Chapter 1 DEFINATION,HISTORY, BENEFITS AND CHALLANGE OF FOREX TRADING
The term "Foreign Exchange" (abbreviated as "Forex") refers to the exchange of foreign currencies.
Each country has a different currency and value, as a result of that, there is a business of buying and selling between one country and another.
Forex is the World's Largest Financial Market involving transactions of approximately USD 5 Trillion per day (RM 16,500,000,000,000)
The Forex market is open 24 hours a day and 5 days a week (Monday - Friday). Beginning in Australia and New Zealand, the primary forex market then traded in the Japanese yen and, later, the British pound. Again, the U.S. and Canada. The markets are closed on Saturday and Sunday.
Additionally, FOREX has become the most well-known alternative due to ROI (Return On Investment) and profit margins that are expected to outperform other forms of trading (return around, ranging from 5% to 10% per month, though professional traders may be able to achieve more than 100% per month).
When you move too quickly and without the necessary expertise and sound money management, FOREX also carries a big risk.
