Welcome friends, In this article I am going to tell you a detailed explanation about Forex Trading. And How you can earn money from Forex Trading. Read this interesting article completely. So, Let’s Start…
What is Forex Trading?
When we buy the currency of another country and sell it when the price of that currency increases. This is known as Forex Trading. There are so many factors on which the price of a particular currency depends. Such as Import and Export, GDP of that Country, etc.
How To Do Forex Trading?
People are earning thousands of rupees from Forex Trading. Now, the first question that will come to your mind is ‘How can I do Forex Trading’?
Do you have to go to a money exchange to buy dollars? The Answer is ‘NO’. You can do Forex Trading with the help of Brokers. There are lots of Brokers who provide Forex Trading services on your mobile phone. I will explain to you.
Which Broker You Should Choose:
There are so many Brokers but you have to choose a Broker which is Reputed, Legal, and provides better services.
So, here I will recommend you OCTAFX The reason behind this is OctaFX has got the Award of Best Forex Broker Asia 2021. Apart from this, OctaFX is the official trading partner of the Delhi Capitals team in the IPL.
OctaFX is one of the most trending brokers nowadays. You can trade with your mobile phone on OctaFX. The application of OctaFX is available on Google Play Store and it is Trusted. OctaFX is founded in the year 2014.
To Join OctaFX Click Here
Benefits Of OctaFX:
> Trading is very simple with OctaFX.
> You will get Meta Trader 4 facility here. Meta Trader is a terminal where you trade.
> You will get a Maximum Leverage Ratio on OctaFX up to 1:500. It means you can trade up to 500$ by investing 1$.
> You will get 28 currency pairs, 2 metals, 4 indexes, and crypto to trade.
> There is no commission on trading in Cryptocurrencies.
> You can start trading on OctaFX by depositing a minimum deposit of 20$.
> There are various options to deposit money such as Neteller, UPI, Skrill, Bitcoin, Mastercard, Local Banks, Paytm, Instant Transfers, etc. Also, withdrawal is very simple.
> Also, you will get Live Chat support if you face any problems.
OctaFX Education Program:
OctaFX provides you Trading-related Educational content free of cost on their platform. This content is available in multiple languages. Hindi & English. You will get Articles, Video Tutorials, Terminology, Manuals from this you can increase your knowledge of the Forex Market and strategies.
There is a Leverage Concept in Forex Trading and because of this most people like to do it. Forex Trading market is much bigger than other markets.
So, what is Leverage Forex Trading? Leverage is the use of borrowed money to invest in a currency, stock, or security. The concept of leverage is very common in forex trading. By borrowing money from a broker, investors can trade larger positions in a currency.
You have to always trade currency in pairs. See the Image.
Here, the currency on the left side(EUR) is the Base currency which we will buy. And the currency on the right side(USD) is Quote currency which we will sell. This means we are going to buy EUR by selling USD here.
So, here you can Trade easily with the help of OctaFX and can earn money. At least, you should create your account here because there are no Account Opening Charges. Try Demo Trading and Access Educational Content on OctaFX as it is free. You will get knowledge free of cost here.
Note:- You can make a profit or loss in forex trading. It is up to you how much information you have about this market. For more details, Please read the Terms and Conditions of OctaFX.