Forex trading refers to currency trading or an exchange which is the primary reason Forex market exists. All worlds' currencies trade in a decentralized global market. Forex traders benefit from commissions if one is a broker and spread if trading directly.
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.
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