What is FX trading Corp?
A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies. Forex is short for foreign exchange. Transactions in the forex market are always between a pair of two different currencies.
Is FX trader legit?
Forex trading can be legitimate for governments and large institutional investors concerned about fluctuations in international exchange rates, and it can even be appropriate for some individual investors. But the average investor should be wary when it comes to forex offers.
How much do FX traders Make?
For traders who are employed by companies, their salaries can vary dramatically depending on the trader's specific job title, the company they work for and even the city they are working in. According to Indeed, the average trader salary is $98,652 per year plus $25,000 in commissions for a US Forex trader.
Why do companies trade FX?
Foreign exchange trading attempts to make a profit by predicting the value of one currency compared to another. Property or assets you put up as security for a loan. deposit worth a percentage of a total trade's value is required to trade. ... Margin FX trading is one of the riskiest investments you can make.