What is ForexTrading
Hi,We will be covering the basics of Forex Trading Like What is Forex Trading Benefits of Forex Trading What are Forex Markets? And how you can earn money with Forex Trade? So Let us first understand what is Forex Trading? In simple terms, Forex Trading is buying and selling of currencies. Exchange rate of a currency changes all the time and Forex traders try to capitalise these fluctuations. They buy a currency at a lower rate and sell it at a higher exchange rate. In India, Rupee is generally evaluated against US Dollar. So, how can you benefit from Exchange rate? Let’s suppose you are travelling abroad and you need 100 Dollars. And the Rupee dollar exchange rate at that time is Rs. 70. So you will have to pay Rs. 7000 to get 100 US Dollars. But you decide to wait for some time before buying dollars. In a week’s time, exchange rate declines to Rs. 69. So now, you will have to pay Rs. 6900 to buy 100 US Dollars.A Benefit of Rs 100. In a similar manner, forex tra...