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Fees apply. Your capital is at risk.
Trade foreign currency pairs with a forex trading platform. Compare various accounts and find the one you feel has the greatest potential for making profits.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
‘Forex’ is short for foreign exchange. The foreign exchange uses exchange rates to calculate the value of one currency against another.
For example, the exchange rate between GBP and USD is
Loading GBPUSD rate. This means that for every £1 you can get $
Loading GBPUSD rate. This also shows that the pound is worth more than the US dollar.
Forex trading pairs two currencies together, with the trader predicting which will be worth more after a given period. The two currencies are referred to as the base currency and the counter currency.
After you’ve set up an account you’ll be able to browse for shares to buy. You can select to purchase shares based on quantity, or based on value. Once you’ve purchased your shares, they will appear in your portfolio.
It goes without saying that online share trading platforms need to make money. The main way they do this is through various fees and charges.
Here’s a list of some of the ones to look for:
When deciding on a share dealing broker/platform, keep in mind the following:
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