Forex is all about earning easy money.
maybe you went to exchange office for any reason, for example: you need to change money if you want to go to holiday to foreign countries. every exchange rate changes day to day. Your money can get higher to other countries money. sometimes your money can get lower.
Forex is about this high-and-low money exchange system. You can earn money with this exchange technique. Buy other money from other countries when they get lower, sell other countrie`s money when they get higher.
Change can occur sometimes about any kind of economic waves and political changes. Sometimes depends on war. sometimes dependes on peace.
You can make this technique for any country in The World. Because World money currencies don`t have a fixed rate. Money currencies always fluctating depending on countrie`s inner and outer communication and political interaction.
For example : if the war begans on Iraq Oil prices goes higher. (you know this war things happens in Asia and Arabic countries too much). if Oil prices goes higher the money currencies goes lower on most country, except the countries have oil sources.
Look at this forex examples:
1- War begans on Syria
2- Oil prices goes higher
3- Also Canadian dollar goes higher because Canada has Oil refineries
4- Japan yen goes lower because Japan doesn`t have much oil source
5- At this point Buy Japan Yen (You earn)
6- And sell Canada dollar (You earn)
Other forex informations:
usually 4 money pairs goes important:
Euro against US dollar, US dollar against Japanese yen, British pound against US dollar, US dollar against Swiss franc
Other important pairs are: EUR/USD, USD/JPY, GBP/USD, and USD/CHF
What Forex compainies do:
You cannot see the changes in currencies so fast. because TV. News is slow. You will need fast news from trustworthy forex sources online. And you need a way to change your money priceless. Some exchange office takes extra percent to themself.
Forex companies also gives you opportunity to multiply your money with 20x to 400x. so you can earn more. but be careful you can lost money fast in this forex world.
Foreign exchange market (also called Forex to shorten name) is the biggest market in the world. currencie market works 24-hours a day. Because world turns and some country goes night and other country goes noon at the same time.
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