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What is forex?

What Is Forex Trading?
FX trading allows you to speculate on the changes in currency strengths over time, trading currencies and buying or selling one against the other. Forex traders seek to profit from fluctuations in the exchange rates between currencies, speculating on whether one currency's value, like the pound sterling, will go up or down in relation to another, such as the US dollar.

With over 5 trillion dollars’ worth of currencies traded globally every day, the foreign exchange market is the most traded in the world, making it a highly liquid and dynamic market. This high market liquidity means that prices can change rapidly in response to news and short-term events, creating multiple trading opportunities for retail FX traders.

+ Why is leveraged Forex trading popular with investors?

- Trade on rising and falling markets

         trade on falling markets (going short) as well as rising markets (going long)

- Leveraged product  

         use a small amount of money to control a much larger position

- Volatility

         currency prices are constantly fluctuating with each other offering frequent trading opportunities

- 24-hour trading 

          an OTC product, not restricted to physical exchange hours

- Liquidity 

         spreads tend to remain tight meaning your dealing costs remain low