Forex Trading Office
Safe/no risk forex platforms?
All the forex trading I have seen online involves high risk, whereby your investment can go up or down. So you can potentially lose more than you put in.
Is there any online platforms where I can just simply buy one currency at one price and hold on to it until I want to trade it for another later? (similar to using a high st exchange office). I don’t get the high risk nonsense where it could go either way, I’d prefe to just buy a currency, hold on to it regardless of the market and then trade/sell it when the time is right.
Is my only option to do this on the high st or is there anywhere online that offers an online account that takes a commission?
Thanks.
Open an account with XE.com and then you can buy and sell the actual currency you want, you just need an account to transfer the funds into.
The alternative would be to open an FX account and have a stop loss in place to limit your losses if the position turns against you – that way you only lose the same amount as would do if you held the actual currency itself. The sensible thing to do is limit your position size so the profit and loss you make is equal to the percentage you would make or lose if holding the currency itself.
Mobile Forex Trading Office allows You to Trade Currencies Anywhere!
