Foreign Exchange market, commonly abbreviated as Forex. It is an over the counter market where foreign currencies from all of the world are traded. It is thus considered as the largest and the most liquid market in the world. Forex Trading, on the other hand, means the trading through which one currency is changed into another, where things are always referred to as pair, that means selling one currency while simultaneously buying the other one. 

Moreover, people nowadays make their careers in this particular field but to trade in the Forex market requires knowledge and mind work. Thus, one needs to slowly learn things and should take good guidance always. A beginner’s guide to Forex training should be full of analyzing the world economy. Nowadays with the help of technology people can learn Forex trading online as well. Therefore, below is the list of some of the best Forex trading platforms for beginners :

  •       Plus500
  •       eToro
  •       Saxo Bank
  •       EasyMarkets
  •       Admiral Markets
  •       City Index

Forex Trading means trading of currency, i.e. selling one currency and buying another currency simultaneously. Basically, in Forex Trading is the trading of currency pairs. There are many benefits involved in forex trading, such as convenient market hours, high liquidity, and the ability to trade on margin.

Trading on forex requires in-depth knowledge. So, in order to start trading on forex, you must learn the basics of currency trading, organizing your capital, choosing a reliable forex broker, before risking actual money open a demo account then open a real trading money account.

Withdrawing money from a trading account requires the following step:

  • Choose the band account to transfer funds from the trading account.
  • Enter the desired amount for withdrawal.

It’s easy to start forex trading as the forex market is one of the most accessible financial markets. If you are starting forex trading under the guidance of a broker then it requires a minimum capital of $50 to open an account, otherwise, you can also start with $0.

Yes, you can start forex trading at $10, as it totally depends on you that with how much amount you want to start with forex trading, i.e. $10, $50, $100, $500, or even $5, you are free to decide that.

No, but opening a forex account these days is as simple as opening a bank account. All you need to provide is an ID and the minimum deposit your forex broker requires. Now, you are free to trade.

Start My Trade

Start My Trade is the platform, that provides information about trading and the step-by-step procedure of how to start trading and become an expert. On this platform, we not only provide the procedure for the stock market or Forex but also of cryptocurrency, bitcoin, copy trading, CFD trading, and many more.