What is forex? or What is the forex definition? Forex or Fx mean foreign exchange or currency trading
How does Forex work? currency trading is always quoted in pairs, in terms of one currency against another.
What is forex broker? Forex broker is a firm, individual or intermediary between you and the networks of banks that trade with each other
Currencies are very important to most people all over the world. If you are living in France. and want to buy anything from the U.S.you need to exchange currency from dollars (USD) into euros (EUR). An American tourist in Germany can't pay in dollars so that the tourist has to exchange the dollars for the local currency.
What is forex? or What is the forex definition? Forex or Fx mean foreign exchange or currency trading Forex is a decentralized global market where any person can trade currencies.You can earn money from buying and selling currencies on the foreign currency exchange market.All people realized that the forex market is the largest market for currency trading because of over $5 trillion traded every day. the foreign currency exchange market opening time is 24 hours a day, 5 days a week.
There is a risk to beginners who don’t trade money before or don’t know how to trade so that I recommend to start with the forex broker that offers the CopyCat trading system, for example, CM Trading and I will tell you a small CM Trading Review at the end.
How does Forex work? currency trading is always quoted in pairs, in terms of one currency against another. Take for example EUR/USD (Euro vs US Dollar) the currency to the left is called the base currency (Euro) and the currency to the right is called quote currency (Dollar), for example, EUR/USD = 1.14900 that mean you have to pay 1.14900 U.S Dollars to buy 1 Euro.
You will buy when you expect that the value of that specific base currency would increase and you will sell when you expect that the value of that specific base currency would decrease.
What is forex broker? Forex broker is a firm, individual or intermediary between you and the networks of banks that trade with each other.Many forex brokers use multiple banks and they offer you the best one available and provides a trading platform to trade online and may include customized trading software for the client to use it in trading.
When you get an account with forex broker it’s like opening a bank account because it requires identity verification and some paperwork and The process takes some few days.
In the past, a broker was considered an individual member of a profession and worked at a special agency. But now many brokers have available their clients to get accounts and trade through electronic platforms, computer applications, and mobile applications.
Some forex broker reviews:
1-BDSwiss Review Ï BDSwiss European binary option brokers Ï BDSwiss website translated into many languages such as French, Italian, Spanish, Korean, German, Norwegian, Danish, and Polish Ï BDSwiss is safety and not a scam Ï BDSwiss offers MetaTreder 4 Ï BDSwiss available free demo accounts Ï BDSwiss uses the SpotOption trading platform for binary options Ï BDSwiss Review Accepted many Currencies: EUR, USD, GBP, CHF Ï Minimum Deposit $200
2- CM Trading Review Ï CM Trading is one of favorite and best broker that has a long history of honesty. Ï CM Trading has the CopyCat system and there is no payment required to use the CopyCat system. It just needs an account to use it. Ï CM Trading isn’t a scam because its brand by the FSB and the support team is very helpful with clients. Ï Minimum Deposit $250
3-eToro Review Ï There are over 220 million trades opened in eToro Ï Social Trading platform Ï eToro currently has more than 6 million users in over 175 countries Ï eToro has new features, for example, eToro CopyFUNDS Ï Minimum Deposit $200
4-FxPro Review Ï FxPro is very safety Ï FxPro offers MetaTreder 4, MetaTreder 5 and cTrader Ï FxPro available free demo accounts Ï FxPro has Fast and convenient Deposit and Withdrawal Ï Minimum Deposit $100
Before investing in any forex broker you have to be more careful.
if you need to see best binary option broker. I recommend IQ Option and you can see review here.