Forex” is short for foreign exchange. Quite often you can meet Forex to be also abbreviated as FX.
Forex trading is quite simple: you buy one currency while simultaneously selling another - that is, you’re exchanging the sold currency for the one you’re buying. Your goal is to buy currency and resell it for a better price - this is where you or your trader or your Forex trading robot are making profits.
Forex trading is done by managed Forex accounts through Forex brokers. Forex accounts are essentially foreign exchange currency accounts.
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