Forex trading is the act of buying and selling currencies with the sole purpose of making money or profit from the changes in the value of the currency pairs one trades.
A broker is an intermediary between an investor and a securities exchangeβthe marketplace where financial assets are bought and sold. Because securities exchanges only accept orders from individuals or firms who are members of that exchange, you need a broker to trade for youβthat is, to execute buy and sell orders .Don't have a broker?, click here to sign up on one of the best brokers in Nigeria
Trade. Profit. Withdraw
On a trading platform provided by a Forex broker, you buy or sell currency pairs. For example, EURUSD. When you think the value of the EUR will go up, you buy the EUR and sell the USD.
Yes forex trading is legal or legit, Most countries though have tight restrictions and regulations on forex trading activities
NO.
It is easy to think that forex trading is gambling, but, it is not. Itβs only gambling when you approach it with no clear strategy or rules, jumping in and out of trades hoping to make money.
Don't know about youπ€·, But for me its a YES and a way to get fired up while i run my analysis on the markets or execute a trade. And these are my Top 10 on my playlist as of 2019-2022, amongst other types n genre.
Financial service
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INSPIRED by @iamroko_fx |
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