Forex Trading

Forex Trading

Foreign exchange margin trading is through foreign exchange brokerage firms or market makers to open trading account, and conduct foreign exchange margin transactions with the market maker by the way of CFD. Margin trading is not a real exchange, the transaction is convenient and flexible. In foreign exchange transactions, it involves government, banks, funds, foreign exchange dealers and retail investors. They formed the market with the world’s largest trading volume.

24 Hours Market

The trading market consists of the Asian, European and American markets. The market is open from Monday morning, 24 hours a day without interruption, until Saturday morning. As long as you can log into the trading platform within one week, you can participate in the market fluctuations anywhere at any time.

Low Transaction Costs

Foreign exchange margin trading has no high fee. In most cases, foreign exchange transactions are free of commission. The transaction cost is only the difference between the bid and the selling price. Because the margin trading offer are the wholesale price of investment banks, which is much cheaper than the retail price of actual exchange rate.

The market is open and transparent

The daily trading volume of the foreign exchange market reaches $ 5.2 trillion. The market is much larger than traditional stocks, bonds or futures markets. Huge trading volume makes the market less susceptible to the price of a bank or institution. In addition, investors do not need to worry about their orders fail to be taken over.

Acting on international convention

Global events continue to occur, affecting the rise and fall of national currencies. Investors can be in an account, trade a variety of global currency pairs, so that in a country, trading the world.

Currency pairs

The MetaTrader 4 trading platform of FARZ offers nearly 40 currency pairs. In the quotes, we call the former currency of each currency pair as the base currency, and the latter as the floating currency.

Major currency pairs

There are six major currency pairs in the foreign exchange market, which account for more than 85% of all currency transactions. They are respectively: Euro/USD, USD/ JPY, GBP/USD, USD/CHF, USD/CAD and AUD/USD

Straight and crossed

In international practices, we call the currency pair containing USD as straight trade. In addition to the above six major currency pairs, there are NZD/USD, USD/SGD and so on. Where there is no USD in a currency pair, we call it a cross trade. For example: EUR/GBP, AUD/EUR and EUR/JPY.