The Dynamic World of CFDs On Forex Trading
The Forex Market is the most liquid market in the world, there are a large number of buyers and sellers looking to make a trade at any given time. The high volume of currency trades each day translates to billions of dollars every minute, which makes the price movements of some currencies volatile. Forex trading involves selling one currency to buy another, that’s why it’s possible to profit despite how the market moves.
Why trade CFDs On Forex with us
Active forex traders seek the momentum that comes from being able to pinpoint opportunities and get ideas from currency markets around the world. You can access global forex charting packages and currency trading maps all from one integrated platform.
What is currency trading and why do traders love it?
Currencies are always traded in pairs. The first currency in the pair is called the base currency and the second the quote currency. Forex traders buy one currency in the pair and sell the other at the same time, depending on how they think their values will change in relation to each other.
Currency values can be affected by a number of factors that impact the strength of a nation’s economy, including inflation, interest rates and political stability to name a few. Typically, forex traders see the greatest volatility before and after key economic or political events as they speculate how this could affect the markets.
Currency pairs are split into three categories. Major currency pairs are the most traded pairs in the forex industry. They usually include the US dollar as one half of the pair, like the EUR/USD and the USD/JPY. Other commonly traded major pairs include EUR/JPY.