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What is Forex trading and how does it work?
Forex trading is the means through which onecurrency is changed into another. Whentrading forex, you are always trading acurrency pair – selling one currency while simultaneously buying another.
Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury. But first, the stats.
What is Forex trading for beginners?
Forex trading is the act of buying or selling currencies. Banks, central banks, corporations, institutional investors and individual tradersexchange foreign currency for a variety of reasons, including balancing the markets, facilitating international trade and tourism, or making a profit.
Hence, The FX market is the very unregulated market which does not have a guarantee of getting a return after investing in it. It is very risky for a new investor to invest in this market. As a new trader, you should not directly start investing in this market, learning basic concepts is very important. Due to such risks, many countries have imposed restrictions into the forex market for the safety of citizens and for the purpose to keep currency stable.
Due to the above mentioned two reasons, most of the countries have imposed some stringent regulations on forex trading while some countries banned forex trading in their country. So, you need proper guide from the beginning . So invest with us and start your proper trading day.
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The Broker is regulated by the British Financial Conduct Authority (FCA), one of the strictest forms of regulation in the Forex industry. The company is registered in 2011 in Saint Vincent and the Grenadines under license number 19776 IBC 2011 and is fully compliant with international financial regulatory standards.