The foreign exchange market—or forex for short—is the buying and selling of currencies, and it’s one of the fastest growing markets in the world. Forex trading works much like it does with stock trading; you buy low and sell high. You can trade forex conveniently online 24 hours a day, 5 days a week. Plus, you can buy and sell at any time, in bull markets and in bear markets. Forex is the world’s most traded market, with an average turnover in excess of US$5 trillion per day.
Essentially, forex trading is the act of simultaneously buying one currency while selling another, primarily for the purpose of speculation. Currency values rise (appreciate) and fall (depreciate) against each other due to a number of factors including economics and geopolitics. The common goal of forex traders is to profit from these changes in the value of one currency against another by actively speculating on which way forex prices are likely to turn in the future.
The foreign exchange market—or forex for short—is the buying and selling of currencies, and it’s one of the fastest growing markets in the world. Forex trading works much like it does with stock trading; you buy low and sell high. You can trade forex conveniently online 24 hours a day, 5 days a week. Plus, you can buy and sell at any time, in bull markets and in bear markets. Forex is the world’s most traded market, with an average turnover in excess of US$5 trillion per day.
Essentially, forex trading is the act of simultaneously buying one currency while selling another, primarily for the purpose of speculation. Currency values rise (appreciate) and fall (depreciate) against each other due to a number of factors including economics and geopolitics. The common goal of forex traders is to profit from these changes in the value of one currency against another by actively speculating on which way forex prices are likely to turn in the future.
There are many benefits and advantages of trading forex. Here are just a few reasons why so many people are choosing this market from babypips.com:
No Commissions
No clearing fees, no exchange fees, no government fees, no brokerage fees. Most retail brokers are compensated for their services through something called the “bid/ask spread“.
No middlemen
Spot currency trading eliminates the middlemen and allows you to trade directly with the market responsible for the pricing on a particular currency pair.
No fixed lot size
In the futures markets, lot or contract sizes are determined by the exchanges. A standard-size contract for silver futures is 5,000 ounces. In spot forex, you determine your own lot, or position size. This allows traders to participate with accounts as small as $25 (although we’ll explain later why a $25 account is a bad idea).
Low transaction costs
The retail transaction cost (the bid/ask spread) is typically less than 0.1% under normal market conditions. At larger dealers, the spread could be as low as 0.07%. Of course this depends on your leverage and all will be explained later.
A 24-hour market
There is no waiting for the opening bell. From the Monday morning opening in Australia to the afternoon close in New York, the forex market never sleeps. This is awesome for those who want to trade on a part-time basis, because you can choose when you want to trade: morning, noon, night, during breakfast, or in your sleep.
No one can corner the market
The foreign exchange market is so huge and has so many participants that no single entity (not even a central bank or the mighty Chuck Norris himself) can control the market price for an extended period of time.
Leverage
In forex trading, a small deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum.
For example, a forex broker may offer 50-to-1 leverage, which means that a $50 dollar margin deposit would enable a trader to buy or sell $2,500 worth of currencies. Similarly, with $500 dollars, one could trade with $25,000 dollars and so on. While this is all gravy, let’s remember that leverage is a double-edged sword. Without proper risk management, this high degree of leverage can lead to large losses as well as gains.
High Liquidity.
Because the forex market is so enormous, it is also extremely liquid. This is an advantage because it means that under normal market conditions, with a click of a mouse you can instantaneously buy and sell at will as there will usually be someone in the market willing to take the other side of your trade.
You are never “stuck” in a trade. You can even set your online trading platform to automatically close your position once your desired profit level (a limit order) has been reached, and/or close a trade if a trade is going against you (a stop loss order).
We want to make trading as easy and seamless as possible. You can trade anytime, anywhere from several devices.
Metatrader 4 for Desktop & Laptop
MetaTrader 4 offers the leading trading and analytical technologies, as well as additional services. It has everything you need for Forex trading
The Market and pending orders, Instant Execution and trading from a chart, stop orders and trailing stop, a tick chart and trading history — all these tools are at your disposal.
Metatrader 4 for Desktop & Laptop
MetaTrader 4 offers the leading trading and analytical technologies, as well as additional services. It has everything you need for Forex trading
The Market and pending orders, Instant Execution and trading from a chart, stop orders and trailing stop, a tick chart and trading history — all these tools are at your disposal.
Metatrader 4 APPLE & ANDROID
Whether you’re an Apple or Android user, you can now access your MT4 account away from your desk. With full function capabilities on both operating systems for both smartphones and tablets, you can trade how you like and when you like.
View prices in real time and execute trades just as you would on your desktop. Turn on push notifications to keep up with positions and the news on-the-go. Try the app today!
Metatrader 4 APPLE & ANDROID
Whether you’re an Apple or Android user, you can now access your MT4 account away from your desk. With full function capabilities on both operating systems for both smartphones and tablets, you can trade how you like and when you like.
View prices in real time and execute trades just as you would on your desktop. Turn on push notifications to keep up with positions and the news on-the-go. Try the app today!
MetaTrader 4 on Mac
Gone are the days were trading was only for windows users.Klimex Capital Markets has developed a unique solution for Apple users, allowing them to fully exploit the powerful capabilities of the MT4 platform on their
Klimex Capital Markets has developed a unique solution for Apple users, allowing them to fully exploit the powerful capabilities of the MT4 platform on their iOS based devices. Simply drag and drop the MT4 file into your applications folder and instantly have access to global markets directly from your Mac. This version works seamlessly and includes all the same features as its Windows based counterpart.
Forex traders using MT4 for Mac, have the ability to run Expert Advisors and all custom made FX Indicators. This solution is the most technologically approach on the market for Mac based Forex traders.
MetaTrader 4 on Mac
Gone are the days were trading was only for windows users.Klimex Capital Markets has developed a unique solution for Apple users, allowing them to fully exploit the powerful capabilities of the MT4 platform on their
Klimex Capital Markets has developed a unique solution for Apple users, allowing them to fully exploit the powerful capabilities of the MT4 platform on their iOS based devices. Simply drag and drop the MT4 file into your applications folder and instantly have access to global markets directly from your Mac. This version works seamlessly and includes all the same features as its Windows based counterpart.
Forex traders using MT4 for Mac, have the ability to run Expert Advisors and all custom made FX Indicators. This solution is the most technologically approach on the market for Mac based Forex traders.
