Forex explained
A Quick Overview of FX
Forex trading, or forex, is the practice of speculating on the direction of exchange price fluctuations by buying one currency and selling another simultaneously.
No larger market
With a daily average turnover in excess of $7.5 trillion*, currency prices are constantly fluctuating – creating endless trading opportunities in the world’s most traded market.
Forex never sleeps
A foreign exchange market is considered a globally traded market that operates around the clock, five days a week, from Sunday 5 PM to Friday 5 PM.
Benefits of FX trading
There are several key advantages of Forex trading: high liquidity ensures fast and efficient trades at any time in the 24/5 market; leverage lets traders control more significant positions with a smaller capital input, thereby maximizing the possible profits; there are low transactional costs and competitive spreads with most trades carrying no commission; and it offers a global reach, varied trading instruments available, with possibilities to suit all tastes for portfolio diversification.