what is FOREX i heard you can earn lots cash

January 16, 2012 10:44am CST
Can somebody pls explain to me what is forex all about
2 responses
@puccagirl (7294)
• Israel
16 Jan 12
It's basically about trying to predict how foreign currencies are going to go up or down. So you invest in a currency you believe will go up, and sell the currency you bought when it is worth more than what you got it for, and so on. It's kind of like doing stuff on the stock markets, with stocks, except that instead of stocks, you use foreign currencies, like the US Dollar, GBP or the Euro. You have to learn a lot of strategies and stuff to be really good at it though, so it's not really a very easy way to make money or anything.
1 person likes this
18 Jan 12
I see is worth investing on it I want the profit fast
@jkct02 (2874)
• Kota Kinabalu, Malaysia
17 Jan 12
Forex is a casino if you are not good in it. It is not easy to explain here as it is complicated and involving a lot of factors. As for what FOREX is, you can read a simple outline from puccagirl above. I was a player and I caution any would be players to stay away until you have truly understood what it is and the techniques and strategies to trade successfully.