Forex is an abreviation of Foreign Exchange. It is a simultaneous buying a currency and selling the other. It sometimes represented by the letters “FX”.

Forex also refers to the foreign exchange market. The brokerage firms and banks are connected in an electronic network that allows them to convert currencies

Forex Trader is a person or a firm who buys and sells currency to make a profit.

Forex Simulator a software program that enables foreign currency exchange traders and students can practice as if they’re in the real foreign exchange market.

Forex Club is a groups formed in the major financial centers to encourage educational and social contacts between foreign exchange dealers.

Forex Trading Risk is the risk in the foreign exchange business due to the rise and fall of every currency.

Forex Scam is any trading scheme used to defraud individual traders by convincing them that they can expect to gain a high profit by trading in the foreign exchange market but ended up lossing their money to the scammer.

Forex broker is the intermediary between buyer and seller.

Retail Forex it is actually a subset of the larger foreign exchange market.

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