Most brokers these days advertise leverage as one of the selling points of opening an account with them To put it plainly, Forex traders use leverage as a means of placing a high value trade whilst only risking a fraction of it

An essential part of trading forex is opening an account with a good broker You need access to the markets to be able to trade, and the software provided by the top brokers will allow you to have this access

The forex market hours stretch from Monday morning in Sydney, Australia to Friday afternoon in New York During that time the market is open somewhere around the globe at all hours of the day or night