Forex betting, which is also referred to as Forex trading, is buying and selling pairs of currencies to try to make a profit from either the increase or decrease of the value of those currencies.įorex trading is the conversion of a currency into another one trying to make a profit. When it comes to how to bet on forex, you have to know what forex is, as it is an abbreviation for foreign exchange, and the exchange is one of the currencies on the financial market.