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If you have ever travelled to a foreign country, you may have needed to exchange your money for a different currency. If so, you have already participated in forex trading. “Forex” is the short form of foreign exchange. It can also be referred to as “FX” and currency exchange.
If you have ever travelled to a foreign country, you may have needed to exchange your money for a different currency. If so, you have already participated in forex trading. “Forex” is the short form of foreign exchange. It can also be referred to as “FX” and currency exchange.
Being traders, we need to understand that nothing really depends on us in forex, as an average trader deals with small sums of money that are not reflected in ine price of currency or assets.
Well it is true that individual traders don't make much of an impact but combined it can pile a lot. But again different traders have different mindset so gathering collective emotions of traders is not a possible thing for retail traders.