Leverage essentially means that a broker allows a trader to open larger trades than would otherwise be possible.

For example, if 1:100 leverage is used on a balance of $300, the $300 is multiplied by 100 and the balance for trading effectively becomes $30,000.

Leverage with EVERFX can go up to 1:500 provided you pass the appropriateness test.

The reason only advanced traders can have high leverage is to protect inexperienced traders from the risk which comes with using leverage.

What is Forex?

Forex is the largest of the financial markets. You can buy, sell, exchange and speculate on currencies.

Forex trading is done by means of pairs, that is one currency traded against another.

You can buy or sell a pair depending on whether you think the market will rise or fall.

The Forex market is attractive to millions of people because it is transparent and offers many equal opportunities to traders around the world.

To learn more about forex, you can join free educational courses and one-on-one training with a real account from EVERFX.