 Message Alert!
|
|
Message Alert!
|
|
Message Alert!
|
Global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
Forex Trading involves buying and/ or selling one foreign currency against another. It is a market with a daily turnover of over 4 Trillion dollars and is available for you to take advantage of 24 hours a day.
With daily turnover reaching $7.5 trillion,* forex is the most liquid market in the world.
This liquidity often results in more actionable prices and unlike other financial markets, traders can respond almost immediately to currency fluctuations, whenever they occur – 24 hours a day, 5 days a week between Sunday 5PM and Friday 5PM.
As the forex market is so vast, it’s constantly offering new opportunities. In fact, most forex trades are held for just a few hours or days.
FX markets are open from 5PM EST Sunday to 5PM EST Friday. This is because the different time zones of the forex trading centers (London, New York, Sydney, and Tokyo) mean that at least one is always open (when New York closes, Sydney opens).
Because the forex market is so vast, it’s almost impossible for any single actor to exploit it in any significant way.
Leverage lowers the cost barriers to trade forex. It enables you to put up a fraction of the deposit to access a much larger trade size. Leverage can magnify your profits, but it can also magnify your losses. This is a critical trading concept to understand.