Top8forexbrokers.com Website Review

Every day, an estimated $5 trillion worth of currencies is traded. Forex is the world’s most actively traded market, dwarfing equities markets around the world by a long margin. Forex trading is dynamic and highly capitalized. Currency traders speculate on the strengths of the USD is the counter currency. When you go long on The Cable, you are effectively buying the GBP and selling the USD. Traders who go short on the cable are selling the GBP and buying the USD. This currency pair is one of the most actively traded pairs in the world, All Forex trading activity is quoted in pairs. This means you are buying one currency, and selling another currency in the same pair. Currency traders make their money when there are changes in the currency exchange rates. If you believe the USD will strengthen, you would sell the cable (go short) by buying USD and selling GBP. Currency trading is all about speculation. You forecast your expectations of a currency pair and act on it by going long or going short. When a currency appreciates relative to another one, it is strengthening in value and when it depreciates relative to another one, it is weakening. Forex can be traded in bullish or bearish markets. Money can be made whether markets are rising or falling. You simply go short for bearish markets or long for bullish markets. Leverage allows Forex traders to take up much larger positions with just a small amount of money up front. In FX trading, leverage of 1:50 is now available to new UK traders, but leverage of 1:200 is also possible, perhaps even 1:1,000 as in the case of Canadian Forex brokers. Forex markets are highly volatile, as currencies routinely fluctuate in price. Forex price movements are measured in pips, and the spread (difference between the buy price and sell price) is what determines Forex brokers’ profits. Top 8 Forex Brokers offers comprehensive insights into Forex trading, for your added convenience. We have reviewed a variety of world-clas* Forex brokers. These brokers are fully licensed and regulated to offer a wide range of Forex