What is FOREX?

 

The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines the foreign exchange rate. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world averaging $5.09 trillion per day.

 

Why Trade FOREX?

 

The foreign exchange market is unique because of the following characteristics:

 

• its huge trading volume, representing the largest asset class in the world leading to high liquidity;

• its geographical dispersion;

• its continuous operation: 24 hours a day except for weekends, i.e., trading from 22:00 GMT on Sunday (Sydney) until 22:00 GMT Friday (New York);

• the variety of factors that affect exchange rates;

• the low margins of relative profit compared with other markets of fixed income; and

• the use of leverage to enhance profit and loss margins and with respect to account size

 

Disclaimer: Margin requirements are subject to change, we will advise clients of updates to margin requirements and allow a reasonable timeframe to add additional funds or face close-out.