What is Forex?
Forex refers to the foreign
exchange market and the buying and selling of these currencies. The currency
exchange transactions carried out daily exceed 3 trillion US dollars in the
Forex market making it the largest financial market in the world.
Each and every one of these
transactions plays a key role in establishing exchange rates for currency
pairs. For example, when an international institution pays the financial dues
of its foreign employees, the institution converts the foreign currency into
its domestic currency. Over time, these transactions will lead to a change in
the exchange rate.
The value of the currency
strengthens when money flows into it and weakens when money flows out. These
changes in the exchange rates are what give life to the Forex market.
Forex traders attempt to
predict the direction of the exchange just as stock traders attempt to predict
the direction of the value of a company’s stocks.
Forex traders would buy a
currency pair when they believe that the exchange rate will increase and they
will sell the currency pair when they believe that the exchange rate will
decline. As the forex market is a global market, they can do transactions 24
hours a day.
Our company offers a modern and
sophisticated trading platform and advanced graphing software for a successful
United States and Britain hold 50 per cent of the world market.
Why Choose to trade in the Forex market?
The foreign exchange market,
shortened Forex, refers to the buying and selling of currencies and is one of
the fastest markets in the world. From 2007 to 2014, the Forex market has
increased by 70 percent with a turnover of up to 5 trillion a day.
Forex trading is in essence
similar to the stock market in which the trader buys at a low rate and sells at
a higher rate. What makes the Forex market more attractive is that you do not
need to choose from thousands of companies or sectors, it can be much simpler
Unlike some other markets, the
Forex market does not start at 9 am and ends at 4 pm; Forex trading can be done
24 hours a day, 5 days a week. Making it easier for the trader to trade online
before or after his working hours. In addition, you can buy and sell at any
time in the market as the rates go up and down.
Unlike local markets, no one
can influence the Forex market.
Any trader can open positions
at any time, there is always selling and buying ongoing.
You can make profits from
falling and rising market
The financial leverage enables investors to open deals
with amounts larger than their capital, allowing investors to take advantage of
opportunities in the market beyond their material liquidity.