eli5: What does it mean to be a forex trader? 313 viewsJanuary 3, 2024 Question90.63K September 22, 2021 0 Comments My uncle says he trades forex for a living. What exactly does this mean/what exactly does he do? In: 1 4 Answers ActiveNewestOldest Anonymous Posted September 22, 2021 0 Comments Forex stands for foreign exchange. It basically means trading currencies for other currencies and making money on changes among exchange rates. But $100k worth of Yen at 110:1 ratio today, sell in a few days when you can sell 100 Yen for each $1. You are viewing 1 out of 4 answers, click here to view all answers. Register or Login
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