Currency trading?

Question

Is there any currency trading schoo in Abu dhabi. Please let me know.

Answer 1

I dont know the place but you can start currency trading as and when you want. Just go through the concepts and open a demo account or a small account with $25 with Finexo for practicing. as you gain confidence gradually increase your investments. I think this would make you experienced and profitable rather than any school.

Trading on the Forex market takes place when one currency is bought while another is simultaneously sold. The currencies are traded and quoted in pairs such as Euro/U.S. Dollar or U.S. Dollar/Japanese Yen. There are millions of participants trading on the market daily. This large volume ensures that one player is not able to directly sway the direction of the market.

A major advantage of the Forex Market, as opposed to the stock market or other financial markets, stems from the fact that it is a continuous global market. Currencies are traded electronically at several locations around the globe 24 hours a day, from Sunday evening to Friday evening. This allows a trader to immediately react to any events and new developments.