FOREX MARKET & FOREX TRADING IN DUBAI

Since the UAE does not charge any tax from online trading in the financial markets; The benefits of forex trading in Dubai are huge. However, many are still doubtful that the forex market is a risky effort in Dubai’s reputation. In fact, major currency pairs have not changed more than 30% in the last 10 years; The high foreign trade behavior of traders only leads to their loss. In fact, since every forex trading in Dubai is double sided; Whichever way the market moves can be profitable.

FOREX TRADING IN DUBAI

According to its trading volume, the forex market (forex, FX or currency market); It is the global regional market place and the largest financial market in the world by far. The forex market does not determine the comparative value of different currencies; But sets the current market rate of the value of one currency to another. Statistics show that $ 6.2 trillion worth of coins change hands every day.

Unlike most financial markets; OTC (over the counter) has no physical location in the forex market; Or trading 24 hours a day through a central exchange and global trading network; Banks and Individuals. This means that currency prices are constantly fluctuating in value against each other; So it offers many business opportunities.

Spot trading is the closest type of forex trading in Dubai. It is the simple purchase of one currency using another currency. You will receive foreign currency immediately. It’s like exchanging coin for a trip. It is an contract between a trader and a market maker or broker. The trader buys a particular currency at the buy price; It is from a market maker and sells a different currency at a selling price. The buy price will always be slightly higher than the selling price.The difference between buying and selling is called “spread.” This is the transaction cost to the trader; The resulting profit is made by the market maker.

Once you have exchanged your dollars for euros you spread it without realizing it. If you make a transaction you will notice it; Canceled your trip and immediately tried to exchange euros for dollars. You will not get back the same price in dollars.