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The forex (FX) market has many similarities to the equity markets; however, there are some key differences. This Post will show you those differences and help you get started in forex trading.
If you’ve decided to take a stab at forex trading, access to currency markets has never been easier with a wide range of online brokerage platforms offering everything from spot trading to futures and CFDs.
1. Before you settle on a forex broker, carry out your due diligence and make sure you are choosing the best option for yourself.
2. Look for low spreads and fees from a provider in a well-regulated jurisdiction that offers a suite of tools and access to leverage, among other factors.
3. Once you’ve chosen your broker, study up on basic forex strategies and how to properly analyze currency markets.
4. You may want to start with a demo account to try your strategy out and backtest before risking real money in the market.
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