What is forex trading?

forex - sucess from forex trading
India
December 16, 2007 1:43am CST
Hi buddies, i joined mylot only for some e-earning but this site have some serious stuff and discussion within it . I Just want to know about the Forex trading. I know only that it is money level exchanging business. Can anybody plesde tell me about it as what actully it is?
1 response
lucky_witch
@lucky_witch (2707)
• Philippines
17 Dec 07
Forex trading is simultaneous buying or selling of 1 currency. Currencies are traded through a broker/dealer, and are traded in pairs; for example the Euro dollar and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY). It is the largest financial market in the world. A well trained trader can make a good amount of money through forex... but it really takes time to be one.