Browsing: Forex brokers

Forex trading is not something new to financial players nor is it a trend of recent past, its growth between business and financial players has continuously proved its popularity among the retail traders for over a decade now and counting, thanks to technological advancements and low barriers to entry. You or your friend might have been interested to for a while now to join the Forex trading but for one reason or the other you don’t know the dynamics involved in the trade [of the Forex market]. Well here is an introduction to aid you through, it will help you decide whether Forex trading is right for you or not.

Definition Of Forex Trading

Forex trading is one of the most popular markets to trade. It is easy to start, and you can take advantage of a market that is open 24/5. All you need is knowledge of what makes …

Forex trading is the buying or selling of currency on the international currency market.

Forex trading aims at extracting profits from the price movements of the currencies. Therefore, forex traders aim to make money from buying a currency at a low price or exchange rate and selling at a higher price. It involves two currencies while the trade is facilitated by a forex broker.

Traders often use margin trading to speculate on currencies, risk factors increase due to the involvement of leverage and margins which leads traders to risk even more than their invested amount.

Forex Trading

Forex trading determines the exchange rates of all global currencies and is the largest financial market in the world with daily transactions of $6.6 trillion. Forex trading has high liquidity, operates 24-hours, has low transactions costs, easy to use platforms and has fast-paced regulations.

In the past foreign exchange market was limited to …