What is Forex?
The foreign exchange market (Forex, FX, or currency market) is a global decentralized market for the trading of currencies, CFDs and other financial assets. Today, forex is a fast-growing market that is among the most traded in the world. The daily online trading turnover on forex is almost 5 trillion US dollars. Now, due to latest technologies, trading on forex is available to absolutely everyone. All you need is your mobile phone and you can start trading!
How to make money trading forex
Here is an example. Let's say you have 200 USD on your trading account as margin. With 1:500 leverage, you can buy or sell the currency for 100,000 USD. Thus, if you buy EUR at 1.1834 and then sell it during the day at a new price of 1.1984, your earnings for a single trade will be 1,500 USD. So imagine if you made several trades – but It's important to keep in mind the risks and make sure you trade wisely.Open a live account