Preparing To Trade News Events In Forex Forex trading has become a sexy market as well as an investment option. The platform can also be very useful for more skilled traders and the platform can evolve to swimsuit a trader's rising needs and changing trading strategies. An example is commonly finest to help freshmen understand what trading forex is like and how traders approach their work. For instance, if the currency symbol CAD is used, traders will see that the settlement currency USD can't be discovered within the contract selection window. The distinction between the 2 prices is known as spread (or bid-ask unfold) and it represents the costs of trading and the dealer's commissions. 2. Specify the amount of the trading currency you want to purchase or sell. A trader will both exit the trade at a revenue, or at a loss depending best on the changes in the market. In the event you have a look at the FOREX quotes in your trading platform you will note that there are 2 cos