Forex FAQs help you make safe investments in the capital market and make big money. Here's all you need to know:
What is Forex?
Forex refers to the foreign exchange market where one currency is traded for another. The largest financial market in the world, it includes trading between large banks, central banks, currency speculators, MNCs and other financial markets and institutions.
How can you start trading Forex?
You need to register a trading account with a Forex broker (such as Marketiva). Begin by using their Forex client program to buy and sell currencies. This takes less than 5 minutes of your time!
Who owns Forex and where is it located?
Forex is not owned by anyone in particular. This is an Interbank market, where transactions are conducted between two participants – the seller and the buyer. So as long as existing banking system exist, Forex will exist. It's not connected to a specific country or government organization.
What the working hours of Forex market?
Forex market is open from 2200 GMT Sunday (opening of Australia trading session) till 2200 GMT Friday (closing of USA trading session).
What is margin?
Margin is the money you need to have in your broker account to secure your open position. Different brokers have requirements for different amounts of margin money to keep your positions open.
What are the "long" and "short" positions?
A Long position is a "buy" position; this position will be in profit if price goes up. A Short position is a "sell" position; this position will be in profit if price goes down.
What is the best Forex trading strategy?
None. You should constantly develop your own strategies for every market situation, if you want to stay in profit. Specific strategies can only be good for a particular period of time and for certain currency pairs.
How much money do I need to start trading Forex?
With Marketiva you can start trading in Forex with as little as $1. The minimum amount usually varies from $100 to $10,000 ($100,000 and more for Interbank trading).
Can I still trade Forex if I can't (or don't want to) install Forex trading software on my computer?
If you don't want (or it is not possible for you) to install a new software to start trading Forex, a good option would be using web based trading platform. You can browse our Forex brokers list to find those which support such platform. Brokers which have web based trading options are Easy Forex, ForexYard, Saxo Bank, Oanda, ACM, Interactive Brokers and others.
Visit FAP Turbo Our Top Rated Forex Software - Click Here!