What is forex?

Forex (Foreign Exchange) is a global, non-stop cash market where one nation’s currency can be traded for another’s. It is the largest financial market in the world with over $3 trillion worth of trades each day (about 10-15 times of all world stock markets combined).

The forex market is very similar to the stock market, except you are buying/selling positions in different currencies rather than stakes in corporations. If you think the value of a certain currency will rise, you buy it – if you think it will drop, you sell it. That’s all there is to it.

Why trade forex?

HIGH RETURNS

Forex offers the highest risk / reward potential out of all financial markets through the high amount of leverage that is available to you (higher leverage means higher risk).

EXTREME LIQUIDITY

You can easily turn your investments back into cash, as the forex market’s round-the-clock trading and large size allow you to sell out of your positions almost instantly.

24 HOUR MARKET

Unlike the stock market, the forex market stays open 24 hours a day,
5 days a week allowing you to trade on your own schedule and react to news in real time.

HUGE MARKET SIZE

Larger than all other financial markets, the forex market provides reduced risk of market movement due to fraud and other non-pure factors.

HIGH VOLATILITY

There are always opportunities to trade as currency exchange rates constantly change with high volatility, and you can easily both long and short in forex trading.