10 Benefits of Forex Trading
Frequently Asked Questions about Forex Trading Q: What is it? A: Forex trading is the simultaneous buying and selling different currencies on the foreign exchange market. Q: What are the benefits of forex trading? A: There are numerous benefits to forex trading, including the capability to trade 24 hours a day, five days per week, and leverage as high as 200 times your initial investment. Additionally, there is no central marketplace for forex trading so that you can trade from anywhere in the world. Q: How do I start trading? A: To begin forex trading, you have to open an account with a broker that provides online forex trading services. After you have opened an account, you'll need to fund it with the total amount of money you desire to trade. Q: What is a currency pair? A: It is a couple of two currencies that are exchanged against one another in a forex transaction. If you're buying EUR/USD, you're simultaneously purchasing Euros and selling US dollars. More