Something To Share: Intro to Forex

This is a literature review regarding on FOREX. Don't misunderstood me okay. I am not a FOREX player so whatever but i love to spend my freetime on doing research on something that MAY bring FORTUNE. However this is just a result from my findings only ok.

First, what is FOREX itself?

FOREX= Foreign Exchange

Analogy:
Imagine u r a very stunning cool person from USA coming down to Malaysia just for purpose of fishing. Once u arrived at airport, u change your money from Dollar to Ringgit Malaysia.
Actually by converting your money into other currency, you have involved in FOREX ok.
lets say you traded 20 dollar for 64 ringgit and you didnt use any single cent during your vacation okay (u eat fish that u caught,u sleep on beach under coconut tree, and u dont use money). And before you fly back home, you want to change back your money into the dollar currency. This time you wont get exactly 20 dollar since the dollar currency drop suddenly that time( this time you feel like a loss for not using ur money during vacation).

Next, How do you gain PROFITS in foreign exchange?

These changes in the exchanges rates will allow you to make money in the foreign exchange market.

FYI, the The foreign exchange market, which is usually known as "forex" or "FX," is the largest financial market in the world. Compared to the measly $153 billion a day volume of the New York Stock Exchange, the foreign exchange market looks absolutely ginormous with its a day $ 4 Trillion trade volume. Forex rocks !!!( Fact: it is basically 53 times bigger than NYSE, New York Stock Exchange)

However, after research made, That huge $4 trillion number covers the entire global foreign exchange market, BUT retail traders (that's us) trade the spot market and that's about $1.49 trillion.

So now you know not to be fooled when you read how the forex market is so huge. It's definitely huge, but not as huge as the media would like you to believe.