Forex, currency market forex trading forex - who are not familiar with these words now? The forex market gives everyone an opportunity to make money, but not every trader will successfully implement their trading strategies. Currency trading allows traders to profit on price differences. Speculate currencies without leaving the house, it is enough to have a computer connected to the internet, but you can on the road with your phone or smartphone.
What is Forex? It is the largest in terms of the OTC interbank market currency trading. The best traders make trading the financial markets in their profession and live only for income from market price fluctuations on the currency.
Foreign exchange market FX
Foreign exchange market - is Foreign Exchange Operations, abbreviated ForEX or FX.
In the Forex market has no single center - it's interbank trading. Foreign exchange market is never at rest, the price of currency changes every second, this constant struggle of "bulls" and "bears". The fight began in 1971, since the failure of the Bretton Woods system of fixed exchange rates based on gold equivalent and the transition to a free exchange rate relative to each other.
The scale of the forex market is huge. Every day here is bought and sold about $ 4 trillion. and these volumes are constantly increasing. That's a lot more of any commodity, stock, futures or any other financial or commodity market (compared to daily volume of the stock market - about $ 300 billion, the currency futures market - about $ 40 billion).
Forex currency trading
Currency trading takes place through the exchange of quotations in the electronic communications systems (ECN) between the largest banks and financial institutions - a process that occurs continuously 23 hours a day, 5 days a week. Forex allows you to receive high profits from even the minimum price fluctuation because trading takes place with an arm (leverage), which increases your chances, but also risk, 100 times or more.
Software - Trading Platforms
Access to market rates provides brokers and dealers (DC - dealerships) - specialized organizations, in addition need the program - trading platforms. We provide traders with a great selection of the best platforms. For beginners we recommend Broco Trader or IFX Trader - both based on the program MT4. Both novice and experienced traders will be useful platform ForexTrader Pro.
For institutional clients, as well as for active traders who want immediate execution and tight spreads, platform: Currenex Classic, which is designed to work in the interbank market from ECN systems.
What is different from the broker dealer?
Because FX is not a stock market, every company - the dealer (dealership, DC) is a market maker (vendor quotes) to their customers. Traders can always get the quote, which currently benefit from this dealer.
ECN broker is only executes client orders, passes orders to the interbank foreign exchange market. Clients such brokerage firm have direct access to quotes directly from major banks (ECN system Currenex).
It's not often scalper currency has the opportunity to work with a broker and not with DC - we provide that opportunity.
