Currency trading takes place on the international Forex market. The sellers and buyers are central banks of different countries, large investment and hedge funds, companies and commercial banking structures.
However, ordinary users who have enlisted the support of specialized brokers can participate in trading. To understand the entire system, you are encouraged to find out more information on the website valifind.com.
Broker review
One of the intermediaries in the FOREX market is AdmiralsFX. It has the appropriate license and makes it possible to buy and sell various currencies in the appropriate pairs. There are options with the dollar, they are called the main ones, and for example the British pound-euro, or the yen-euro. Chinese yuan, rubles and other world convertible currencies can also be traded.
The broker provides the opportunity to trade in any direction, that is, either buy a currency in the hope of growth, or sell it short, so that if it falls, you can buy it back at a lower cost and take the difference for yourself.
The intermediary provides a trading platform where all quotes are available in real time; through the terminal you can monitor changes in exchange rates, place orders and conduct transactions.
It also provides a window of important news that may affect the stock exchange rate; there are technical analysis tools for plotting charts and identifying buy and sell signals.
FXApollo offers similar services. The company is also an officially registered broker.
Advantages
The intermediary takes a commission from each transaction, that is, the trader pays it by opening a transaction and closing a position. However, the amount of payments to the broker is small, it is calculated in fractions of a percent of the total amount, and does not affect the success of trading. You just need to calculate the risks, because losses from unsuccessful transactions many times exceed the intermediary’s commission. It must be taken into account that the trader bears all the risks; the broker only helps him carry out the buying or selling process.
To eliminate errors, the intermediary provides a large number of educational materials, allows you to work in demo mode, when all transactions are carried out virtually, and the trader does not incur losses.
All procedures are protected, they are strictly confidential, only the owner controls the funds. There are many ways to deposit and withdraw money, and reports on completed transactions are provided.
