Since this is an introduction article, we do intend to cover all types of Forex trading apps in future. If you like to keep things simple, and your trading expertise is not yet high, you can take a look at some of the forex trading apps and trading platforms at the market price. If you are a more experienced trader and enjoy forex tips and tricks, and also want to have an overview of the different options available, you can check out the different articles on forex trading.
Why is forex trading different from equity markets?
As we said earlier, the main difference between Forex trading and equity markets is the fact that Forex trade involves buying and selling one asset at a time, whereas in equity markets the equity itself can be bought and sold at an equal pace.
We have already explained the most important differences between equity and Forex. But what about the differences among other currencies? Before leaving the Forex trading section, let me introduce you to the differences between Forex currencies, so you know what it is like to trade Forex at a higher rate than the value of the currency you are trading.
Forex currency has been known as such because it can’t be bought nor sold at a real rate, while equity (or a stock) can be bought and sold at a real rate. This means that the amount of trading volume fluctuates with time and there is a possibility of unexpected gains when you are surprised by a stock price that you think you are going to lose.
So, if we imagine that our forex currency is USD, let’s assume that you are going to buy USD at the exchange rate 1.12 to 1.10. Suppose you want to sell USD for EUR (or some other similar currency) and the EUR is expected to appreciate against Forex currency. Now, if we sell the Forex at 1.12 and it appreciates against Forex at the end of that day, it’s as if the Forex itself appreciates vs. the USD. On the other hand, the same thing holds if you buy forex at a real rate: if the Forex is appreciated against your Forex, you would profit by buying at 1.12.
In this sense, Forex currency differs radically from stocks and other common assets, for which we have other currency terms to identify it. Now, to the Forex currency: if the Forex appreciation is greater than the amount of USD
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