In order to trade forex, investors are required to open an account, and some accounts are experimental through which you can learn and train how to implement the orders for buying and selling and also making profit with stopping losses, and all this is done experimentally only.
Through this account, you can enter the world of real trading, and in this way, you are very professional, and you can execute some trades and then get money, and the transaction sizes start from 0.01 micro- lots in order to reduce the large losses that occur in many other platforms.
When you open an online forex trading account, you should know a set of simple and easy steps, namely:
1. Choose the type of account for activating your account before you think of activating the real account and charge it with the balance that suits you. You can open more than one demo account for forex, which is 100% free.
2. Understand the types of accounts before opening an account, either in personal profile or profile of the company.
3. For inexperienced users or users with small amounts of capital, may try open a mini-account and work on opening a Standard account in order for the account to be suitable for you and your experience.
You must also read the written contract well so that you can open a forex account and work to see the account opening form with them and read all its clauses and agree to them so that each party knows the nature of his work and that during the opening of the forex account, during the registration in the forex account, you must present the various official papers, which are Just a simple broker.
The account is activated after the broker has received all the necessary documents and you must also receive an email with various instructions regarding completing the activation of your Forex account, and this message will contain the name, password and various instructions about financing so that it is suitable for each client according to the available capabilities, With some support when working to open your account in your distinguished website, this method is very easy in order to obtain a forex account.
High-risk investment warning: Trading Foreign Exchange (Forex) and Contracts for Differences (CFDs) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. Any opinions, news, research, analysis, prices or other information contained in this presentation is provided as general market commentary and does not constitute investment advice.
Editors’ Picks
EUR/USD holds near 1.0500 ahead of Powell speech
EUR/USD managed to clinch its second day in a row of gains, extending the recent breakout of the 1.0500 mark in response to the inconclusive tone in the US Dollar ahead of key US data releases later in the week.
GBP/USD recovers toward 1.2700 after US data
Following a pullback, GBP/USD edges higher toward 1.2700 in the second half of the day on Wednesday as the US Dollar loses strength following the disappointing data releases. Markets eagerly await Fed Chairman Jerome Powell's speech.
USD/JPY fades the dovish BoJ commentary-led uptick above 150.50
USD/JPY is reversing the bounce to near 150.70 in the Asian session on Thursday. The pair remains weighed down by rising bets for another BoJ rate hike this month, shrugging off the dovish comments from BoJ policymaker Nakamura and a modest recovery in the US Treasury bond yields.
Editors’ Picks
AUD/USD trades modestly flat above 0.6400 after Aussie trade data
AUD/USD reacts little to better-than-expected Australian Goods Trade Balance data and remains in a range above 0.6400 early Thursday. Rising bets for an early RBA rate cut cap the Aussie's upside amid China's economic woes and US-Sino trade war fears. Eyes turn to US data, Fedspeak.
USD/JPY fades the dovish BoJ commentary-led uptick above 150.50
USD/JPY is reversing the bounce to near 150.70 in the Asian session on Thursday. The pair remains weighed down by rising bets for another BoJ rate hike this month, shrugging off the dovish comments from BoJ policymaker Nakamura and a modest recovery in the US Treasury bond yields.
Gold price lacks firm near-term direction and is stuck in a familiar range
Gold price extends its sideways consolidative price move in a familiar range, awaiting a fresh catalyst before the next leg of a directional move. Geopolitical tensions, trade war fears and the overnight decline in the US bond yields offer support to the safe-haven XAU/USD.
Ripple's XRP could see a price rebound despite retail activity decline, RLUSD launch delay
XRP traded near $2.4 on Wednesday as Ripple Labs clarified that its RLUSD stablecoin will not debut on exchanges despite a rumored launch among crypto community members. Amid a sharp decline in XRP's price, on-chain data shows the remittance-based token still has the potential to resume its rally.
Four out of G10
In most cases, the G10 central bank stories for December are starting to converge on a single outcome. Here is the state of play: Fed: My interpretation of Waller’s speech this week is that his prior probability for a December cut was around 75% before the data.
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