Get to know FOREX trading

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Our website is set to allow the use of cookies. For more information and how to change settings click here. If you are happy with cookies, please click ' Proceed ' or simply continue browsing. The players on the FOREX market range from huge financial organizations, managing billions, to individuals trading a few hundred dollars.

Thanks to the internet you can trade on the FOREX market in the same way as traders from the largest banks and investment funds. All you need to get started is a computer with internet access and a trading account with a FOREX broker. The single most important thing on the FOREX market is the exchange rate between two currencies a currency pair.

In general, the currency exchange rates reflect the health of countries' economies. You decide to buy 1 euros against US dollars. If you look at the FOREX quotes forex trading how does it work your trading platform you will see that there are forex trading how does it work prices for each currency pair.

One is the price at which you can buy, referred to as the "ask price", and the other is the price at which you can sell, referred to as the "bid price". The difference between those two prices is known as the forex trading how does it work. The ask price is always higher than the bid price. With this leverage you can take forex trading how does it work position with times larger value, resulting in times bigger profits or losses, therefore great care is required when placing your trade.

Equities on the other hand are traded without leverage. Then pick a currency pair e. Now you are a trader in a market used by millions of people all around the globe. Check out your current profit or loss in the Open positions window. You can keep this position as long as you like. And when you no longer wish to keep your position, just close your trade by pressing the X button in the Open Positions window.

This is called long position. The short trading enables you to take advantage if the exchange rate is going down. Investments can fall and rise. You may get back less than you invest. CFDs are higher risk because of leverage. Be sure you understand the risks. Trading works best with JavaScript enabled. Ready to get started?

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All bets that will be received before the event starts will affect the final multiplier. Bet Tampa Bay Rays x 2. 5 2 5 The displayed multipliers are based on the current proportion of placed bets. All bets that will be received before the event starts will affect the final multiplier.