Well, there are hundred of thousand websites related to forex trading and forex information, this one is also for forex trading and its material, so what is new in this blog? why you shall keep reading and subscribe this blog?
The answer is, I am a very old forex trader and I know so many things and some secrets of forex trading, that's why I think that I can give you some good information related to forex trading and forex market. In this post, I am going to tell you about the initial information about forex trading.
Basically, the word forex stands for "Foreign Exchange", but we know it as forex, so that's why it has become popular on internet. In ancient time, this business was done by manual dealing, in which some people come USA and they used their own currency, (it is a story that I heard somewhere).
They did not have american dollar and they were european, so they need to spend their vacations in america, that's why they decided to change the money to other currency and that was the beginning of this lucrative business. After all that dealing, the people involved in this business set the price with dollar against the counter currency, and then this business started between some businessman, and after the revolution of technology and access to internet, this limited business rose up and now it is more than three trillion US Dollars a day business in the world, if we call it the world's biggest business market, then it will be true.
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This is just a basic information that I knew about forex. Nowadays a lot of people working and trading in forex market day and night. There are some sessions that make this business very much lucrative and attractive and that's why the traders in this market are rising day by day.
I hope you will like this post, I will wait for your comment, please comment below, if it helps you.
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