Forex is a market, participated in all over the world, where people can trade currencies for other currencies. You can buy one currency, like the Japanese yen, and then watch the markets to see if there is another currency you should trade it for, like the American dollar. If his assumption is correct, his trading yen for dollars will yield him a profit.
The use of Forex robots can be very costly. While utilizing these robots can mean explosive success for sellers, buyers enjoy little or no profit. Be aware of the things that you are trading, and be sure to decide for yourself where to place your money.
Stop losses are an essential tool for limiting your risk. Also called a stop loss, this will close out a trade if it hits a certain, pre-determined level at which you want to cut your losses on a specific trade.