What is Forex trading and how did the name originate?
The Forex trading name derived from Foreign Exchange. The first three letters of Foreign and the first two letters of Exchange are added together.
Forex trading is about dealing in international currencies to make money. When trading in the stock market we sell the currency of one country to buy that of another, hoping to make a good profit.
Before the onset of the internet, Forex trading was open only to multinational corporations and banks. Now, many people work from home with their Forex trading money business.
The Forex trader deals in Foreign Exchange at the most appropriate time to profit from the transaction. Dealing in the stock market requires a good ability to forecast the outcome of all currency transactions.
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