To engage in Forex trading, individuals typically use a broker's platform. These platforms provide access to the interbank forex market, where major financial institutions trade currencies. Traders can execute buy or sell orders through these platforms, and profits or losses are determined by the changes in exchange rates.
Leverage is a key feature of Forex trading that allows traders to control a larger position with a relatively small amount of capital. While leverage amplifies potential profits, it also increases the risk of significant losses. Traders should exercise caution and implement risk management strategies to protect their capital.
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