Retail forex platform

A retail forex platform is like a toy store where you can buy and sell different toys, but instead of toys, you buy and sell different currencies.

Just like in a toy store, you have different toys with different prices, in a retail forex platform, you have different currencies with different exchange rates. The exchange rates show how much one currency is worth compared to another currency.

When you want to buy a toy, you pay money to the toy store, and they give you the toy. When you want to buy a currency in a retail forex platform, you pay money in your own currency and get the other currency. For example, if you want to buy Japanese yen, you pay in US dollars to get yen.

Now, if you think the value of the yen is going to go up, and you want to make a profit, you can sell yen back to the platform when the exchange rate changes. It is like selling a toy back to the toy store when its value has gone up.

There are different platforms that offer retail forex trading, and each platform may have different types of currencies you can trade, different features and tools you can use, and different fees you have to pay. It is important to research and compare different retail forex platforms before choosing which one to use.