Madcharts Trading Academy
WHAT IS FOREX?
- Forex (short for Foreign Exchange) is the term used for the action taking place when YOU buy a currency, namely the base, against another currency, with the aim to profit from the move.
- When you sell in Forex, you anticipate the market is going to fall in prices.
- When you buy in Forex, you anticipate the market is going to rise in prices.
- If you are correct with the direction, you gain a profit, with the aim of building your portfolio over the longer term.
- The Forex Market is the most liquid market in the world; where it exchanges approximately $5,6 Trillion per day.
WHY PEOPLE TRADE FOREX
- You can Trade from anywhere in the world. All you need is a smartphone, laptop and wifi.
- Forex does not require a high initial deposit such as other markets like stocks.
- Trade when you want, where you want, all from the convenience from your laptop or smartphone.
- Traders can begin with as little as $100, which makes Forex more popular.
- Use leverage to your advantage in the Forex market.
This Course was last updated in August 2023
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