Step 1. What is Forex? Step 2. Learn Forex Basics Step 3: Find a Forex Broker Step 4: Start Trading. Step 1. What is Forex? Forex, or Foreign Exchange is an unregulated market, also known as OTC (Over-the-counter) and is the biggest market with average daily turn-over that runs into billions. Simple steps to start trading with IQ Option Forex Pakistan. After setting up a trading account, you must keep it in mind that it’s easy to earn big with high leverage and it’s even easier to lose everything due to the same reason. For this reason, one should set stop-loss orders. Choosing currency pair: To start Forex trading, the following steps are demanded: Open an IQ Option account. Press '+' in the upper menu to an open new asset. Select the currency pair you prefer for trading (40+ pairs are suggested totally). Press the option you've decided to invest in (take into account that different multipliers are suggested for different assets). IQ Option’s forex spreads start from about 0.015%. These are floating spreads that change according to market liquidity, news releases, and other factors. Forex Market Hours. The forex market is basically open 24 hours a day, 5 days a week. However, not all of the currency pairs offered by IQ Option can be traded 24/7. Forex overview. The Foreign Exchange (Forex or fx) market is the largest in the world today with over $1 trillion being exchanged daily. This market involves exchanging different currencies. The fx market developed as a result of trade and other financial transactions occurring between countries, institutions and individuals. Contents. 1 Trading forex is a waiting game while options get results faster; 2 IQ Option forex has leverage to multiply profits options have a fixed return; 3 Many factors go into how much forex makes while with options it's just the amount invested. 3.1 How far the market moves in any direction matters a lot in forex trading; 3.2 IQ Option forex traders have more control over how much profit The main highlights of Forex trading: Firstly, sign up to IQ Option trading platform. If you are a newbie in Forex trading, we recommend you to start with a Demo account (with rechargeable virtual $ 10 000), so you don't have to worry about losing your real money. Trade stocks, ETFs, forex & Digital Options at IQ Option, one of the fastest growing online trading platforms. Sign up today and be a part of 17 million user base at IQ Option. Forex is short for foreign exchange. The forex market is a place where currencies are traded. It is the largest and most liquid financial market in the world with an average daily turnover of 6.6 trillion U.S. dollars as of 2019. The basis of the forex market is the fluctuations of exchange rates. There are five major Forex trading centers: Frankfurt, Hong Kong, London, New York and Tokyo. The Forex market is open 24 hours a day, five and a half days a week, and operates across nearly every time zone, which makes for an active market in a continual state of flux, with prices changing all the time.
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