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What is Forex?
Most of you people, actually participated in forex? If you guys have some uncle living abroad,
in some other country(suppose USA), and they came to your country and gave you
100$ and, you went to money exchange, and you ask what is the rate of (PKR)..
and he replies, 95.68 (this rate changes all the time) . you give him, 100$ and get, By that time you were exchanging money ... infact you participated in forex, you sold one currency and bought other.. that's what we call forex (foreign exchange.)
for little money like, 100$ a point change does not matter. but suppose
if you are exchanging 100,000$ and exchanger offer you 95.68 ,
you get 9568000 , and on the second day you came again, and the rate is now, 99.20
if you exchange 100,000$ now, how much PKR you get?
9920000
you get extra 35200 PKR WOW ? is it amazing? but guess what,? if price moved down?
at 91.22 ? then? how much you lose? .. you got it?
i hope so? How much someone can earn from FOREX?FOREX daily trading volume for us traders is more than 1 trillion $$ per day .. ? how much you wana earn?
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