What is Forex Trading? In layman’s language, trading of different currencies is called forex trading. It is usually unregulated and involves varying amount of risk factors. At Trade Wave, one is guided about how to trade forex, without incurring much loses.
Forex trading is somewhat similar to equity trading and one needs to understand the complexities associated with forex market before understanding what is forex trading. Trade Wave provides an ultimate platform especially for the beginners who are new to trading. It is basically an educational trading platform where one is acquainted with different professional courses related to trading. There are various levels of programs available related to how to trade forex as follows:
- Free courses
- Basic courses
- Intermediate courses
- Advanced courses
- Pro 3 in 1 course
All the programs involve highly professional tutors who using latest technology and their expertise ensures that new traders are provided with practical trading sessions. All the resources are made available online so that it can be accesses easily by students. The best part about trading is that it can be started by anyone irrespective of their educational background. Trade Wave in a way provides confidence to one and all to begin trading and make profit wisely.
Risks associated with Forex trading
While learning how to trade forex, it is equally important to know the risk factors involved as currencies trading is more realistic and futuristic. Some of the major risk factors associated with trading with forex are as follows:
- Exchange rate risk which is due to varying value of currencies
- Rate of Interest risk
- Credit Risk which is low for individual traders and mostly affects corporates
- Replacement risk
- Settlement risk due to difference in time zones of different countries
- Transactional risk
- Liquidity risk and many more….
At Trade Wave, not only one learn what is forex trading but the potential traders are also made aware of the possible benefits and risk factors associated with each and every transaction. Every financial product is complex and so is trading with forex, therefore for beginners it becomes utmost important to take guidance from industry experts so as to incur more profit and less loss.
To begin with forex trading, one needs to open a brokerage account which can easily be done with hep from a forex broker. The next required thing is stable internet connection and a reliable trading platform. The connection and system must be fast enough to run multiple tabs and windows at a time. As a beginner, you must ensure that the forex broker you select is regulated and offers low transactional cost.
The world of trading is complex but with sufficient guidance and experience, the entire learning process will be worth of money and time spent.