Where to trade Forex?
After Lesson 1, you already know that you can trade forex by buying or selling currency pairs. This is always done via a broker, dealer, CFD service, website or app where people can trade Forex and in some cases other financial products as well. These brokers are used by individuals, (day) traders, institutional investors, hedge funds, and banks, trying to make money by trading one currency against another.
Although it may seem very difficult on the news with all the tables and graphs, in reality it is far from difficult. When you trade with the broker Plus500, for example, you can easily trade with their user friendly app or PC download version. With a simple user interface or layout it quickly becomes clear how you can trade currency pairs simply by clicking buy or sell.
In the chart below you can see the brokers at which you can trade Forex online. Because I use Plus500 for the education sector on this website it is recommended that you at least open a free Plus500 (demo) account.
Continue reading: Lesson 3: What is asset management?