章節 3  WHAT IS FOREX?

Forex trading is short form for "foreign exchange "trading or simply we call it money exchange.it alsobeen call as spot market.


Example:


You go to money changer, with current price 2 SGD for 1 USD, you exchange 400 SGD to get 200USD. when the value of USD currency increase from 1 USD equal to 3 SGD u already gain 100 SGD


All transaction buyer and seller are doing online using the platform that already build in the market.


DIFFRENT BETWEEN FOREX AND STOCKS


STOCKS


FOREX


Buy and sell stocks


Buy and sell currency


Have thousands of company stocks inmarket


There are 6 main currencies in this world


Buyer and seller have limit


Doesn't have limit


There are some stocks are hard to buy or


Easy for us to buy or sell


sell


Can trade while office hours only


Can trade 24 hours on weekdays

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