Forex trading work: -
Unlike shares or goods, forex trading doesn't take place on exchanges but directly between two parties, in an over-the-counter (OTC) request. The forex request is run by a global network of banks, spread across four major forex trading centers in different time zones London, New York, Sydney, and Tokyo. Because there's no central position, you can trade forex 24 hours a day.
There are three different types of forex market: -
1:-Future forex market: - a contract is agreed to buy or sell a set amount of a given currency at a set price and date in the future. Unlike forwards, a futures contract is legally binding
2:- Forward forex market: - a contract is agreed to buy or sell a set amount of a currency at a specified price, to be settled at a set date in the future or within a range of future dates
3:-Spot forex market: - the physical exchange of a currency pair, which takes place at the exact point the trade is settled – ie ‘on the spot’ – or within a short period
Most traders speculating on forex prices will not plan to take delivery of the currency itself; instead, they make exchange rate predictions to take advantage of price movements in the market.
Would you like to succeed at Forex trading? ---- bit dot ly/3uovxRJ (COPY AND PASTE IN A NEW TAB AND REMOVE THE DOT WITH ACTUALLY . )
Fast track your success and follow the high-performance Forex signals from 1000pip Builder. These Forex signals are rated 5 stars on Investing.com, so you can follow every signal with confidence.
A contract is agreed to buy or sell a set amount of a currency at a specified price.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit