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Welcome to Online Currency Trading
The Foreign Exchange Market also known as Forex or Fx or Currency market is the Largest and the most active Market in the World. Largest because of the volume (More than 2 Trillion Dollars per day!) and active because it's a 24 hours market. Most of the trading takes place through Electronic Broking System also called as 'Forex Robots' At any given time, in some part of the world, foreign exchange is traded.
Few years ago foreign exchange trading was limited to banks and other Large Financial Institutions. In this electronic age, any individual can do online trading with the help of computer and Internet. Almost all Banks, Hedge funds, Pensions funds, Mutual funds are involved in foreign exchange trading. Money can be made whether a currency is gaining in value or loosing it's value.
Currencies are always quoted in pairs. 4 major pairs traded are EUR/USD, USD/JPY, GBP/USD and CHF/USD. Cross currencies are also traded. Pairs like EUR/JPY, EUR/GBP, GBP/JPY … etc are called as Cross pairs. Other than these major and cross pairs, some minor pairs like AUD/USD, USD/CAD are also traded giving the trader or investor, a freedom to trade in whichever currency he/she chooses.
Other than Volume and Liquidity, Forex offers more to Traders and Investors.
o 24 Hours trading
o Commission free trading (Broker earning only from spread)
o Sell before you buy
o Margin Trading with leverage up to 500:1
Forex Trading is considered as High Risk / High Reward Business. The investments in the forex Trading is exposed to high risks and should be traded only with Risk Capital. There is no system which can guarantee profits in forex trading.