Forex or Fx is an acronym of Foreign Exchange and Forex trading means to trade on this market. Trading takes place by predicting how one currency performs against another in a Forex pair.
It is the largest market in the world with average daily trading volumes exceeding trillions of dollars.
For those who know what they are doing, Forex trading can be very profitable activity although it doesn't come without risks. To get the best out of your trading experience. It is critical that you choose a Forex platform/broker that can offer you everything you need from demo platforms to educational tools.
Selecting the right broker can be a time-consuming process. Who do you choose and why? What do you look out for and how do you know that the company/broker is safe? That is where we come in. Our team of experts scour the internet reviewing and rating all of the markets, so that we only present you with the best of them. It is then up to you to make an informed decision as to how much to invest.
How do traders make money online?
The mechanics behind trading are rather simple. You are acquiring an asset for a favourable price and you expect to get rid of this asset. The more volatile the market is, the more opportunities there are to acquire and get rid of the assets you have. As you may understand, if the market is not moving, holding your capital in it makes little sense.
With daily turnover reaching $5.1 trillion,* forex is the most liquid market in the world. This liquidity often results in more actionable prices and unlike other financial markets, traders can respond almost immediately to currency fluctuations, whenever they occur – 24 hours a day, 5 days a week.
This is a direct result of its size. As opposed to other markets, the Forex market is so huge, it cannot be effected by one individual person or institution. So, the retail trader, for all intents and purposes, is on the same “level” as the largest bank when it comes to Forex trading. The Forex market cannot be manipulated.