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Forex refers to the OTC market while buying a currency and selling another currency. The currencies utilized in the OTC markets trading units are issued by the national government or central bank. The money value of a unit is used as a measure of the transaction. Unlike most financial markets, the forex market is different, within the foreign exchange market, there is no physically specific place to trade.
The difference between where a trade is entered and exited is the contract for difference (CFD). A CFD is a tradable instrument that mirrors the movements of the asset underlying it. It allows for profits or losses to be realized when the underlying asset moves in relation to the position taken, but the actual underlying asset is never owned. Essentially, it is a contract between the client and the broker. Trading CFDs has several major advantages, and these have increased the popularity of the instruments over the last several years.
WebsGains considers trading education a crucial component of its ability to allow traders to trade with confidence. Our eBook – “Trade With WebsGains” was written having new clients in mind, as it introduces the Forex trading realm to first time traders. Though written to guide and assist beginners in their first steps in the trading world, this eBook is also suitable for more experienced traders, keeping them on top of all the basics one must be familiar with when trading forex.
Our educational system presupposes that after studying the video tutorials you will easily and in the shortest possible time start trading in the forex market developing your own strategy protected from most risks.
The forex industry is made up of countless definitions and it’s easy to forget a few along the way. But because no forex education can be complete without a glossary of forex terms, we’ve compiled one which aims at explaining key definitions in the simplest way possible. This way, you’ll never be lost or confused again!
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