If you have ever travelled to a foreign country, you may have needed to exchange your money for a different currency. If so, you have already participated in forex trading. “Forex” is the short form of foreign exchange. It can also be referred to as “FX” and currency exchange.
Forex trading in a nutshell
As you can imagine, forex trading is a bit more than just exchanging currencies for a holiday. Companies use different currencies to buy goods in other countries. In order to buy these goods, they need to obtain the local currency first, just like we would when going on holiday. The difference is that these companies will exchange huge amounts.
With all of the exchanging of currencies happening around the world, the exchange rates are constantly moving. At tradimo, you can learn the principles behind forex trading, technical and fundamental analysis as well as the importance of strategies, psychology and money management in trading.
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