
(1) How do I start when opening a Forex account?
- Beginners Traders - Micro Lot
- Medium Experienced Traders - Mini Lot
- Advanced Traders - Standard Lot
(2) How do I open a Forex trading account and trade for real money?
(3) What is the minimum deposit required to open a Forex trading account?
- Simple Trading Account - $10-200
- ECN Trading Account - $500-2,000
- VIP Account $5,000-20,000
In the Forex market, currencies are quoted and traded in pairs. That means that when you buy a currency you sell another at the same time. You can go short or long on any currency pair. Each time you open a trade position make sure
The most active currencies are called the majors and they trade about 85% of the total global Forex activity. The most-traded currencies in the Foreign Exchange market are EUR, USD, JPY, GBP, CHF, CAD, and AUD. The major currency pairs include EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, and NZDUSD.
(6) What is the charge of using the services of a Forex broker?
Here are the charges when using a Forex Broker:
■ Trading Spreads
The spread is the difference between the ask and bid and it is measured in pips. There are also zero-spread accounts that charge only commissions.
■ Trading Commissions
ECN/STP brokers offer tighter trading spreads by charging commissions.
■ SWAP Charges for Maintaining Positions Overnight (All Brokers)
if you maintain your positions overnight you pay or get paid a SWAP charge. That is a particularly important fee for swing and positional traders.
■ Other Fees (Not all Forex Brokers)
Other fees include: (i) Deposit / Withdrawal Fees, and (ii) Maintenance / Inactive fess.

(7) How is a pip spread measured?
(8) What is the difference between Forex Online Trading, Fx Trading, Currency Online Trading, and Foreign Exchange Online Trading?
(9) What is a Forex Platform?
A Forex platform is the combination of software and hardware used to trade the Forex market. Widely used platforms include MetaTrader4 (MT4), MetaTrader5 (MT5), JForex, and Zulu Trade. All the above-mentioned trading platforms provide the ability to trade both manually and automatically. All the above Forex trading platforms are 100% free.
(10) Which are the major Forex trading orders?
The basic order types in the Forex market include:
1. GTC Order (Good Till Cancelled)
2. Market Order
3. Limit-Entry Order
4. Stop-Loss Order
5. Stop-Entry Order
6. Limit Order
7. OCO Order (One Cancels Other)
(11) What is a Forex LOT?
(12) When the Forex markets open/close?
Forex market operates from Sunday at 21:00 GMT to Friday at 21:00 GMT » Learn More
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