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Difference between Forex and CFD Currency Trading?

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  • Difference between Forex and CFD Currency Trading?

    Or are they the same thing? They seem so similar, but my broker, Jones Mutual, offers both, so what is the difference and which one is better?

  • #2
    Forex is purely based on currency, whereas CFD trading includes various types of contracts that cover indices, energy, and metals.

    Some brokers that I am aware of, like CMC, IG, and FP Markets, provide both types of trading for traders.

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    • #3
      There's no major differences in the trading except that crypto is more volatile.

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      • #4
        I personally think forex trading is more related to currency, whereas CFD trading involves stocks and commodities.

        If anyone here is looking for a broker that provides both CFD and Forex trading, I suggest using FP Markets or Pepperstone since their trading conditions are some of the best.

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