The foreign exchange market, where dealers buy and sell currency pairs in an effort to turn a profit, is referred to as the forex market.

You must locate an internet broker, create a trading account, and fund it with your initial deposit.

Numerous factors, including economic and geopolitical ones, influence the price. The FX market is greatly influenced by central banks, politics, natural disasters, armed conflicts, and other news events.

Trading differs from gambling in that you utilize actual facts to make judgments about what to trade and when. Although there is no way to foresee the market’s behavior with absolute accuracy, trading decisions are significantly more well-structured than gambling.

Yes, provided that you are knowledgeable and operating according to a solid trading strategy.