My Knowledge About FOREX
FOREX stands for FOReign EXchange. Foreign exchange refers to the value of currency like US dollar. Its the one that flash in your television screen particularly if the channel is business related. Many people trade and/or invest in foreign exchange. Although I didn't yet personally experience participating in foreign exchange market, I have experience trading in binary options. In binary options, anyone can also trade currency but unlike in foreign exchange where participants decision are not solely base in 2 choices which are: 1. If the price will increase or 2. if the price will decrease at the certain period of time, for example, after 30 seconds. In foreign exchange, both investors and traders can set the amount they can afford to lose.
What Is Forex.com?
Forex.com is an online foreign exchange trading platform.
What Are The Advantages Of Using Forex.com Trading Platform?
In Forex.com trading platform comparison page section, they differentiate what are the unique features of their service to other trading platform such as Meta Trader 4. They are main 9 categories they indicate in terms of: 1. markets refers to number of currencies the user can choose, 2. pricing refers to trading fees, 3. trade execution refers to how fast the trade will able to process by their system, 4. price improvement available refers to current price of the particular currency, 5. minimum trade size refers to how many units of currency can the trader purchase, 6. trading platform features refers to advance tools use in foreign exchange trading, 7. analysis tools refers to important latest financial information should the trader know to make an accurate decision, 8. platform choices refers to what kinds of device can the trader perform a trade, and 9. margin refers to the proportion of trade.
What Are The Disadvantages Of Using Forex.com Trading Platform?
First in foremost, even though there are trading platform that offers copy trading like Etoro.com where new members can just copy the trade of professional traders, forex exchange trading is still considered a risky type of investment. As a matter of fact, Forex.com has a detailed information regarding the risk of using their trading platform.
Conclusion Regarding Forex.com Trading Platform If It's Legit or Scam
Upon checking the official Facebook page of Forex.com that can be found at their homepage of their website to see what others say about them, there is no available reviews that can be seen. This could be a sign that Forex.com operates a shady business.