Resolved Question
Need assistance regarding currency trading online
I want to start currency trading , that is direct buying and selling of currencies where if I buy a currency I will be immediately charged from my account balance for that currency and If I sell a currency, I get my profit or loss immediately deposited into my account.
I want a direct currency trading that do not involve the use of any charts, graphs, interests, margin and leverage,etc. I want just a currency trading similar to stock trading where you buy a currency and if the price of that currency rises in the future I place an order to sell it and see the results automatically reflected to my account.
So I want to please know the source where I will find the details of such kind
trading I have described above. I want to know sites/brokers that allow this type of trade. I will be grateful if you can help me with this question
Thanks
about 1 year ago
Best Answer - Chosen by Asker
Hi,
Any online forex broker will give you access to the forex market where you will be able to buy/sell currencies and your profits/losses will directly hit your account balance. So, if you wish to simply buy a currency when you think it will go up, put a limit order to close at a certain level and wait till the happens, then open a few demo accounts with different forex brokers and choose which platform you feel more comfortable with.
However, without a good understanding of margin trading, some basic technical analysis and practice, your risk is much higher. I would recommend you learn a bit more and spend the necessary time on a demo account before you start trading live.
Hope it helps!
about 1 year ago
Source(s):
Answers (1)
BabyPips' Broker Guide could help you find the right broker for you. Kindly click on the link below. Thanks!
about 1 year ago
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