Using our strategies and software, our trading floor team will help you embark on a new learn forex exciting career in currency trading. 5 trillion changing hands each day, it’s the ultimate challenge for anyone interested in trading.
With just a laptop and Internet connection I now successfully trade full time building up my account. Since doing the course last year, my income has increased massively. Learn to Trade, All Rights Reserved. Spread betting and CFD trading are high risk and may not be suitable for everyone. The term «currency trading» can mean different things. If you want to learn about how to save time and money on foreign payments and currency transfers, visit XE Money Transfer.
XE does not offer speculative forex trading, nor do we recommend any firms that offer this service. These articles are provided for general information only. How Forex Works The currency exchange rate is the rate at which one currency can be exchanged for another. Exchange rates fluctuate based on economic factors like inflation, industrial production and geopolitical events. These factors will influence whether you buy or sell a currency pair. USD rate represents the number of US Dollars one Euro can purchase. If you believe that the Euro will increase in value against the US Dollar, you will buy Euros with US Dollars.
If the exchange rate rises, you will sell the Euros back, making a profit. Please keep in mind that forex trading involves a high risk of loss. Forex is the world’s largest market, with about 3. 2 trillion US dollars in daily volume and 24-hour market action. You can trade on leverage, but this can magnify potential gains and losses. You can focus on picking from a few currencies rather than from 5000 stocks. Why Currency Trading Is Not For Everyone Trading foreign exchange on margin carries a high level of risk, and may not be suitable for everyone.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. Remember, you could sustain a loss of some or all of your initial investment, which means that you should not invest money that you cannot afford to lose. Find out what you should know before trading Forex. Access premium XE Services like Rate Alerts. EXPLORE EDUCATIONAL RESOURCES Choose any of the topics below, or visit our webinars and events schedule instructed by our professional traders. New to CFD and forex trading, or to OANDA?