To trade forex, you must use trading platform. What is a trading platform? A trading platform is software, which connects a trader with a broker. Trading platform provides information in the form of market data in real time.Traders can place orders via trading platform and then those orders are executed by forex broker.
In forex, traders attempt to profit by actively speculating on the direction of exchange rate between a currency pair. Forex traders will buy a currency pair if they expect its exchange rate will rise in the future and sell a currency pair if they expect its exchange rate will fall in the future.
Forex trading comes with its very own set of terms. Understanding these terms is necessary before you jump into forex trade. In this article, we are going to discuss the most common forex terms that you will encounter on your trading
The forex market is the market in which participants are able to buy, sell, exchange and speculate on currencies. Like market in real world, the forex market consist of many participants. The forex market s made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors.
Forex trading offers a lot of advantages than other financial instruments. Here are just a few reasons to consider forex trading.