Forex, also known as the foreign exchange market or currency trading is a decentralized global market where all the world's currencies are traded. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. Yeah... Forex is that massive.
If you've ever traveled overseas, than you've most likely made a forex transaction without even knowing. For example, taking a trip to France requires a currency exchange. The forex exchange rate between the two currencies—based on supply and demand—determines how much of the foreign currency you will receive. Keep in mind this exchange rate is constantly moving up & down, sort of like a C-SAW.
Now you may be asking, how can I make money through Forex when the exchange rate fluctuates in such little increments? With the use of leveraging. Forex brokerages allow you to invest with up to a 1:500 ratio. To put this into perspective, for every $1 you invest, the brokerage will invest $500 for you. Don't be too intimidated though. Setting up a brokerage takes under 5 minutes, and it is nothing like a bank loan. Let's say you lose some money on Forex while using a brokerage. The brokerage will not charge you for that loss. For example if I make a bad trade, the brokerage is not going to call me up and say "Hey man! You owe us $10,000 because you lost money on a trade!". The brokerage knows the risk going into it, and will not penalize you for making a bad trade.
With that being said, while using a 1:500 leverage (or less) you will be able to trade in the foreign exchange market. So what are you waiting for? Our team hand-crafted the greatest step-by-step course known to mankind, created solely for aspiring entrepreneurs looking to become successful in the Forex market. Investing in yourself is the best way to improve your future, so let's get started!