Nowadays forex trading is the most popular way of trading. The Forex Market, also known as the ‘Foreign Exchange’ or the ‘FX’ is the most largest market in the world, where currencies are traded. 24 hours a day and 5 days a week, more than 4 trillion dollars are exchanged.
On the Forex Market you can speculate with a large amount of money without a large investment. With an investment of 200 Euros, you can open a position of 20,00 Euros or more and still you can benefit from the changes in the larger position. A small difference in the currency price, can give you a large profit.
For example: if you think that the Euro will rise against the US dollar, you can decide to buy a currency pair of EUR/USD for a low price. When the Euro rises, you can sell this currency for a higher price and you will make profit.
Start Forex trading?
Want to start Forex trading? Or want to learn more about Forex trading? Compare the CFD and Forex platforms and try a free demo account or open an account right away. With an account you can also trade currencies on the Forex market. A free demo gives you the opportunity to practice with a fictitious capital. This is a way to learn how Forex trading works.Read More