The Market
The forex market is run by a global network of banks, spread across four major forex trading centres in different time zones: London, New York, Sydney and Tokyo. Because there is no central location, you can trade forex 24 hours a day.
Forex
trading is the act of buying or selling currencies. Banks, central banks, corporations, institutional investors and individual traders exchange foreign currency for a variety of reasons, including balancing the markets, facilitating international trade and tourism, or making a profit.
FX Trading steps
- Choose a currency pair. Decide which currency pair you wish to trade. …
- Decide on the type of FX trade. There are three ways to trade forex with City Index Spread Betting, CFD or Forex Trading. …
- Decide to buy or sell. …
- Adding orders. …
- Monitor and close your trade. …
- Closing your trade.
Many people realize that $100 doesn’t buy much these days, but if you want to trade the forex market, $100 can get you started and could even generate a new source of income you can earn at home.
Forex trading is heavily monitored, and many Forex brokers are regulated by more than one authority. This demonstrates that Forex is one of the safest markets to trade, although this only applies to regulated brokers. Trader’s also have the ability to trade risk-free with a demo trading account.