Forex trading, also known as foreign exchange trading, involves buying one currency and selling another simultaneously. Traders profit from currency price fluctuations in global markets through a trading platform or broker.
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Frequently asked question
FAQS
General FAQ’s
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What is Forex trading and how does it work?
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How much capital do I need to start Forex trading?
You can start Forex trading with as little as $10–$100 depending on your broker. However, it’s recommended to begin with a larger amount to manage risks effectively and gain meaningful returns.
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Is Forex trading safe and legal?
Forex trading is legal in most countries when done through regulated brokers. However, the market carries financial risk — always use proper risk management and trade only with licensed brokers.
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Can I trade Forex on my phone?
Yes, most brokers provide mobile trading apps like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), allowing you to monitor charts, place trades, and manage accounts directly from your smartphone.
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What are the best trading hours for Forex?
The Forex market runs 24 hours a day, 5 days a week. The best time to trade is during major market overlaps — especially the London–New York session (1 PM to 5 PM GMT) when volatility and liquidity are highest.