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delta exchange on March 26, 2019

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The complete beginner’s guide to Forex

For beginners, trading is difficult as you don’t know about strategy and technology used. These things happen mostly due to unrealistic expectations. You need to know how to trade and strategy so that you can earn more money quickly. This article will give you a complete guide to beginners. On this page, you will receive some basic information about trading.

What is Forex?

Forex also known as forex exchange. it is a decentralized global market where all the currency trade. Forex is the biggest market in the world. In this market you can easily exchange currency i. e. you can buy or sell currency. For this many cryptocurrency exchange platform is available. The forex market has a large daily trading volume due to large number of traders participate. Large number of investors is investing in this market. You need to watch the market each n every time for trading at best price.

What is forex trading?

Forex trading is nothing but buying or selling crypto currencies.

How to buy and sell currency?

All the traders involve two currencies as you're betting on the value of a currency against another. Think of BTC/USDT, BTC the first currency in the pair, is the base and USDT , is the counter. When you see a price quoted on your platform, that price is how much one BTC is worth in the USDT. The difference between the two is the spread. Whenever you click buy or sell. You can buy or selling the currency in the first pair.

If you think BTC will increase against the value of USDT, You will buy BTC with USDT. If you think the exchange rate increases, you will sell the BTC back to make a profit. Many trading platforms are available for trading; DeltaExchange is one of the best trading platforms. You can exchange peer to peer currency.

What are the benefits of forex trading?

There are many benefits of forex trading. Some people want to earn profit that’s why they are using trading although trading will give profit but it has some major benefits.

1. It's a 24-hour market:

Trading starts when the market opens somewhere in the world.

2. There is high liquidity:

DeltaExchange is the safest and secure platform. There is high liquidity in DeltaExchange.

3. Transactions costs are low.

Many of us know that every platform charges some amount of money to exchange currency. This cost depends on the spread. Spread is the difference between buying and selling currency price. DeltaExchange offers a very low cost to exchange currencies.

4. Earn more Profit:

There is no restriction in forex trading. If you are thinking the price will go high you can buy currency. Or if you think the price will go low you can sell currency. You can earn more profit using stop limit function.