The largest financial market in the world. It involves the purchase/sale of various currencies in order to make money by changing the exchange rate of these currencies.
The foreign exchange market does not have a specific trading platform, such as stock and commodity exchanges. Regional markets are used to carry out transactions for the purchase/sale of currencies. The most significant of them: Asian, European, American, Pacific.
Trading on this market can be carried out around the clock via the Internet. But it is worth considering that there are exceptions: weekends and holidays.
There are four main groups of trading participants in the Forex market:
The trader has $5,000 in his account. He noticed that the EUR/USD pair began a downward movement.
The trader decides to sell 1 lot for 1.3910, and the quote drops to 1.3760 within a day. The trader exits the trade and takes profit
The trader receives a profit of 150 points (1.3910-1.3760). 1 point = 10 dollars. Profit is $1,500 within 24 hours.
Possibility to start with a small amount You can trade on the foreign exchange market with a minimum deposit of $100.
Flexibility The market is open 24 hours a day, 5 times a week. Choose the time that suits you by making trades during the Asian, European, American or Australian sessions.
Great profit potential Prices of currency pairs are constantly moving - and this is a chance to catch enough pips to make a profit. Even a downward trend gives you the opportunity to make money by selling a currency pair.
High liquidity In Forex, you will be able to open and close trades without delay, since you will always find a suitable order, which is especially important for a scalping strategy.
Availability Having the Internet and a smartphone or laptop is all you need to trade in real time from anywhere in the world.
and receive a bonus for trading currency pairs
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