FREQUENTLY ASKED QUESTIONS (FAQs)

We may have provided answers to some of the questions you’d probably have



What is forex trading?

Forex Trading is the trading of currencies.
It involves the buying and selling of global currencies with the goal of making a profit.

Is Forex trading same as gambling?

Forex trading is not the same as gambling since it involves a great degree of skill and is proper regulated, whereas gambling is largely based on chance.

Is Forex trading a good investment?

Forex trading is a good investment for the people willing to take on risk and have the skill and experience to trade.
From our experience, when done right, it can make at least 3%-10% ROI per month.

Can I use my mobile device to trade forex?

Yes. You can trade from either a mobile device, laptop or desktop.

Do I need a special laptop to trade forex?

No. You just need good internet connection.

How much capital do I need to start trading Forex?

Some brokers ask for a minimum of about $5 in deposit.

What are the risks involved in Forex trading?

The forex market is very volatile, so one has to make sure they always manage their risks.

How do I choose a regulated and reputable forex broker?

Look for a broker regulated by a reputable financial authority.
Consider the broker’s customer service.
Read the broker’s reviews.
Consider the broker’s trading platforms.

What is the difference between trading forex and trading stocks?

Forex trading involves buying and selling of currencies, whereas stock trading involves buying and selling shares in a company.

Do I have to trade all day?

No. As a trader, you can choose what type of a trader to be.
We have day traders, swing traders, position traders and scalpers.