The Forex market is decentralized, which means there is no central exchange where currencies are traded. Instead, currencies are traded 24 hours a day, 5 days a week by banks, institutions, and individual traders around the world.
So, what exactly is forex trading? In a nutshell, Forex trading is the buying and selling of currencies in order to make a profit. For example, if you think the US dollar will rise against the Australian dollar, you would buy USD/AUD. If the US dollar strengthens as you expected, you would then sell your currency pair for a profit.
Of course, it’s not always that simple. Currencies are affected by a whole host of factors, including political and economic news, so it takes skill and experience to trade successfully. We all know that the market is always fluctuating. Some information may bring you benefits, but with the leverage, your property risk is also increased. Only with good skill of setting stop loss and take profit and combined with leverage can you better protect your property.
Prospero Markets Pty Ltd is a professional financial services provider headquartered in Melbourne, Australia, and regulated by the Australian Securities and Investments Commission (AFSL: 423 034).
The Prospero Forex trading team continuously provides CFD market updates, insights, as well as investment resources and educational materials to our investors, helping our CFD investors get better insight in the investment market and making wise investment decisions.
Prospero Markets has given investors access to global Forex trading (FX), indices, share CFDs, commodities, and more.
Risk warning: Trading Contracts-For-Difference (CFD) carries significant risk of losing money rapidly due to leverage. You do not own or have any rights to underlying assets. The past performance is not indicative of future performance. It may not be suitable for all investors. Before deciding to trade the products offered by us, you should carefully consider your objectives, financial situation, needs, and level of experience. We recommend that you seek independent professional financial advice and ensure you fully understand the risks involved before trading.