Hey, I've been thinking about getting into forex trading, but I keep hearing about something called CFDs. What do I need to know about CFDs to start trading forex?
Printable View
Hey, I've been thinking about getting into forex trading, but I keep hearing about something called CFDs. What do I need to know about CFDs to start trading forex?
That's a great question. CFDs stand for Contracts for Difference, and they're actually closely related to forex trading. CFDs allow you to speculate on the price movements of various financial instruments, including currencies, without owning the underlying assets.
So, how does that relate to forex trading?