Forex in Bangladesh

Forex trading in Bangladesh is regulated by the Bangladesh Securities and Exchange Commission (BSEC) and The Bangladesh Bank, the central bank of the country. It allows banks and other financial institutions to offer forex trading services to their clients, but only under strict guidelines.

Individuals can also participate in forex trading in Bangladesh through online platforms. However, it is important to note that these platforms are not regulated by the Bangladesh Bank and therefore, traders must exercise caution when choosing a platform and be aware of the risks involved.

Traders in Bangladesh should be aware of the risks associated with forex trading, including leverage, volatility, and market fluctuation. It is important to have a solid understanding of risk management and to only trade with money that you can afford to lose.

What is Forex?

Forex is a shortened term used for "FOReign EXchange" (commonly known as FX), it is typically used to describe the process of buying and selling currencies. Forex is a global market for the trading of currencies, it is the largest market in the world, opened 24 hours a day from Sunday evening until Friday night. Forex is also the most liquid financial market, there is a huge trading volume: each day, more than 5 trillion dollars are exchanged, there are always a lot of trades.

Forex trading

Currency values rise and fall against each other due to a number of economic, technical and geopolitical factors. The common goal of forex trading is to profit from these changes in the value of one currency against another. All forex pairs are quoted in terms of one currency versus another, Forex trading is the act of simultaneously buying one currency while selling another. Each currency pair has a "base" currency and a "counter" currency. The base currency is the currency on the left of the currency pair and the counter currency is on the right. For example, in EUR/USD, EUR is the "base" currency and USD the "counter" currency. A forex trader will buy a currency pair if he expects its exchange rate will rise in the future and sell a currency pair if he expects its exchange rate will fall in the future.

What is a broker?

Traders must conduct their trading activities through a forex broker. A broker acts as an intermediary between the buyer and the seller involved in a forex transaction. They provide trading platforms that allow traders to buy and sell foreign currencies. Traders have to take the time to research and compare options to find the broker that best fits their needs.