Is The FOREX The Market To Trade Your Way to Riches?
Ever watch the news and see the ending FOREX trades of the currency markets? They’re usually based on how individual currencies traded against the dollar. FOREX is the abbreviation for the Foreign Exchange market. FOREX is a market where the value of individual currencies from all over the world are traded. The currency market today began in the 1970s as currencies that were historically tied to the gold standard, or the price of gold, were decoupled and allowed to float.
So instead of a dollar having a gold based value, it’s value is now determined by the other currencies in the world. FOREX can be an investors paradise as it’s as close to a free trading market as you can get. Almost anyone can invest in FOREX because it’s simply the trading of 1 currency for another.
So how does this work? Let’s say that you believe the United States market is going to be suffering from inflation. That is, the value of the dollar, over the next year or so is going to go down….and all 100 dollars of your savings is in US dollars.
One way to trade the FOREX would be to...
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