What is forex trading ?

Forex or Spot Forex is the foreign exchange buying and selling. In the Forex market, you can sell a country's currency and buy a country's currency.

For example, the currency of the United States or the USA is dollar, Britain or the UK currency is a pound. In the forex market, you can sell dollars by selling pounds or pounds and buy dollars. You can buy and sell in a Forex market without any dollar or pound, and there are different countries in the currency.

how is it possible to earn from the forex market?

The values of different countries are always variable. You might have seen in the newspapers that sometimes it is getting stronger against the dollar, and sometimes the money is getting stronger against the dollar. This is the highest rate of currency in the world. So, if you have bought dollars, you can buy euro from the dollar after the price of the euro against the dollar. Again, if the Euro is strong against the dollar, you can get more dollars by selling the euro.


Maybe you had 100 dollars that you bought 80 euro by selling. Later, after the price of the Euro was raised, it was sold to $ 120. This way you can earn. We can profit if the share price increases only in the stock market. But in forex market, a currency is strong or weaker, we have the opportunity to profit in both cases, which is the biggest advantage of the Forex market.

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Advantages of Forex Trading

• In the past, only the wealthy or the banks would have the opportunity to trade on the forex market. But with the change of time now, due to the emergence of various Forex Brokers and competition, anyone can trade on Forex market from any country in the world.
• It's possible to start Forex trading with just $ 1. Almost all Brokers will give you free demo trade, that is, with virtual money. So first you can prepare your own free demo trade and you can start a real trade by depositing it with a demo trade.
• Forex market is very large and this market is not manipulated. The biggest stock market in the world is New York Stock Market and the size of the Forex market is also 25 times higher than that. Remember, the price of the dollar or the euro does not determine the price of any country's government. In the context of economic conditions and financial events of different countries, prices of different countries are changed automatically. If you buy dollars or euros at the same price, all the countries of the world will buy dollars or euro in the same price.
• There is a large leverage or loan facility available for trading in Forex market, and therefore you can make good profits from very little market movement.
• A very popular word in scalping forex. It means open trade for a very short period. Very little change in the forex market can be well earned. Many people open a trade for 10 or 15 seconds and if they get a profit then they leave the trade.
• Forex market is open from Monday to Friday, 5 days a week for 24 hours. And so, if you are a business or a job maker, you can trade on your forex market conveniently.
• Forex trading allows you to sit at home, there is no need to go outside. And so the family can spend a lot of time.
• To trade on the forex market you have to do everything online and it is easier to deposit or withdraw from account opening from account opening.
• If you can trade well, many will be encouraged to deposit with you and in that case you can manage their trade and you will receive a portion of their profits.
• Above all, a successful and efficient forex trader can secure a good amount of money by trading this market safely.

It is recommended to mention, to be a skilled and successful trader, you will have to study a lot about Forex market, make yourself eligible for this market. Anyone from the forex market can earn a lot early without knowing anything. Remember, Forex market is just as challenging as the stock market. Knowing without knowing will be initially successful, which is also the stock market many others. But to survive for a long time, there is no alternative except being an expert.

And one thing, there is no recession in forex market. Because you can buy only on the stock market, you can buy or sell both at Forex market.

Remember, when the stock market is going down and down, in Forex, one currency is always up!

What are the forex trading requirements for?

For online forex trading you must internet connection. Forex trading can be done for all the computers, mobile and tabs. But Windows and Mac-based PC / Laptop Analysis and good and easy to chart. Through mobile you can manage the trade and limit charts to me analyzed.

How do I buy or sell dollars or other coins?

To trade forex, you must first open a trading account with a forex broker and deposit it. Trading accounts are easily open online. After opening the account, you must verify the identity of your identity by submitting a copy of the passport or National ID card. You can instantly deposit your account with various online payment methods like Screel, Neteller, International Visa / MasterCard etc. and start trading Forex.

But usually, most people deposit with the forex brokers through the bank. In that case, after the account opening, you will get detailed information of your broker's bank account number and bank deposits. Although Bangladesh can not send money outside the country through the bank, most Bangladeshi traders deposit online payments through Netletler and Scille medium.










Once the deposit has been completed on your account, you can start trading. Forex trading is done through online MetaTrader software. There are also some broker's web-based trading terminals. This software allows you to download free from your broker's website. After installing the software, the broker will enter the number and password of the different pair of charts and log in with the given account number and password and you will be able to open / close your trade.