GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

    Share

There are so many options when it comes to investing. Traditional stock trading has been around for decades whilst modern breakthrough technology like cryptocurrencies have become recently popular. There are so many different markets that you can begin investing. Crypto, stocks, indices and EFTs are all familiar to most, forex trading has slipped through the cracks. Surprisingly, this is one of the biggest markets in the world. This article will educate you on what forex trading is, what a forex breaker does and how you can take advantage of them.

Forex Brokers

Forex brokers are people that operate in the foreign exchange market. This has become one of the most popular trading markets in the world. It is so popular that in Dubai it is actively encouraged. A regulated forex broker in Dubai can be a very lucrative position. However, the beauty of this market is that it can be accessed from anywhere.

What is Forex Trading?
Forex is a shortened form of the phrase foreign exchange. This refers to the market in which people are able to buy and sell international currency. It can also be referred to as FX trading. It is a relatively new form of trading, however. It is an excellent opportunity for those with small amounts of money available to invest. The investment is in exchange rate pairs. The idea is to trade one currency against another. For example, you may want to invest in the Euro against the Dollar, hoping that the euro will grow stronger than the dollar. This is how money is made.

How does it work?

Forex trading works like any other transaction you would make. Apart from the fact that when you sell, you are also making a purchase. There are three main ways to conduct these transactions:

Spot market: This is the easiest to understand as it happens “on the spot”. As well as this, it is based on current exchange rates. They are known as cash markets and represent the most basic type of transaction. You pay money and you get the equivalent amount of money in a different currency. Online trading platforms have made this type of changing so much more accessible. Because of this, it has become the most popular way to trade forex.

Forward Market: The forward market is slightly different. You don't trade for cash rather than a contract for a certain type of currency at a certain exchange rate on a specific date when the exchange will take place. This a private agreement between two parties which sets them apart from the Futures Market.

Futures Market: This is similar to trading on the forward market. It is built on the idea of agreeing a contract that will see a currency exchanged upon an agreed upon rate on a specific date. The futures market however is a legally binding agreement settled on an official commodities market.

Is it worth it?

Forex trading can be an excellent opportunity for traders with varying levels of experience. It provides a chance to participate in the global market. Though of course it comes with a risk as any investment does. It requires a keen mind and ample research but can reap huge rewards.



Posted by : GoDubai Editorial Team
Viewed 2800 times
Posted on : Monday, July 26, 2021  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Dubai-Based King Group Hospitality Expands Portfolio that will Boost UAE's Dh55 bn Foodservices Sect...
Next Story : Zoho to make Zoho Invoice Free of Charge to Empower SMEs to Rebuild and Grow
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Louis Moinet Moon Race - A Journey through Space
UAE Residents, Visitors and Saudi Citizens Come Together to Celebrate 91st KSA N...
Gastech 2021 Exhibition and Conference Opens as Global Energy Industry Gathers to Set
ODORA PERFUMES opens its doors in MIRDIF CITY CENTRE
Combat Dull Skin & Glow From Within!
Fall in Love with THAT Concept Store's Fall-Winter Collection
Guinness World Records Verifies Oldest Identical Twins Ever
Jaguar Land Rover to Provide Fleet of All Electric Vehicles for World Leaders at...
Majid Al Futtaim to Hire 3000 Emiratis In response to “NAFIS”
Throwback to the 60's with CATRICE
Joy and Optimism Inspire Titan's Latest Watch Collection for Women
World's First 3D and Eco-Friendly Surface Barrier Launches in the Middle East
Abu Dhabi University holds Virtual Graduation Ceremony for 2021 Cohort
Flormar is a ‘Beauty for all' Brand, and Here's Why…
Banks across Africa Turn to IBM Hybrid Cloud and AI Solutions to Accelerate Digi...
Securities and Commodities Authority Signs Agreement With Dubai World Trade Cent...
Dubai Municipality Wins 10 Categories of International Stevie Awards
Aster DM Healthcare Set to Serve World Tourists, Global Showcase at the India Pa...
Skin Regeneration Takes Just Ten Days with FILORGA's New NCEF-SHOT
Sami Al-jaber Joins Adidas Family as Latest Brand Ambassador
Majid Al Futtaim Lifestyle Launches the First Newly Designed LEGO® Certified Sto...
92% of UAE Businesses don't strictly apply Customer Data Protection Policies, De...
DHA Launches Post-COVID-19 Clinics
First Victory for Italian in the UAE Team Emirates Jersey as Kristoff podiums in...
Sony Middle East & Africa Launches World of Film Campaign
Etihad Airways Launches Exponential Abu Dhabi – With Complimentary Expo 2020 Tic...
Toni Bou Wins a 29th Trial World Championship Title in Portugal
UAE-Estonian Business Forum discusses expansion of cooperation and establishment...
Withstanding A Category 4 Hurricane, Trina Solar's 670W Module Shows Its Mettle
Dubai Science Park's Chilling Campaign Stuck Raises Awareness of Paralysis
Majority of UAE Businesses don't Strictly Apply Customer Data Protection Policie...
Expo Centre Sharjah, Tripoli International Fair discuss Boosting Bilateral Coope...
Jaguar Partners With 4th Floor Creative and Artists Disciples and Pip Millett to...
Natuzzi Italia Super DHF Discount ‘Made in Italy' products from the House of Natuzzi
Sharjah's Leadership in Nurturing Entrepreneurial Talent and Innovation Endorsed...
Milan, 16th November 2021: New Maserati Grecale Global Premiere
2022 Kia Carnival earns 2021 IIHS TOP SAFETY PICK Award
Serta brings Luxurious Comfort to DHF 2021
SEHA Marks World Alzheimer's Day
Indian Faculty Members from St. George's University Grenada are Recognized for T...
MC20 Wins the “Product Design of the Year” at the European Product Design Award 2021
Ministry of Health Launches National Seasonal Flu Awareness Campaign 2021
Union Coop Allocates AED 3 Million on Smart Promotions
Society of Petroleum Engineers' Conference Underlines Importance of Accelerating...
Dubai Customs Completes 12.7m Declarations in 8 Months, Heralds more Growth in Trade
First Bacalar and Blower Customer Cars Hand-finished by Bentley Mulliner
Dragon Oil Looks to Double Production to 300,000 b/d by 2026
World-Renowned Ras Al Khaimah Half Marathon Returns On 18 February 2022
Rashid on Course for Fourth World Title After Dominant Display in Italy
Novartis to Showcase the most Promising Frontiers of Science at the Swiss Pavili...