Forex is short term or a term used to describe  “Foreign Exchange.” Forex is the Largest Financial Market in the world, trading 5.3 Billion a day! Forex has been around since the middle of the fourth century. Forex is NOT a company you work for it is the market we trade in. One may ask “Is FOREX legal?” Yes, Forex is 100% Legal and all around the world.

Traders make money with Forex by buying/ selling currencies & crypto currency exchange rates. Exchange rates are rates “Buyers” pay in order to exchange the currency for others. Supply and demand influence exchange rates. The higher the demand for currency, the higher the rate increase.

” Do Forex traders keep all of their profits?” Yes, one can withdraw one’s money as soon as it is made! A wire or Btc transfer or debit card withdrawal Depending on Broker would be made to one’s account within 2-3 days, depending on one’s bank. Traders profit in the Forex market by buying a currency when its low and selling the currency when it’s high. You do not need hundreds or thousands of dollars in your bank account to invest in Forex! Actually, all you need is between $10-$150 to start scalping with some brokers.

“Will you get rich overnight?” No. Forex trading is not a “Get rich quick scheme” or a “Pyramid Scheme.” This is a powerful skill set one learns, and it’s impossible to learn overnight! Once one studies and masters this skill, it will pay you for the rest of your life! One CAN make a living from Forex and use it as a primary source of income.  ONLY if you put in the work, use proper risk management, and make smart trades using the scalping method.