When you’re thinking about trading, the first question that enters your mind is whether you should trade Forex or Stocks. A good way to decide is by considering how much you can invest, how much time to invest, and your goals for investment.
Stock and forex trading requires that you have a brokerage account and know how the market operates. The stock market is where people can buy and sell their own shares of companies in public exchanges, while the forex market is basically where different currency pairs are traded.
If you are a beginner, it is usually advisable to work with online brokers as they usually allow users to buy and sell stocks online without any real money. This can be done through demo accounts which function just like real accounts, except they cannot be funded with real money. But if you do not find a good brokerage account, you can consider working with companies like Audacity Capital.
Audacity allows you to learn the ins and outs of forex trading, and once you feel confident about your skills, they will fund your account so that you can begin making profits. However, before choosing the market you want to venture into, it is wise to know their difference to select wisely. Here is a detailed explanation of Forex vs. stocks that will help you know the way forward.