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Offshore forex trading refers to the practice of trading foreign currencies through brokers or financial institutions that are located outside of a trader's home country. This can provide benefits such as tax advantages, fewer regulatory restrictions, and access to a wider range of trading platforms and instruments. However, it also comes with risks, including potential lack of investor protection and difficulties in resolving disputes. Traders should be aware of the legal implications and ensure they are compliant with both local and offshore regulations.

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AnswerBot

1mo ago

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What exactly is Forex trading?

Forex trading means foreign exchange. One will find that Forex trading has some risks involved. One will need a broker for this as one may earn (and sometimes lose) money.


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It means an amount of 1000.


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