Forex is one of the world's most exciting markets – with 24/7 activity, amazing leverage ratios and a daily trading volume of over $3 trillion, adrenaline is always flowing. And the best thing is that with Forex you can profit from both rising and falling markets. Top Forex List is a website where we have listed top online forex brokers. We have tried to put all the trustworthy online forex brokers sites so that there will be no room of any frauds or scams. Please browse our website and let us know your feedback about it.
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Online Forex FAQ
What is a currency pair?
A currency pair is a Forex instrument, also known as a cross, for example USDJPY. When you trade in Forex, you always trade currencies in pairs. Thus in the example of USDJPY, this pairing indicates that you trade U.S. dollars against Japanese yen. If you buy dollars, you pay in yen, and if you sell dollars you receive yen.
What is spot?
A direct trade on a market price with a standard settlement date (Value date) of 2 business days from the trade date.
What is the spread?
The difference between the Bid price (at which you can sell the trading instrument) and the Ask price (at which you can buy the trading instrument).
WARNING: Trading foreign exchange, commodity futures, options, precious metals and other over-the-counter products carries a high level of risk and may not be suitable for all investors. The high degree of leverage associated with such trading can result in substantial losses, as well as gains. The past performance of any trading strategy or methodology is not indicative of future results, which can vary due to market volatility; it should not be interpreted as a forecast of future performance. You should carefully consider whether such trading is suitable for you in light of your financial condition, level of experience and appetite for risk, and seek advice from an independent financial advisor, if you have any doubts.