What is Forex and Trading?

in #hive-167922last year

In this opportunity I will give you a brief explanation of what forex? is and what it has in common with trading. First I will explain what trading is and how it works.

Trading is the buying and selling of cryptos in electronic markets. These markets are becoming more and more accessible and quoted as the investment rate is small and all this can be done from home, we just have to study different cryptos and analyze which one is the best for us.

Trading is simple, my way of thinking is to choose an asset and study it in the short and long term to be able to have the idea if it will have an upside and in what time since my idea is to buy in low and sell in high, others think in waiting for the asset to be in high and buy cheap to sell expensive all this in a margin of time before the asset goes down again. The second option is more complicated for me, that's why I choose the first option.

Forex

It is one of the largest foreign exchange markets in the world where we can see the different prices of currencies. In this same market we can make the different purchases and sales as well as we can make the different studies in the graphs. There are different markets but this is one of the largest and most reliable.

The meaning of forex is an abbreviation of Foreing Exchange which stands for foreign exchange. In this market we can win in the short and long term and as it can make you win you can also lose if you don't know what you are doing, that's why I prefer to study very well before investing in any crypto.

This is a market that has been used by big businessmen for a long time to grow their wealth, because we can see that it is reliable thanks to the growth of cryptos now more people can participate in it as well as we must also thank the growth of the internet as this allows us to trade and forex from anywhere in the world that we have a smart device and good internet.

Here is the link to my previous post where I also talk about my project

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Thank you for reading my publication

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