Forex Trading is typically done through online broker now and there is many market maker. As a forex trader you can choose a currency pair that you expect to change in value and place a trade accordingly. For example, if you have purchased 1 lot of EURUSD = 0.1 then the margin required is just about USD30 only. Every move from 1.40000 to 1.41000 you will make USD100 (0.0001 = USD1), so you already make 333% return. It can happen as fast as 2 days.
Forex Trade can be placed through online broker. Orders can be placed with just a few clicks and the online broker then passes the order along to a partner in the Interbank Market to fill your position. When you close your trade, the broker closes the position on the Interbank Market and credits your account with the loss or gain. This can all happen literally within a few seconds.
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“Lowest pip spread in Forex World”
Head of ASIA Forex Fund Management Team
Master IB in Asia.
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10 thoughts on “Forex”
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