Foreign exchange
or Forex trading has been known by many people to give a lot of
advantages. However, the trading is not easy as common trading since it
includes exchange of currencies. All people can try to be a
successful Forex trader, if we have a great preparation and plan. If you
are about to do the trading, here are the tips.
About Forex trading
Foreign exchange
trading is an international market of currencies. The trading involves
the agreement of currencies exchange price, which is based on over the
counter market. Forex trading market has been started since the era
of 70s, and now it has turnover with average of US $4 trillion for each
day.
Trading in Forex
Become a foreign exchange
trader means we should do simultaneously acts of buying a currency as
well as selling the other one. In doing this, we should have deep
understanding about currency exchange of each country. We will get
benefit when our speculation are correct and accepted by market. In the
other hand, when market against our speculation, be prepared to
get loss.
Forex trading tight spread
The tight spread is based on the
city index Forex trading account, to allow us get tight fixed spreads.
The spread is between two biggest Forex trader retails, Capped Variable
Spread and 8am and 6.30pm. In those hours, we should do GBP or USD trade
by paying attention to the trading platform of City Index.
Start the trading
One of the most important things in
starting Forex trading is to make a smart preparation and planning, and
then create a Forex trading account. In addition, prepare ourselves to
be persistent and do not give up easily.