Forex, short for foreign exchange, involves trading currencies with one currency being bought, while another is sold. The value of currencies is dynamic and determined by supply and demand in the market. Starting a forex business can be a lucrative opportunity for those seeking a career in finance.
A forex business can be conducted independently or through employment with a financial institution. As an independent trader, an individual has complete control over their trading decisions and profits. Alternatively, working for a financial institution provides stability and support, including access to resources and training programs.