What is Forex?
Forex refers to the entirety of international markets in which foreign exchange trading takes place, taking advantage of the exchange rate between the currency of one country and the currency of another. Forex market is one of the largest markets in the world that offers leveraged trading to investors.
Although it means forex currency exchange in the meaning of the word, this market is also foreign currency, that is, transactions are made in hundreds of currencies such as gold, silver, oil, coffee, wheat besides currencies of different countries.
What is the difference of Forex from other markets?
The biggest difference of the Forex market from the market like the stock exchange is the possibility of bidirectional trading. For example; investors in the stock market must make purchases in order to be able to earn profits. In Forex, you can both buy and sell at your preferred price.
You can profit from a product’s appreciation or depreciation.
Is the forex market legally reliable?
Forex market is subject to the legal supervision of each country and our country is supervised by the Capital Markets Board (CMB). Capital Markets Board, leveraged trading that has brought the condition of license to providers of forex trading, forex trading can offer organizations without a license in Turkey.
For this reason, investors should be careful to be licensed when choosing a brokerage house to deal with.
How can I experience Forex market?
Forex is an attractive market with a lot of advantages, but if you are new to forex, it is also possible to experience losses in life. You can open a free trial account (demo account) from any agency you wish for this. The trial account has a virtual balance, but the prices of the products are real and you can experience buying and selling for a while here.
The demo account is very useful for the investor to define the market, allowing you to see the risks and gains clearly.