What is Forex?
Forex refers to the whole of the international markets where foreign exchange is traded by making use of the rate of exchange between the currency of one country and the currency of another country. The Forex market is one of the largest markets in the world, offering leveraged trading opportunities to its investors.
Is Forex only currency transactions?
Although forex literally means currency exchange, in this market, hundreds of products such as gold, silver, oil, coffee, wheat are traded in addition to foreign currency, that is, currencies of different countries.
How to trade in Forex?
To trade in the Forex market, you can open an account with a brokerage house of your choice, and then trade with your deposited collateral wherever there is internet, from your computer, tablet or mobile phone.
How is Forex different from other markets?
The biggest difference of the Forex market from markets such as the stock market is that it can be traded in two directions. E.g; In order for the investor to make a profit in the stock market, he must first make a purchase on that product. In Forex, you can both buy and sell the product you want with your collateral. You can profit from the appreciation or depreciation of a product.
What are the trading hours in Forex?
Forex market is not tied to a single center like other markets, that is, it is an over-the-counter market. It opens at 00:00 on Sunday night and closes at 00:00 on Friday night, open 5/24 on weekdays.
How can I gain experience in the Forex market?
Forex is an attractive market with a lot of advantages, but if you are new to forex, it is possible to gain experience without losing. For this, you can open a free trial account (demo account) from any brokerage house. The demo account has a virtual balance, but the prices of the products are real and you can get experience by trading here for a while.
The demo account is very useful for the investor to get to know the market, it allows you to see the risks and gains clearly.
You can fill out the form below to create a demo account and gain experience in the forex market.