PDA

View Full Version : Forex? What does it mean by Forex??



mohamedfawzy
05-05-2020, 09:35 PM
Forex trading is all about buying and selling currencies based on the forgien exchange market prices. Also this market is open 24 hours, five days a week across different time zones. You can trade in Forex or FX market using currency pairs you can trade with ATFX (https://www.atfx.com/gm/en/) and know how to trade


Trading in Forex is different than online stock, as you need to educate yourself well before getting into it. Know what this market includes from market trade, stop loss, day orders, trailing stops, etc. So here are some steps to help you to start investing in online stock market:
Decide which way you want to invest using stocks.
Open an account.
Know the difference between stocks.
Set your budget.
Start your trading journey.


Currency trading is a good way to start trading in, as currency trading is all about credit agreements. Just know the strategy that you will follow and start to make profits through simple and easy steps; choose what type of currency pair you want to trade with, then decide what type of FX trade either spread betting, CFD or Forex trading. Then decide whether you want to buy or sell. Monitor the spreads to take your decision based on it and take your action to close the trade.

Another market you might be interested in is the oil trading. It has several advantages as investing in oil is a good strategy against exposure if the market turns down. And to trade in oil it needs more education and consideration more than other types of trading. Also there are a lot of methods to invest in this market such as, buying oil barrels, CFDs, shares and many more. Everyone of these require more education and a plan to follow in order to make profits out of it.

And to start trading you need a broker to begin this journey with you. But you might be asking how can i choose the best broker or is there a Forex company ? The answer is, that the most brokers that gives you support are the best. So open an account with a broker that you can trust whether its a national one or an international one.