#forexfreecourse #forex #daytrading
FX104. On today’s Video, I teach you the different ways to trade forex and which way you should focus on. Starting Forex Trading on the right path is the best advice any person can ever give you as a beginner Forex trader. Subscribe, Like 👍, enjoy the video and let me know on the comment section if you have any questions 😊
💰Looking For The Best Forex Broker? The Top Forex Brokers I use and Recommend 💰
IC Markets -True ECN Forex Broker with the lowest spreads
Min deposit – 200 USD
Leverage – up to 1:500
Link: https://bit.ly/2W38hd2
XM
Min Deposit : $10
Leverage – up to 1:888
Tight Spreads + commissions
Link: https://bit.ly/3iSEkFL
Follow My Official Instagram Account
https://www.instagram.com/ndemazeahgodlove/
Come Join our Free Telegram awesome Forex community
https://t.me/joinchat/o_RE_pUfZGZiMzA8
✰ Don’t forget to subscribe so you won’t miss new videos:
https://cutt.ly/Lnu9ACQ
Trading Platform
Meta Trader 5 and Meta Trader 4
The Different Ways to Trade Forex
Forex is a great platform which provides the traders with an opportunity to trade in numerous ways. The widely recognized ways are as follows:
Currency Exchange-Traded Funds
Currency Options
Currency Futures
Spot Forex
Currency Exchange-Traded Funds
ETF’s are relatively new to the forex market. Exposure can be gained to a basket of currencies or even a single currency through Currency Exchange-Traded Funds. There are numerous Currency Exchange-Traded Funds that are frequently traded. The financial institutions (FI) that acquire and hold currencies in a fund are responsible to create and manage currency exchange-traded funds. After this, the public is offered to acquire the funds’ shares on an exchange which can later be traded; this is similar to the process of acquiring stocks. A few of the limiting factors in the currency exchange-traded funds are that it requires some transaction costs, trading commissions and it has a specific opening and closing times.
Currency Options
With the currency option, the buyer gets the option or right to sell or buy an asset on the expiration date of the option at a fixed price, however, the buyer is not obligated to do so. It will be the trader’s obligation to sell or buy an asset on the expiration date of the option at a fixed price only if an option is sold by the trader. Similar to that of futures, the exchange such as PHLX (Philadelphia Stock Exchange), ISE (International Securities Exchange) or CME (Chicago Mercantile) are used to trade options. It should be noted that, unlike spot or future, the options are not quite as liquid and trading for some of the options cannot be done at any desired time in a day.
Currency Futures
The reason behind calling these contracts futures is that they allow for a specific asset to be sold or bought on a fixed price in future. In 1972, Chicago Merchantile Exchange introduced futures to the forex market. The price and transaction data related to future contracts can be easily accessed, therefore, they are considered to be strictly supervised and are known for their transparency.
Spot Forex Market
As the name suggests, the current market price is used to trade the currencies on an immediate basis. This forex market is open 24 hours a day and is highly liquid and unambiguous. Furthermore, it offers tight spreads. You need as less $55 to sign up for the spot forex market and start trading. The reasons for this are extensively discussed in our Capitalisation lesson.
NOT FINANCIAL ADVICE DISCLAIMER
The information contained here and the resources available for download through this website is not intended as, and shall not be understood or construed as, financial advice. I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained on this Website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
We have done our best to ensure that the information provided here and the resources available for download are accurate and provide valuable information. Regardless of anything to the contrary, nothing available on or through this Website should be understood as a recommendation that you should not consult with a financial professional to address your particular information. The Company expressly recommends that you seek advice from a professional.
*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Comments
Comments are disabled for this post.