smartwise

Forex (Foreign Exchange): Think of forex like exchanging your travel money. You're buying and selling currencies like US dollars or Euros, hoping their exchange rate goes up in your favor. It's a decentralized marketplace, but regulated by governments and banks. Stocks: Here, you're buying a piece of a company, like a tiny slice of Apple or Nike. You own a share of the company and hope it does well, making your share more valuable. Stocks are traded on regulated exchanges like the New York Stock Exchange, with set hours for buying and selling. Cryptocurrency (Crypto): This is like buying special internet coins. These digital assets (like Bitcoin) are completely new and not controlled by any bank or government. Their value can fluctuate wildly, so be prepared for a bumpy ride! Crypto is traded on decentralized exchanges, which can operate 24/7.