The forex market is an open global market for trading currencies. There are two types of forex trading – spot and futures. Spot forex trading involves buying and selling currency at the current exchange rate. Futures forex trading is where you buy a contract that is not yet in existence. The difference between these two forex trading methods is the time frame involved.
Futures forex trading is very different from spot forex trading because the contracts last for one year. This means that if you have a contract, it will be there until the end of the contract. In the spot forex trading method, you will only be able to sell or buy a currency once it is available. The contract will expire before the end of the month.
Futures trading can also be done in various ways. You can either trade on a daily basis, weekly basis, or monthly basis. For example, if you are interested in the euro, you can trade on a daily basis by buying and selling the euro on the same day. This method is best for those who do not want to think too much about their trading decisions. If you are more analytical, you can try to buy and sell the euro on a weekly basis. This method is best for people who want to make long term plans.
If you want to trade on a monthly basis, you need to be aware that the contract will last for one year. The reason why this is the case is that the forex market moves faster than the U.S. economy. Therefore, if you buy a contract for one year, you will be able to make money regardless of what happens to the economy during the course of the year. The problem with this is that if the economy does not move as fast as expected, you will lose money.
When you decide which forex trading method to use, you need to take into consideration your own personality. If you are an analytical person, you should use the monthly method. If you are a more emotional person, you should choose the daily method.
You should also consider the size of your account when you choose a forex trading method. If you have a large account, you should choose the weekly method. However, if you have a small account, you should choose the daily forex trading method.
