What is Forex Trading?
Forex Trading is the trading of currencies from all over the world. Forex trading market is the largest market in the world with the most number of active users from around the globe.
Fido Markets is an online forex trading company that offers multiple forex trading accounts and trading services.
Forex trading market is the largest market in terms of daily transactions of around 6 trillion dollars.
Traders need a forex account using which the traders can do trading and exchange currencies in the trading market.
Forex Account Types
There are basically two types of forex trading accounts they are
1 – Live Forex Account
2 – Demo Forex Account
Live Forex account is a trading account which traders use for trading currencies in the forex market.
The traders has to invest a small amount of fund as a deposit in this type of forex account.
This type of account should be only used by traders who understand the forex market enough and know the basics.
Fido Markets provides three different types of live forex trading account such as Classic account, Premium account and Swap or Islamic account.
Demo Forex account is a trading account that is similar to live account but does not need any funds as an investment to start trading.
The demo account has a basic fund in it which can be used by clients to trade forex.
Demo account helps clients learn the trading methods and understand the forex market.
Demo account can be used by anyone it is risk free and no need to worry about the funds or losses.
Traders can’t earn any profits in the demo account.
Fido Markets offers two types of Demo account to its clients such as demo classic and demo premium.
For More Details.. www.fidomarkets.com