1) What is Forex?
Forex stands for Foreign exchange. The Forex market has very high liquidity and involves transaction of $2 trillions a day. Prior to 1998, the Forex market was a game for large financial firms, trading companies and banks. Since 1998, the Forex market is opened to everyone. And now, everyone can involve in the Forex through numerous brokers with a low capital. Some brokers provide a mini account for as little as $250 deposit. In Forex, people trade different types of currencies.
2) How does Forex work?
The Forex plays a major role in the world economy and is a major indicator of the economic strength of a country. All tradings in the world, both export and import, involve Forex. For instance, trading between Singapore and United States will involve Singapore Dollar (SGD) and US Dollar (USD).
3) What are the advantages of trading in Forex?
There are many advantages. For instance, the Forex market runs for 24 hours. So, you can trade anytime you want. Besides, trading Forex generally has lower risk as compared to other investments such as stock.
4) How to trade currencies?
You can start trading through different online Forex brokers. The brokers provide either online Java real-time Forex platform and some require you to download the Forex platform. You can start trading currencies in through the platform.
Forex stands for Foreign exchange. The Forex market has very high liquidity and involves transaction of $2 trillions a day. Prior to 1998, the Forex market was a game for large financial firms, trading companies and banks. Since 1998, the Forex market is opened to everyone. And now, everyone can involve in the Forex through numerous brokers with a low capital. Some brokers provide a mini account for as little as $250 deposit. In Forex, people trade different types of currencies.
2) How does Forex work?
The Forex plays a major role in the world economy and is a major indicator of the economic strength of a country. All tradings in the world, both export and import, involve Forex. For instance, trading between Singapore and United States will involve Singapore Dollar (SGD) and US Dollar (USD).
3) What are the advantages of trading in Forex?
There are many advantages. For instance, the Forex market runs for 24 hours. So, you can trade anytime you want. Besides, trading Forex generally has lower risk as compared to other investments such as stock.
4) How to trade currencies?
You can start trading through different online Forex brokers. The brokers provide either online Java real-time Forex platform and some require you to download the Forex platform. You can start trading currencies in through the platform.
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