{"id":1680,"date":"2023-11-05T12:29:28","date_gmt":"2023-11-05T04:29:28","guid":{"rendered":"https:\/\/thewebxite.xyz\/?p=1680"},"modified":"2023-11-14T11:17:06","modified_gmt":"2023-11-14T03:17:06","slug":"1-1-what-is-the-forex","status":"publish","type":"post","link":"https:\/\/web.okrebate.com\/ch\/1-1-what-is-the-forex\/","title":{"rendered":"1.1 What is the Forex?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1680\" class=\"elementor elementor-1680\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c815d4a e-flex e-con-boxed e-con e-parent\" data-id=\"c815d4a\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-c8d9bdd e-con-full e-flex e-con e-child\" data-id=\"c8d9bdd\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7454b61 elementor-pagination-position-outside elementor-widget elementor-widget-image-carousel\" data-id=\"7454b61\" data-element_type=\"widget\" data-settings=\"{&quot;slides_to_show&quot;:&quot;1&quot;,&quot;navigation&quot;:&quot;dots&quot;,&quot;autoplay&quot;:&quot;yes&quot;,&quot;pause_on_hover&quot;:&quot;yes&quot;,&quot;pause_on_interaction&quot;:&quot;yes&quot;,&quot;autoplay_speed&quot;:5000,&quot;infinite&quot;:&quot;yes&quot;,&quot;effect&quot;:&quot;slide&quot;,&quot;speed&quot;:500}\" data-widget_type=\"image-carousel.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-image-carousel .swiper,.elementor-widget-image-carousel .swiper-container{position:static}.elementor-widget-image-carousel .swiper-container .swiper-slide figure,.elementor-widget-image-carousel .swiper .swiper-slide figure{line-height:inherit}.elementor-widget-image-carousel .swiper-slide{text-align:center}.elementor-image-carousel-wrapper:not(.swiper-container-initialized):not(.swiper-initialized) .swiper-slide{max-width:calc(100% \/ var(--e-image-carousel-slides-to-show, 3))}<\/style>\t\t<div class=\"elementor-image-carousel-wrapper swiper\" dir=\"ltr\">\n\t\t\t<div class=\"elementor-image-carousel swiper-wrapper\" aria-live=\"off\">\n\t\t\t\t\t\t\t\t<div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"1 \/ 2\"><a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"7454b61\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTg4MSwidXJsIjoiaHR0cHM6XC9cL3dlYi5va3JlYmF0ZS5jb21cL2NoXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIzXC8xMVwvMS4xLVdoYXQtaXMtRk9SRVgtMDEuanBnIiwic2xpZGVzaG93IjoiNzQ1NGI2MSJ9\" href=\"https:\/\/web.okrebate.com\/ch\/wp-content\/uploads\/2023\/11\/1.1-What-is-FOREX-01.jpg\"><figure class=\"swiper-slide-inner\"><img decoding=\"async\" class=\"swiper-slide-image\" src=\"https:\/\/web.okrebate.com\/ch\/wp-content\/uploads\/2023\/11\/1.1-What-is-FOREX-01.jpg\" alt=\"1.1-What-is-FOREX-01\" \/><\/figure><\/a><\/div><div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"2 \/ 2\"><a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"7454b61\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTg4MiwidXJsIjoiaHR0cHM6XC9cL3dlYi5va3JlYmF0ZS5jb21cL2NoXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIzXC8xMVwvMS4xLVdoYXQtaXMtRk9SRVgtMDIuanBnIiwic2xpZGVzaG93IjoiNzQ1NGI2MSJ9\" href=\"https:\/\/web.okrebate.com\/ch\/wp-content\/uploads\/2023\/11\/1.1-What-is-FOREX-02.jpg\"><figure class=\"swiper-slide-inner\"><img decoding=\"async\" class=\"swiper-slide-image\" src=\"https:\/\/web.okrebate.com\/ch\/wp-content\/uploads\/2023\/11\/1.1-What-is-FOREX-02.jpg\" alt=\"1.1-What-is-FOREX-02\" \/><\/figure><\/a><\/div>\t\t\t<\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"swiper-pagination\"><\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-767bfce e-con-full e-flex e-con e-child\" data-id=\"767bfce\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a71cc0e elementor-widget elementor-widget-heading\" data-id=\"a71cc0e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h5 class=\"elementor-heading-title elementor-size-default\">1.1 What is FOREX?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a7cc395 elementor-widget elementor-widget-text-editor\" data-id=\"a7cc395\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<!-- wp:paragraph -->\n<p>FOREX trading is everywhere, and there are many examples of it in our daily lives.<\/p>\n<p>FOREX is not as mysterious as it may seem; many times in our daily lives, we unknowingly come into contact with FOREX. When we travel to another country around the world, we often need to exchange our local currency for the currency of that country. This process of exchanging local currency for the currency of another region or country is known as FOREX trading.The exchange rates between different currencies are constantly changing, either going up or down, which means that at different times, you may end up with more or less money when you exchange it.<\/p>\n<p>The FOREX market, also known as the currency market, is the largest financial trading market in the world, with a daily trading volume of $7.5 trillion. What does $7.5 trillion mean? We know that the New York Stock Exchange (NYSE) is the largest stock market in the world, with a daily trading volume of around $200 billion, but the FOREX market is still 37 times larger than that.The bigger the pie, the greater the opportunities. This is one of the main reasons why traders worldwide are enthusiastic about the FOREX industry.<\/p>\n<!-- \/wp:paragraph -->\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5b9223a e-flex e-con-boxed e-con e-parent\" data-id=\"5b9223a\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-243353e elementor-widget elementor-widget-text-editor\" data-id=\"243353e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<!-- wp:paragraph -->\n<p><strong>The Legend of Soros &#8211; Starting with the FOREX Market <\/strong><\/p>\n<p>I believe that those of you who frequently follow financial news have heard the name George Soros from time to time. This legendary figure in the world of FOREX is hailed as the man who defeated the Bank of England. In September 1992, Soros used $10 billion to short the weak European currencies. On September 15th, Soros heavily shorted the British pound, causing it to plummet against the German mark. Despite the Bank of England&#8217;s purchase of \u00a33 billion, it couldn&#8217;t halt the decline of the pound. By the close of the market, the pound had almost reached the lower limit set by the European Exchange Rate Mechanism. On September 16th, the British government was forced to exit the European Exchange Rate Mechanism completely.<\/p>\n<p>As a result, Soros made a net profit of $650 million, becoming a legendary figure in the financial world.In 1997, Soros once again set his sights on the overheated and inflation-ridden Southeast Asian markets, selling massive amounts of Thai baht. The Thai baht plummeted, and his actions led to the disappearance of billions of dollars in wealth from Southeast Asian countries, triggering the famous Asian financial crisis.<\/p>\n<p>Therefore, FOREX trading played a pivotal role in Soros&#8217;s success.<\/p>\n<!-- \/wp:paragraph -->\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>1.1 What is FOREX? FOREX trading is everywhere, and the &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/web.okrebate.com\/ch\/1-1-what-is-the-forex\/\"> <span class=\"screen-reader-text\">1.1 What is the Forex?<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[45],"tags":[],"class_list":["post-1680","post","type-post","status-publish","format-standard","hentry","category-investor-education"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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