Forex, also known as foreign exchange — is a community for exchanging currencies between two parties at a pre-determined price. 

Exchanging between the currencies globally takes place using forex – and it is done by businesses, and banks globally – at a predetermined rate. When you’ve been overseas — you’ve almost certainly undertaken a currency transaction.

While they do forex transactions for business reasons — a significant amount of money exchange is done to ensure profitability.

Due to high currency conversion every day, their price fluctuations can sometimes be incredibly unpredictable.

This is where Shackecoins.com comes into the picture.


An Excellent brokerage platform with a strong system design to help you land the perfect trade!

Different types of Forex Market you must look out for!

There are three distinct types of foreign exchange markets:

  1. Spot — The transaction of the pair that occurs at the precise point at which it settled the trade: for example, ‘on the spot’ or in a short amount of time.
  1. Forward — A collective bargaining agreement to make the forex transaction for a certain amount at a predefinedrate, in some future time, as mutually agreed upon by both parties.
  2. Future forex market — It is similar to forwards, except that it is done over a legal entity – mostly a forex exchange that is registered with the regulatory board of the country. It has reduced counter-party risk.

Selecting the right brokerage platform for forex trading

When selecting the best forex brokers, keep the 3 factors listed below in mind:

  • Commissions and Spreads: Brokers typically earn money through commissions, which means they will charge a percentage of the total spread — although, the brokers will make transactions commission-free, but earn profit through large spreads.


  • Customer Service: The currency market never goes to sleep. As a result, you entail a broker who provides 24-hour customer service — A poor-performing department of customer service can cause significant losses.

    Shackecoins.com has been quite promising when it comes to excellent customer service. Their customer service team provides the best response, during the time of need.
  • Trading Platform: As a forex trader, you must make sure that the system and trading platform have the technical and central analysis tools — you must determine whether trades can easily enter and exit.

A Deadly Mistakes to avoid as a forex trader

Selecting the Wrong Broker — This means taking the wrong step. Trading involves investment, and any mismanaged investments will lead to debacles.— Losing it all – just at a single stroke could be more frustrating and can land you in financial trouble, or an outright trading scam. We don’t want you to face that harassment, rather, we want to guide you in the best possible direction.

The right brokerage platform is fundamental to the success of a trader. Going ahead with Shackecoins.com gives you the right leverage and the freedom to make the best out of your capital. Don’t think twice – sign up right now! Have a better forex journey with a super-charged platform. 

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