Forex trading is like a simple trading. If you already know about trading then this will help you to knowing easily about Forex trading. In forex trading we can trade in currencies and commodities. Currency like EURUSD , GBPUSD , EURINR etc. And if we talk about commodities it's like XAUUSD(Gold) and Silver. You can trade easily in different currency and metals like gold and silver.
Now if we talk about Forex trading. Its like trade international instruments. There are many brokers they provide their platform to trade in forex trading. In simple words if you want to trade in internationally currency and commodities then Forex trading is for you. For Forex trading you have to open an account in many brokers that are doing their work in different countries all around the world.
There are many brokers that provides account opening all around the world. Some of them are here.
1. Exness
2. Xm
3. Octafx
4. IC markets etc.
These are the some main brokers that are leading from last many years.
Why Forex trading different from another trading?
1. It provides maximum leverage on your account. It like if 1:100 , 1:200 and some of them 1:3000.
If you are confused that what is this. Its like if you have 1 Dollar then you can trade 100 dollar quantity with 1 dollar. if we talk about 1:3000 then its trade 3000 dollar quantity with 1 dollar. Its simple explanation of leverage.
2. It provides different currency accounts.
So you can trade in different currency with different account currencies.
3. You have to chance to trade in volatile market. Because forex market is very volatile.
So this like simple trading that is trade in different countries. Because different countries have different Exchanges. Like Bombay stock exchange in India.
So if you want to trade international market so this means Forex market.
But Forex trading is very risky so trade at your own risk.
Because money earning process is harder. So trade safely.
Note: this is only for educational purposes. Trade at your own risk.
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