is there a big difference between stocks and Forex? basically, this is a trade, like all others
There is a big difference between stock and Forex. I think you should found about it on Google.
Forex trading is the act of buying or selling currencies. Banks, central banks, corporations, institutional investors, and individual traders exchange foreign currency for a variety of reasons, including balancing the markets, facilitating international trade and tourism, or making a profit. There are three different types of forex market:
Spot forex market: the physical exchange of a currency pair, which takes place at the exact point the trade is settled – ie ‘on the spot’ – or within a short period of time
Forward forex market: a contract is agreed to buy or sell a set amount of a currency at a specified price, to be settled at a set date in the future or within a range of future dates
Future forex market: a contract is agreed to buy or sell a set amount of a given currency at a set price and date in the future. Unlike forwards, a futures contract is a legally binding trade xau. Most traders speculating on forex prices will not plan to take delivery of the currency itself; instead, they make exchange rate predictions to take advantage of price movements in the market.
[blockquote]Joe Nyagah said:
is there a big difference between stocks and Forex? basically, this is a trade, like all others
[/blockquote]
Stocks and forex are 2 different things. You can see here the difference between stocks and forex.
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