Why is regulation important? Types of Regulatory Bodies: Why do brokers go to less strict countries? Be cautious: Checking a Broker’s Claims: Try Before You Invest Big: Remember, always do your research before choosing a forex broker. Your money’s safety …
Is the Forex Broker Trustworthy?Who Are You Dealing With? Before diving into the world of forex trading, it’s vital to ask: is the broker you’re considering both genuine and reliable? Recognize that even if you know a broker’s name, it …
Entering the world of Forex can feel like stepping into a jungle. Foreign Exchange, more commonly known as Forex. Like any other form of investment, it comes with its own set of risks and rewards. But before you start trading, …
What’s Margin? Imagine you want to invest in foreign currency (like buying dollars with yen). Instead of paying the full price, you can just pay a tiny bit of it. This small amount you pay is called a “margin”. It’s …
In your trading software, you might encounter terms like “Unrealized P/L” or “Floating P/L” with varying positive or negative figures. Here’s what they mean: 1. Unrealized P/L or Floating P/L: Example: Suppose you buy 10,000 units of EUR/USD at 1.15000. …
Understanding Account Balance Wondering what “Account Balance” is? Let’s break it down. Imagine you want to start trading currencies. First, you need to open an account with a trading company. Once you’re set up, you can put money into that …
Imagine wanting to purchase a car, but you only have a portion of the required funds. Someone steps in and offers to provide the remainder, allowing you to acquire the car immediately. This concept mirrors margin trading, but instead of …
Imagine you’re keen on investing your money. You’re presented with two principal avenues: the stock market, bursting with thousands of individual companies, akin to a vast mall teeming with over 6,000 stores. Then there’s the Forex market, predominantly focused on …
Why People Trade Forex: The Perks People choose to trade in the forex market for several cool reasons: Now you know why forex is popular! See how it’s different from the stock market next.
Once upon a time, trading foreign currencies (known as Forex or FX) was a sophisticated and exclusive activity, meant only for experts and big financial institutions. However, as technology progressed, things changed dramatically. Now, anyone around the world can take …