Forex Trading
What is Forex trading?
The Foreign Exchange Market, also known as Forex or Currency Market, is a global marketplace where currencies are traded. It actually determines the exchange rate for currencies worldwide. People participating in forex trading can either buy, sell, exchange or speculate on currency pairs such as EUR/USD and GBP/USD and eventually towards what you believe could potentially be more profitable.
Trading Volume
As far as trading volume is concerned, the foreign exchange market is by far the world’s largest financial market, with over $5 trillion traded daily. Trade CFDs on numerous FX pairs and benefit from tight spreads, fast order execution, highest volumes and liquidity. EUR/USD, USD/JPY and GBP/USD are the most popular and liquid among major currency pairs.
Currency Pairs
Currencies are always traded in pairs, so each currency’s value interrelates with the value of the other. The main function of the foreign exchange market is to establish this relationship between how much of one country’s currency can another country buy and create the contract between ‘buyer’ and ’seller’, where the latter will pay the price difference at the contract execution time.
Forex Market Hours
Forex market hours are flexible and allow traders to trade currencies 24 hours a day, five days a week, except weekends. Taking advantage of this unique feature, when one market closes, another remains open, increasing therefore the liquidity available in currency markets.
Trading Flexibility
With fewer rules binding you, flexibility to trade at any time of the day and the ability to get in and out whenever you want and buy as much currency as you can afford, get into forex trading with us and get access to exclusive forex news, live forex rates and technical analysis provided by our expert strategy team.
