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FOREX

What is Forex?

Forex which is known as “Foreign Exchange” or “FX” and it’s one of the largest financial market with more than 3 trillion Dollars traded every day where you trade one currency for another by selling this currency or buying it.
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This market is conducted in pairs, the traders always trade one currency against another one, the major currencies are EUR/USD, USD/JPY, USD/CHF, GBP/USD, AUD/USD, NZD/USD.
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Unlike Stocks, futures or options, currency trading doesn’t take place on a regulated exchange; it’s not controlled by any central governing body.
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Why you should trade Forex

  • Forex is up 24 hours/5 days a week, which never sleeps
  • You can choose short or long deals which is not available to you if you’re trading in stocks.
  • Your cost is lower; you can start with the amount you feel it’s good to start with; you don’t have to start with a huge balance.
  • Up to 1:400 leverage
  • International market, that you can expect the movement of the currency based on the market news and financial market updates.
  • The ability to trade on 6 major couple currencies, and more than 30 minor currencies.