Always open a Demo Account first and test the water. Trading is not for everyone and most new traders lose more than they make.
Foreign exchange trading is the simultaneous buying of one currency and selling of another
It is an agreement between two parties to exchange the difference between the opening price and closing price of a contract.
FCI Markets Prodigy is our own fully integrated trading platform with OTC Options, Spot FX / Bullion and NDF's all in one place.
This is the rate agreed between the two counterparties on the transaction date, and is essentially the outright forward rate of the currencies dealt.
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