Can someone provide more information on CFD and Forex?

MoneyTec Forums Beginners Forum Can someone provide more information on CFD and Forex?

This topic contains 1 reply, has 2 voices, and was last updated by  FXGuru 1 month ago.

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  • #1033

    webkriti
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    It is important for traders to be aware of different forex terminologies in order to trade profitably. When it comes to online forex trading, two of the most common terms that you’ll come across include CFD and Forex. Thus CFD, also referred to as Contract for Difference, is essentially an agreement that is made between two different parties for the purpose of exchanging any difference in price between the opening as well as closing contract prices. Thus, a CFD enables a trader to execute transactions on the current movements in market pricing. A CFD is also used for speculating any future market movements. As a result, traders have the much desired opportunity to sell as well as profit from any fall in the prices or even purchase and incur profits from any increase in prices.

    On the other hand, forex is the short form of ‘Foreign Exchange.” It basically entails the process of purchasing and selling foreign exchange currencies. The fx market is a highly liquid and huge market that operates twenty four hours and five days in a week. The participants of forex market include central banks, large organizations, retail and international traders/investors, currency speculators, governments and other institutions.

     

     

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    #2148

    FXGuru
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    • 98

    This is something you have to learn and it’s not hard. I am currently working with FreshForex, and through them one is able to get good education as there is whole section for it. But that’s not all, one is able to trade in over 130+ instruments and my favourite part is their 101% Tradable Deposit Bonus, it’s amazing.

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