US dollar or Euro. When trading online, this process is performed via specific technology - trading platforms - and is highly automated, which means it occurs extremely fast.
How to trade currency on forex
Experience indicates that the company knows what it's doing and knows how to take care of clients. In forex trading, you sell one currency to purchase another. If you want to day trade Forex, we recommend you to open an account with at least 4000, preferably 9000, if you want to get a decent income stream. After a bit of thought you decide to sell the currency EUR 5,000. The forex market is volatile, and you will see a lot of ups and downs. If your currency pair goes against you, and you don't have enough money to cover the duration, you will automatically be canceled out of your order. Question How much capital does one needs to have to start trading? In contrast to securities and futures markets, Forex market is not controlled by any Central authority and there are no clearing houses and no of the arbitration Commission.