What is Forex Trading?
If you invest 5000 euros and the exchange rates move from one point four to one point three instead of getting just 5000 euros back you actually get five hundred and thirty eight and a half euros you have gained thirty eight and a half Euros simply from holding your money and dollars while the exchange rate changed.
this is essentially how we trade in the forex market we buy a certain amount of a currency hold on to it whilst the exchange rate moves then change it back making money along the way.
As you can imagine traveling a lot and saving a bit of money on your holiday budget and then exchanging it.
It's not really a practical approach to trading currencies fortunately there is an easier way to do this you can trade currency through online exchange offices called brokers.
What this means is that you can exchange currencies online throughout the day and take advantage of the constantly fluctuating exchange rates just as in the example of when you went on holiday.
You combine different currencies and make a profit as the exchange rates change.
This is trading the forex market online with a broker has many benefits you can trade Forex from your home or anywhere that you have an internet connection.
The forex market never sleeps it is open 24 hours a day five days a week and so can suit your daily routine you do not need a huge budget to get started as little as a hundred and fifty dollars is enough to begin trading and building your account over time of course it will require some learning until you get there.
Our reviews and broker comparisons help you navigate your way through the forex markets.
Who trades forex and why
Advantages of Forex Trading
Low barrier to entry
Better risk management
Trade anytime you want
Low transaction cost