Forex
What is Forex?
Forex is a decentralized global market where millions of traders all around the world buy and sell currency. FX, which stands for Forex Exchange, is recently the largest and the most liquid market with a daily trading volume exceeding $5 trillion.
You already have made a Forex transaction, once you went outside your country and converted your Euros to Pounds, for example. When you did this, the exchange rate between the two currencies- based on supply and demand- define how many Euros you get for your Pound. The changes in exchange rate keep going during the time, depending on different factors. Forex trading brings you relatively unlimited profit opportunities. However, you need to pay attention to the event happening in the market so that you can make the most out of them.
Professional Trader
Forex currency pairs
The most widely traded currency pairs in the Forex market are the majors and commodity pairs. These two pairs and their combinations make up the vast majority of all trading on Forex. Since these combinations are the most attractive ones for traders, they have the most massive volume of buyers and sellers; spreads are typically the tightest.
About Forex Trading
This international currency trade market gives the participants an enormous collection of opportunities. Taking into consideration the depth and liquidity of the Forex, it is possible to put in life with the maximum efficiency even if the strategy is not the best possible. Starting with short-term, scalping approaches to sophisticated swing trading plans, you will find yourself profiting from periodic exchange rate changes.
The most beneficial attribute of Forex is flexibility. Differently, from other trading modules as stocks, Forex trading profits do not come just around buying low and selling high. A trader can make money from being either long or short a specific market, increasing the potential trading opportunities exponentially.
Why trade Forex with Ecofix?
Diversity of choices: Trade a wide range of popular currency pairs and CFDs with improved execution and no restrictions for stop and limit orders on major indices. Powerful Trading Platforms: Engage the markets with confidence with Ecofix trading platform. It is available in a desktop, mobile, tablet. Ecofix supports Ecofix Webtrader and the advanced functionality of Expert Advisors.
