What is Forex?
Forex is a global market for the exchange and trading of currencies. Traders make money on the rise or fall in the prices of currency pairs. Currency pairs — the ratio of the prices of two currencies, for example, EUR/USD, GBP/USD or USD/JPY.
With global recognition and greater trading volume, Forex is the most liquid market in the world.
Prices for currencies or stocks change dozens or hundreds of times every day, economic events and global news greatly influence price changes, so traders can earn on these movements by buying currency pairs with the expectation of their growth or selling them when the price falls.
Why choose Forex?
24/7 work on weekdays
You can trade at any time, depending on currency pairs and trading sessions from Monday to Friday from 00:00 to 00:00 GMT+1
Large market size
The huge volumes of the Forex market today are more than 6.6 trillion US dollars per day, and its total capitalization is about 2.4 quadrillion dollars. Thanks to such volumes, many people can find their place here and the opportunity to earn consistently.
High liquidity
High liquidity means that you can convert your online assets into real money at any time. Given the tight spreads (the difference between the buy and sell price) and low commissions, Forex transactions are profitable and can provide you with a high level of return.
Trading with leverage
Leveraged trading — this trading option is perfect for trading experts, this trading option is extremely profitable. For example, if you use 100:1 leverage, you can essentially make a $100,000 trade using only $1,000.
Choose convenient trading sessions for yourself
You have the right to choose for yourself any convenient time for making transactions and increasing capital! The market opens in Australia, then begins trading in Asia, then moves to Europe and ends in the US. This means that the price dynamics of certain currency pairs can vary greatly due to various economic events in different parts of the world. All this gives a tremendous opportunity to earn here and now, regardless of where you live.Major and exotic currency pairs
In Forex, you can trade two types of currency pairs:
Get profit on any outcome of the market movement
Traders at the time of trading can earn not only when the price rises, the principle of such trading is to buy the currency at the very bottom and sell it when it grows up. There is a chance to make money even if the economy is in decline and this or that currency loses its value.
“Bulls” always expect the price to rise. They usually go long and wait for the price of the asset to rise and then sell it for a profit. Most traders use this scenario, since the growth of the economy can be relatively easy to predict without sufficient experience in the field of trading. If the economy is on the rise, GDP is growing, and in general there are positive events, the price of the currency rises and brings profit to such traders
“Bears” choose the opposite side and play for a fall, taking advantage of the moment when the asset falls in price. Bears sell assets in order to buy them cheaper when the price drops. This style is less popular due to high market volatility and possible threats. «Bears» mainly pay attention to negative economic news.
“Bulls” always expect the price to rise. They usually go long and wait for the price of the asset to rise and then sell it for a profit. Most traders use this scenario, since the growth of the economy can be relatively easy to predict without sufficient experience in the field of trading. If the economy is on the rise, GDP is growing, and in general there are positive events, the price of the currency rises and brings profit to such traders
“Bears” choose the opposite side and play for a fall, taking advantage of the moment when the asset falls in price. Bears sell assets in order to buy them cheaper when the price drops. This style is less popular due to high market volatility and possible threats. «Bears» mainly pay attention to negative economic news.
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