A Quick Introduction to Forex and Forex Brokers

Foreign exchange reading has always been popular, and with the advent of automated trading bots, it has become a much more widely accepted activity. This article will give you an overview of what forex trading is, how it happens, and the state of Liteforex in Thailand.

What Is Forex?
Forex is a combination of the words Foreign Exchange. It is the process of changing or converting one currency into another for the purposes of trade, finance, or tourism. For the purposes of this article, we will take Forex to refer to the process of trading.

What Happens in a Forex Market?
A foreign exchange market is simply where currencies are traded against each other. It is a very important and interesting process, and the world as we know it would come to a standstill. Why? Suppose you live in Thailand and want to buy a Japanese manga, an Indian spice, or a French wine. You need to pay for the goods in either Yen, Rupees, or Euros for any of those transactions.

continue reading ...