Forex Trading FAQs
FREQUENTLY ASKED QUESTIONS
Foreign Exchange, widely known as Forex, is the largest market in the world by total trading volume. Simply put, it is the market for exchanging one currency for another.
Forex trading is safe if you know what you are doing. Forex may sound appealing, but if you do not know what you are into, you will lose. Forex may be a good way to earn money, but it can also be very risky.
A pip is a unit of change in the exchange rate of a currency pair. A pip is the smallest price movement of a traded currency.
Spread is the difference between the bidding price and the asking price. Forex brokers get profit on spread making money on every Forex trade performed through their network.
Leverage is used to significantly increase your purchasing power. When a broker offers a 1:500 leverage, this mean that with a deposit of $100, you may start trading with up to $50,000.
In the EUR/USD pair, EUR is the base currency and USD is the quote currency.
You may start with only $1. A lot of brokers require only a dollar deposit.
The economic and political conditions of a country affect the price of its national currency.
It opens on Sunday around 10:00 pm GMT and closes on Friday around 10:00 pm GMT. Forex traders can make deals at any time in this interval.
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Comment for OptionFair
Spiderman| 2017-05-31 16:58:11
I think it's the best way to earn some money - choose reliable broker and trade options every day 2-3 hours. I like this broker for honesty. Once their platform failed, and my… << read more
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Comment for YouTradeFX
Edward Bojewski| 2017-05-31 16:09:05
My goal was to earn not much money, but find the stable additional earnings. And I'm glad that I've found it here. Every month I make 1-2 withdrawals to my card. Trading goes… << read more
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Comment for EasyMarkets
Larry| 2017-05-31 15:47:06
No, I don't recommend EasyNarkets for serious trading becaouse their re-quotes appeares too often. I don't like to change my plans during the trade. And yesterday when I got a… << read more
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Comment for IronFX
Elephant| 2017-05-30 14:10:26
As for me, they are not bad opportunity to earn some money, For example, when I was beginner, I had only $400 for initial deposit, but now I could to multiple my money in 5 times… << read more
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Comment for InstaForex
Zemeskis| 2017-05-30 13:52:10
Joined Insta 2 years ago and happy with result. I think InstaForex is the best broker among other with accessible minimum deposit. For the beginning I invested $25 and bonus 35%.… << read more
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Comment for Dukascopy Bank SA
Phoenix| 2017-05-26 09:38:46
Nice condition, but very expencive broker for me. Very much money go to spread and comissions.. I have earned this month only $65...Will find more cheap broker..… << read more
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Comment for Orbex
Login| 2017-05-26 09:35:48
No. I din't want to trade there anymore! They are correcting my trading results - profit - every time I make a request for withdrawal! This time for example, they cut it for $35.… << read more
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Comment for Forex4you
marriage| 2017-05-26 09:32:33
I enjoy tradin there. My orders are executing very quickly, 2seconds maximum. If you will open account here. I recommend you to start with Cent account. I has begun with it too.… << read more
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Comment for Alpari
Patrik| 2017-05-24 15:36:13
At first I had many questions to support, and they answered me quickly. I learned how to trade very long time... Lost about $1000 last year, But now I feel I start trade better,… << read more
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Comment for CMS Forex
marria| 2017-05-24 15:26:39
I'm happy, I withdraw my money yesterday and now I can start trading only on profit, amount of initial deposit, $250 I've already withdrew. Speed of execution is fast. Recommend… << read more
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Comment for FXDD
trader_hjij| 2017-05-24 15:02:31
It's very important that broker very quickly make a withdrawals. For example, I get profit to my card during one day. I trust them.… << read more
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Comment for Profit Group
meduza| 2017-05-19 11:46:33
I use my visa for withdrawals and get my profit for 1-2 days maximum. I do it pretty often, because Profit Group is so good broker that allows me to earn very well. There's no… << read more
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Comment for ICM Brokers
TY| 2017-05-19 10:51:59
I DON'T LIKE THEIR SERVICE! I MADE VERIFICATION OF ACCOUNT A MONTH! EVRY DAY I SENT THEM TONS OF E-MAIL, BUT THEY IGNORED ME. I`M GLAD THAT NOT DEPOSED HERE MUCH MONEY. DON'T… << read more
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Comment for IG Markets
massar_trader| 2017-05-19 10:42:53
Not for me. Very expensive conditions. If I trade during the day, I lost about $30 for requotes, for widen spread. Profit cpuld be different.… << read more
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Comment for ForexYard
Teddy| 2017-05-18 13:22:07
Many opportunities, over 55 currency pairs and pretty wide leverage. I've been trading here since February, and I see that it's not as expensive as my other preview broker.… << read more
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Comment for FBS
b16| 2017-05-18 12:57:49
Some people say that this broker is very cheaty, but I don't think so, because my experience is very good. As I earn here in average $300 a month and no one cancel my… << read more
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Comment for SuperForex
leon_1989| 2017-05-18 12:23:20
My first adequate broker!!! I start trading with $100, and now I have more than $500 on my account and enjoy my withdrawals each month. They send it to me very quickly - 2-4… << read more
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Comment for JustForex
aaaa| 2017-05-17 13:15:28
Slow execution... and slow support to claim to. I am… << read more
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Comment for TenkoFX
Ferdinand| 2017-05-17 13:14:02
I don't like this,,, When I\ve found this broker, I was wondered with their condition written on the web-site, But practice was much worse... On real market trading was with… << read more
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Comment for NAS Broker
slot| 2017-05-17 13:09:04
All advantages are here! I'm very proud that I trade here, and had an opportunity to earn my first progit for good withdrawal. It was last month, when I got $500, and on the rest… << read more
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Comment for FXstart
Eset32| 2017-05-16 17:00:55
Really low spreads, 0.1-0.3 pips. I know it sonds like magic, but this is my real everyday trading. I open nearly 10 positions per day, and don't pay much fee to broker company.… << read more
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Comment for SunBirdFX
Dali| 2017-05-16 16:57:33
I want to say only one thing: if you'll trade with them, try not to accumulate much money in account, because you may lost them all. It's my sad experience.. I've lost $400 at… << read more
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Comment for FxPro
Sose | 2017-05-16 16:51:52
Very well, I've working with them since december, i like their terminal and speed of execution. Mostly my orders are close during 3 sec. I like them!… << read more
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Comment for AvaTrade
varravan| 2017-05-12 14:58:53
Good that they have so pleasant condition for traders: $100 minimal deposit, leverage 1:200 and fast withdrawal. I'm using Pay pal - get money… << read more
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Comment for Oanda
vovka| 2017-05-12 11:49:47
I have a long partnership with Oanda and I am absolutely sure that they are one of the best broker! If I could, I started to trade with them early, and didn't lost my first… << read more
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Comment for NewForex
Anji_Piterson| 2017-05-12 11:18:28
I started to learn the forex when I was a student. I chose the NewForex company for this. I designed a site that hosts most of the analytical content. I was offered the simplest… << read more
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Comment for FX.co
dido| 2017-05-09 14:57:23
The section "Market inside" really helped me when I was a beginner on forex market. There and in other sections of resourse there are plenty of useful… << read more
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Comment for Admiral Markets
pharaon| 2017-05-09 14:37:49
No, no and once again NO! After all I've seen here, I don't want to trade here again. And though their support call me and ask, won't help. Every month during 2017 year when I… << read more
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Comment for iFOREX
ms | 2017-05-09 14:32:44
There I can trade with confidence, Never cheat, never delay or cut my profit. I've been trading since last August and have already twice my initial depo to $500! Now I'm trying to… << read more
Kev| 2019-08-02 09:29:21