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Document from the year 2018 in the subject Economics - Foreign Trade Theory, Trade Policy, , language: English, abstract: Trading is done in various commodities and is as well carried out in different markets. Amongst all the popular traded commodities like shares, gold, cryptocurrencies, trading in currency has seen to be the most popular. The Foreign Exchange market is the place where trading in currencies is carried out. The growing demand among most people of exchanging their domestic currencies in order to carry out any foreign trade or business has made this as the primary reason of the FX market being one the largest and most liquid financial market worldwide. This report is based on the analysis conducted as per the results of a demo trading session undertaken over easyMarkets platform. The main aim of the analysis is to recognize the type of trading strategies that are applied by traders while carrying out transaction in various currency pairs along with the applying oneof the strategies in the demo trading undertaken. The results are based on the 13 trades that were carried out. The later part of report also highlights the importance and application of risk management tool in order to hedge maximum amount of risk involved. The concluding statement put together the importance of hedging tools stating they might not be able to mitigate or eliminate the risk completely yet does make sure that some amount of it covered thus deceasing the risk of exposure to at least some extent.