With this app you can learn to invest in Forex in only 30 minutes. This app will turn you into an independent Forex trader. Forex is the trade in exchange rates. Investors trade in the exchange rates of currencies like the Euro, the Dollar and the Pound. Forex is great because you can make profits every day. This Forex app will teach you how to make small amounts of money with the trade of currencies.
With Forex trading we use leverage, which is also called CFD. A Contract For Difference (CFD) is a contract between a buyer and a seller. They agree that the seller pays the difference between the opening price and the closing price. CFD is an investment instrument with a leverage function with which you, the investor, can make money with both rising and falling rates. Thanks to leverage, you can buy currency pairs for a multiple of the amount that you invest with CFD.
The Forex app consists of the following chapters:
1. What is Forex?
2. An explanation of Forex rates
3. How do I fulfil a Forex position?
4. An Forex strategy for beginners
5. Risk management
6. Practical examples
7. Brokers: getting started with Forex trade
After you complete the Forex course you know what Forex is and how the currency market works. You can then invest independently in the exchange rate of a currency, use risk management tools and follow a Forex strategy. In order to get started with trading currency you can choose from a number of online brokers and begin directly with trading on exchange rates.