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What is Forex Trading? http://www.financial-spread-betting.com/forex/forex-trading.html Top 5 Forex Questions. What is Forex trading and how does it work? Is it good to trade in forex? This is a beginner’s guide to fx trading. Forex trading is another phrase for currency trading or exchange rate trading.
Forex Trading for Beginners: Top 5 Forex Questions
1. What does forex trading mean? forex trading is speculating on the difference in one currency against another. (betting on the exchange rate increasing or decreasing) i.e. betting on the direction of one currency pair. example: USD/JPY
2. Why should I consider trading forex?
3. Is forex trading risky? Yes, it is risky although there are ways to mitigate risk. You can never eliminate the risk completely. If you trade with an ESMA broker (European regulated broker) you can never lose more than is in your trading account.
4. How can I trade a currency I don’t have?
5. How can I compete with the big institutions and banks? You can’t but you don’t need to as we are very small compared to them.
