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What is forex trading?

Forex trading is the act of speculating on the movement of exchange prices by buying one currency while simultaneously selling another. With an average turnover in excess of $7.5 trillion a day*, currency prices are constantly fluctuating – creating endless trading opportunities in the world's most traded market.

What is open-outcry forex trading?

Forex, much like most futures contracts, can be traded in an open out-cry system via live traders on a pit floor or entirely through electronic means with a computer and access to the Internet. Open-outcry has mostly been phased out in Europe and replaced with electronic trading.

How to choose a forex broker?

A wide range of online brokerage platforms offer everything from spot trading to futures and CFDs . To settle on a forex broker, do your due diligence and make sure you choose one who can meet your trading needs now and over time. Look for low spreads and fees from a provider in a well-regulated jurisdiction.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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