝒔2𝒑𝒍𝒂𝒚.𝒄𝒐𝒎/𝒅/𝒗𝒉𝒔565𝒂0𝒅0𝒊𝒈


What is the best strategy forex?

SimulatedForexTrading.ca Programs, Forex simulated trading helps investors practice their forex trading before risking any money. For that reason, taking part in an online forex trading simulation is essential for the long-term success of any trader. The lower the experience level of a trader, the longer that trader should be actively involved in online simulated forex trading. Before using a simulated forex trading system, it is important that the system is a live simulation program that provides lifelike results. The forex trading simulation system should allow the trader to execute practice trades at prevailing market prices using real time, streaming data. Practice before you Invest.


Forex and day trading which is better?

The choice between Forex and day trading really comes down to your trading style. Forex offers a broader range of currency pairs and is open 24/5, while day trading can involve various assets, including stocks and commodities, with a focus on short-term price movements.


What exactly does a forex exchange mean?

I think 'forex exchange' comes from the term 'foreign currency exchange'. You can exchange your money from the currency of the country you are based in to a currency from another country.


What is a forex cover?

I'm not familiar with the term "forex cover" in the context of foreign exchange trading. If you can provide more information or context about what you mean by "forex cover," I'll do my best to assist you with a more relevant answer.


What is forex day trading?

Forex day trading is a method to trade currencies on an intraday basis with the help of short term charts for instance 15 minutes charts. Investors will manage their position over a matter of minutes and hours, always along with the help of technical tools that will help you in entry and exit point.