What is forex and how to trade it

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What is forex and how to trade it?

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Take a closer look at everything you need to know about forex, how to trade it and how leverage works in forex.

Are you interested in trading forex with us?

The forex market is one of the largest financial markets in the world that attracts more and more retail traders and investors, with an average daily trading volume of $5 trillion, and numerous trading pairs. currencies to invest in 24 hours a day.

Discover the characteristics of forex trading and how to invest in this market through derivative products such as Turbo24, CFDs, barrier products and options.

What is forex ?

Forex (Foreign Exchange Market), also known as foreign exchange, FX or currency trading, is an international over-the-counter market, where investors trade global currency pairs at an agreed price. 'advance.

Basically, this foreign exchange market is used to respond to practical situations such as helping businesses that need foreign currency to carry out their international commercial operations, or individuals who need to change their currency before traveling.

What is forex trading?

Forex trading involves taking positions on changes in currency prices. Note that currency exchange operations are a common activity, practiced every day by different entities such as governments, banks and even individuals.

Forex investors seek to take advantage of upward and downward price movements of currencies, in order to make profits by buying and selling one currency against another.

This is why it is important to learn to control the risks of forex, by opting for a broker offering suitable risk management tools.

Start trading forex today by opening an IG demo account on our online trading platform.

Who trades forex?

The most important players in the forex market are:

v  Central banks

v  Hedge funds

v  Brokers

v  The states

v  Investment funds

v  Traditional banks

v  Professional investors and individual traders

Why invest in forex?

Investing in forex offers opportunities such as:

v  The ability to open up and down positions using derivatives such as Turbo24

v  A market open 24 hours a day, 5 days a week, from 10 p.m. Sunday to 11 p.m. Friday (Paris time)1.

v  Exceptional liquidity

v  High volatility

v  Leverage to amplify gains

v  A wide variety of currency pairs

v  The ability to execute hedging transactions

v  Multiple ways to invest through a range of trading platforms available online such as Prorealtime and MT4.

10 tips to know for trading forex

v  Define a good trading strategy and your goals

v  Choose a regulated online broker and a good brokerage and trading platform

v  Use a Beginner Demo Trading Account

v  Limit your losses by using stop-losses

v  Learn risk management

v  Control your emotions and avoid unnecessary stress

v  Use the economic calendar and trading news

v  Calculate your future gains by determining your entry and exit points

v  Perform an analysis of your trades on the weekend

v  Be focused and accept small losses

 

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