What is Forex?

The profit you make in the Forex market consists of the difference between the initial price and the closing price. Commissions for initiating and transferring transactions also affect the amount of profit you earn. If you go long or short, you will profit from the price increase, while going short will cause you to lose 6% of your capital. However, if you have a short trade, you can close it manually if necessary.

To trade on the Forex market, you must understand spreads and courtiers' remuneration. The spread is the difference between the bid and ask prices for each currency pair. It varies by currency pair and courtier, depending on the market. This difference is called the spread, and the wider the spread, the greater the risk and the greater the reward. While it is important to understand the spread, it is also important to understand that you are trading in a market filled with thousands of currencies.

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