CFD means a contract for difference and is an agreement between two parties on the subsequent settlement of the contract for any difference between the price of the underlying asset at the time of opening and closing.
CFD trading is the best way to access forex currencies without having to own the underlying asset itself. It also allows traders to enter and exit positions much faster and more efficiently.
Since CFDs are contracts, they allow you to use leverage, as well as open long and short positions. The CFD trading platform often requires lower fees and requirements compared to traditional stock brokers.
Forex trading sessions.
The forex market starts with the Asian trading session, then comes the European session, then the American one, and then the Asian one again.
However, not all trading sessions are equivalent. The European session is the most volatile, followed by the American and Asian sessions, which are the least volatile. Therefore, if you are a short-term trader, try to make most transactions during the European session.