What is Forex CFD Trading?
Forex CFD trading combines two powerful concepts: the foreign exchange (forex) markets and contracts for difference (CFDs). CFDs are derivatives that let you speculate on price changes of an asset, such as currency pairs, without actually owning them.
You enter a contract with a broker and profit or lose based on the movement of the asset’s price between when you open and close the trade. This forex CFD trading platform allows you to trade both rises and falls in prices by going long (buy) or short (sell).
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