The term Forex stands for "Foreign Exchange", which is a gain method based on the exchange of foreign currencies. In a nutshell it speculates on the foreign exchange market, where the marketplace means the place where goods are bought and sold.
HOW DOES IT WORK?
In the Forex market you buy and sell international currencies. Consequently, you can buy Sterling by selling Dollars, Euros in exchange for Yen, of course when it's all more economically productive.
Currently, with around 3 trillion exchanges per day, Forex is the largest market in the world.
WHO WILL PARTICIPATE?
These exchanges can all take part, from banks to private individuals, from entrepreneurs to family patrons. Nevertheless, I feel obliged not to recommend this practice to anyone who does not know the business world well.
HOW DO YOU MAKE MONEY?
Gain can not be determined objectively (but not even the fact that there is..!). It's a market like the stock market and you can understand that the economy is not always in the direction we invested our money.
However, returning to the question, the gain depends first of all on the figure we are investing and secondly by the exchange rate.
Let's take a practical example.
You want to buy Dollars using 1000 Euros (the exchange rate is $ 1.46/$): we will buy $ 1460.
After a while we decide that it's time to buy back Euro, so we sell our $ 1460 (exchange rate varied to $ 0.71 / €): we will buy $ 1036.36.
After this simple operation we will have earned 36.6 €.
LIST OF BEST BUSINESSES