Foreign exchange is one of the huge financial markets on the globe. Forex was launched in early 1970's. In Forex market, money is your asset. You simply buy currency in fewer amounts and sell it in a big amount and earn profit.
You can understand Forex trading with the following example
The EUR/USD rate reflects the number of US Dollars that can be purchased from one Euro. If Euro will increase in value against the US Dollar, a Forex trader buys Euros with US Dollars. If the exchange rate rises, trader sells the Euros back, earning profit. Forex trading market is unique than others because
Its large trading size
its geographical diffusion
Its 24X7 working
Commission free nature
Key features of foreign exchange market
Forex market never sleeps. You can find it active 24X7 hours. Most activity takes place between the times the New Zealand market opens on Monday, which is Sunday evening in Europe, until the US market closes on Friday evening.
Liquidity which means that you can turn your investments into cash very quickly and easily.
You can start your Forex business with a couple of hundred dollars.
Prices go up and down in seconds. You may earn money in minutes and can lose it within a second. Be ready to take risks.
Market does not exist physically. All the process is done electronically.
To start a Forex trading you must have a brief idea of foreign exchange, currencies. You should update your knowledge of Forex market daily.
Also you can hire brokers. Brokers are well known in the Forex trading market. Brokers have their own identity. A broker can be an individual or a company, who exchange lots of currency according to the trader's demand. Brokers make their money by earning commissions for their services.
OUR SERVICE FXSTAY
We are committed for
Advance trading tools
24X7 customer support
Secure online trading.
With Fxtay.com retail traders have 100% access to the global foreign exchange market. We follow transparent pricing and quality trading. Register yourself with us and start making money now.
What is Leverage trading?
Leverage trading means the power of a buyer to purchase maximum with his current Forex account. So in order to purchase more you need to have high leverage. Buying power of a Forex trader is more than any other trader in the market.