As the world's most traded financial market, the foreign exchange market is also known as the forex market. In order to navigate this market and trade forex successfully, we ensure that our clients have access to the best education, tools, platforms, and accounts available.
What Is Forex Trading?
Foreign exchange, also known as forex, is the act of changing one currency for another. International trade can be facilitated through this process for a variety of reasons, including commercial and tourism reasons. Banks, businesses, investment firms, hedge funds, and retail traders trade forex on the forex market, which is open 24 hours a day, five days a week for buying and selling currencies.
What is the Forex Market?
Over the past few years, the forex market has grown from $5 trillion in turnover to over US$6.5 trillion - making it the largest and most liquid financial market in the world. A key feature of the forex market is that all trading is done electronically via computer networks, so there is no central marketplace or exchange. Over-the-counter markets are also known as OTC markets.
How to trade forex for beginners?
Forex traders are mostly concerned with fundamental analysis and technical analysis when predicting market movements and entering live positions. To determine their trading style, forex traders will usually use one or more of these factors.