Before we jump into more about Forex trading specifically in Dubai it is necessary to give you a brief knowledge about Forex Trading Basics and what is Forex Trading and how much you can earn Forex trading Dubai.
What is Forex Trading?
Forex or in short FX stands for foreign exchange market. As the name says it’s the virtual market where one can buy and sell other world currencies on paper and gets profit / loss accordingly. Some of the famous currencies that are used by FX traders are Japanese Yen, Dollar and Euro as these currencies fluctuate as per the market conditions. Anyone can start doing FX trading however it is for sure that he will face some bad times before he start earning good or enough money to pay his DEWA and House bills.
Forex Trading Dubai:
Most of the expats located in Dubai consider Forex Trading as their secondary job and some actually earn good amount of money in Dirham’s (AED) within very short time. Forex Trading runs with US or country specific market and is off on Sundays but works on Sundays giving enough time to those who want to do Forex currency trading in Dubai on Weekend and Friday. However, if someone is new to Forex, it is highly recommend that he should read the basics online and enroll for some sort of education regarding Forex. One bad thing about doing Forex Trading in Dubai is the education for Forex, there is a heavy amount of investment that needs to be done on an individual if he / she want to prepare himself for Forex market in Dubai.
How to do Forex Trading in Dubai:
Though most of this topic will be covered in details with later posts but please be keep in mind that Forex trading has nothing to do with your visa, all you need is enough money (basic is 1000 $ or 3,600 AED) and some sort of Forex Trading Software that will help you to analyze the market, foreign / FX currencies trend and buy / sell FX / Foreign currencies.
Forex Companies Dubai:
There are hundreds of investment management companies ranging from small to higher scale enabling you as money stakeholder and provide you either a guaranteed profit on top of some routine commission or per each trade basis in which loss is completely on you as bid funder however if selling gives you profit then it will be shared with company doing FX trade on your behalf.
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