What you should know about trading currencies?

Forex is traded 24 hours a day, 5 days a week across by banks, institutions and individual traders worldwide. Unlike other financial markets, there is no centralized marketplace for forex, currencies are traded over the counter in whatever market is open at that time.

What are the benefits?
  • Competitive spreads with EUR/USD
  • Multiple account types
  • Go long or short
  • 24-hour trading
  • High liquidity
  • A variety of opportunities
  • Good leverage
  • Currency pairs: Minors, Majors, Exotics

Before you start something new, begin with the fundamentals. Trade Forex, the most traded market in the world, with a global industry leader.

The foreign exchange (also known as FX or forex) market is a global marketplace for exchanging national currencies.

Currencies are traded against each other as exchange rate pairs. For instance, EUR/USD is a currency pair for trading euro against the US dollar.

How to trade?

Trading forex involves buying of one currency and selling of another currency at the same time. In forex, traders attempt to profit by buying and selling currencies by actively speculating on the direction currencies are likely to take in the future.

While it is not always possible to predict and time market movement, having a trading strategy will help you set broad guidelines in order to prepare to the trading. A good trading strategy is based on the reality of your situation and finances. It takes into account the amount of cash that you are willing to put up for trading and, correspondingly, the amount of risk that you can tolerate without getting burned out of your position.