![]() ![]() Knowing how the industry is mapped out is important, because the collective combination of all participants creates the market you trade in. Across the market as a whole, an estimated 5.3 billion USD is traded every day between governments, banks, corporations, and speculators. At its simplest, a foreign exchange transaction might be, for example, when you transfer your local currency to a new one for an upcoming holiday. By the end of this guide, you will have the knowledge you need to start testing your trading skills with a free Demo account, before you move onto a live account.įorex, or the foreign exchange market (also called FX for short) is the marketplace where currencies are traded. ![]() We will cover how you can start trading (including choosing the best broker and trading software), the fundamentals of risk management, the different ways you can analyse the Forex market, and an overview of the most popular trading strategies.
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