What is Forex Trading | Online Forex Trading

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What is forex trading and how does it work

• Platinum Trading Academy

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What is forex trading?

• Forex stands for foreign exchange or foreign
  currencies.
• Therefore, Uk forex trading is the business of
  buying or selling of currencies. So far, this has
  stayed the worlds biggest financial market with
  a turnover of five trillion USD and the market
  involves traders and brokers and many currencies. 

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How does FOREX TRADING work?

• Best Forex Trading takes place in various types
  of currencies.
• As a trader, you would get the option to do
  trading in more than 80 currencies. 
• The most traded currency pairs are famous as
  majors. 
• Forex is a decentralized market in the world,
  where the trading of all the currencies takes
  place.
• As a trader, you need to speculate on the rising
  and falling values of the currencies and trade
  accordingly. If the price of a particular
  currency appreciates, you make a profit from the
  rate of exchange from Forex Trading UK.

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How do you begin trading?

• First of all, you need to open an online forex
  trading account and deposit money in that.
• For regular trading, you could login and begin
  Best forex trading by means of spread betting,
  CFDs, or spot FX. Then you could move to pick up
  your pairs and start by opening a position.
• You could get access to live price feeds,
  streaming charts, and news in an instant and do
  trading throughout the day.

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How does foreign currency rate get fixed?

• The currency exchange rate is the exchange price
  at which one currency gets bartered for another
  currency.
• As it is well-known, the trading takes place
  between pairs, the majors are USD/EUR (US dollar
  and Euro), USD/GBP, and USD/INR. 
• When the exchange rate of a particular currency
  rises, you make profit by trading and learn more
  at Platinum Trading Academy.

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Thank You.