When you get to a country that does not use the same currency as your country, you will need to give your currency in exchange for the currency of that country you visited.
You know quite well, that there is no other way to do business in that strange land without their currency. Exchanging your currency for another country's currency, is what is known as: "FOREIGN EXCHANGE".
The FOREX market is a global, decentralized market where the world’s currencies change hands.
Why people lose money
Many people think they can gamble in forex trading which is not true. You must have a full knowledge of how the market works.
Forex trading has been mistaken for betting.
How to avoid losing your hard earned money while trading FOREX
Trading FOREX successfully, needs careful analysis. You do not have to rely on technical analysis alone. To become a successful trader, you must learn to merge but fundamental and technical analysis.
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