If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.<\/p>\n\n\n\n
Once upon a time, before a global pandemic happened, people could actually get on airplanes and travel internationally.<\/p>\n\n\n\n
If you\u2019ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.<\/p>\n\n\n\n An exchange rate<\/strong> is the relative<\/em> price of two currencies from two different countries.You find \u201cJapanese yen\u201d and think to yourself, \u201cWOW! My one dollar is worth 100 yen?! And I have ten dollars! I\u2019m going to be rich!!!\u201d<\/p>\n\n\n\n When you do this, you\u2019ve essentially participated in the forex market!<\/p>\n\n\n\n You\u2019ve exchanged one<\/em> currency for another<\/em><\/strong>.<\/p>\n\n\n\n Or in\u00a0forex\u00a0trading terms, assuming you\u2019re an American visiting Japan, you\u2019ve sold dollars and bought yen.<\/p>\n\n\n\n <\/p>\n\n\n\n Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have remaining (Tokyo is expensive!) and notice the exchange rates have changed.<\/p>\n\n\n\n <\/p>\n\n\n\n It\u2019s these changes in the exchange rates that allow you to make money in the foreign exchange market.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" What is forex? Quite simply, it\u2019s the global financial market that allows one to trade currencies. If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit. Once upon a time, before a global pandemic happened, people could actually get on airplanes and travel internationally. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[784],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/9375"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=9375"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/9375\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=9375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=9375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=9375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Foreign](\"https:\/\/bpcdn.co\/images\/2018\/07\/04130323\/foreign-exchange-booth.png\")
<\/figure>\n\n\n\n
You go up to the counter and notice a screen displaying different exchange rates for different currencies.<\/p>\n\n\n\n![\"Currency](\"https:\/\/bpcdn.co\/images\/2018\/07\/10221925\/exchange-currency-150x150.png\")
<\/figure>\n\n\n\n