FOREX is the abbreviation of Foreign Exchange Market.
Or it could be easily summed up as the rate of exchange of one currency to another. For instance, the American Dollar with the Japanese Yen, etc.
Exchange rates vary on a consistent basis just like the stock market does. Also, it differs from the stocks on many ways. Some of them are:
It has the largest trading volume when compared to the stock markets.
Forex operates 24*7.
Exchange rate changes for multiple factors.
Central banks are one of the major deciding factors in the FOREX markets as they are trying to control inflation, money supply and interest rates.
Forex trading has also been prone to many scams. The governing bodies of the countries have always made strict regulations for Forex trading and their respective brokers.
Even Though all these are there, you should always be careful while dealing with the brokers to ensure that you are treated fairly.
Multi Level Marketing has now began to enter the world of Forex trading.
Not many Forex Multi level marketing companies are there in the sector. But we will try to focus the best two ones in the field right now.