Nexifx .com aims to be today’s and tomorrow’s most comprehensive forex trading resources website. Our philosophy is simple. With the correct tools and up-to-date information, we can help you to minimize risks in forex trading. Forex promotion is a goldmine if it is being used correctly. This site is created especially for you, it doesn’t matter if you are a newbie or an experienced trader. We regularly update the list of brokers, no deposit bonus, deposit bonus, live contest, and demo contest.
TenTrade Offers 20% Off Funded Trader Accounts – Limited-Time Promotion Runs August 25–31, 2025
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VT Markets Launches 10-Day Flash Deal:Trade Top US Stocks & Metals with Up to $300 Cashback.
Vittaverse Launches Recovery Bonus Up to 50% Protection on Trading Losses for New Clients
Spin, Win & Celebrate Merdeka: OEXN Unveils the “831 Merdeka Wheel 2025” for Malaysian Traders
Forex trading is the process of speculating on currency price movements, with the aim of making a profit. Many currency conversions on the
forex market are for practical use, and not for creating profit. However, traders can speculate on forex market price movements, with the aim
of capitalising on correctly forecasting these movemen.
1. Open a spread betting or CFD trading account. You can open a live or demo account to trade on price movements of forex pairs.
2. Start researching to find the FX pair you want to trade. Use our news and analysis section to keep up-to-date with market news which may impact FX, and our market calendar to keep updated with market-moving events.
3. Based on your research, decide if you want to buy or sell. Is the research you’ve conducted indicating the base currency (the first-named currency in the pair) is likely to weaken or strengthen? Go long and ‘buy’ if you believe it will strengthen, or go short and ‘sell’ if you think it will weaken.
4. Follow your strategy. Before placing a trade, ensure you have followed your strategy which should include risk management. Also, see our tips on building a trading plan.
5. Place your forex trade. As per your strategy, place your forex trade with defined entry and exit points. Don’t forget to use risk management conditions, such as a take-profit or stop-loss order.
6. Close your trade and reflect. By following your trading plan, exit the market at your forecasted limits. Think about how you performed, so that you can improve after each trade you make.