Forex Basics and Concepts
Probably everyone who has ever heard this word, asked this question. The constant need to exchange one currency for another led to a unified telecommunications network. Now anyone using the Internet, can perform the operation on exchange rates, without leaving your home anywhere in the world, around the clock.
A huge amount of foreign exchange transactions for the exchange of currencies around the world, called «FOREX» (Foreign Exchange Market - the international currency market). With the advent of the Forex market, formed a new kind of business. Profit, market participants are foreign exchange gain during the constant price changes. Exchange rates depend on supply and demand. Investors who make transactions of buying / selling in the Forex market are known as traders (traders). Most importantly, in the modern foreign exchange market, anyone can act as a trader. There is no age limit, education and work experience in the financial sector do not matter, but it will help to quickly master the psychology and principles of behavior of the Forex market.
