What is Forex Trading?
Foreign exchange, commonly known as 'Forex' or 'FX', is the exchange of one currency for another at an agreed exchange price. Forex is one of the world's most traded market.
Why do Forex Trading?
Global Business Operations Profit Speculation Brokerage Purpose
Benefits of Forex Trading Time and Place Flexibility – The market is open 24*7. So you can trade any time and from any place. Highly Liquid Market – Liquidity is an important feature of market, which is due to its vastness. Low Transaction Costs – The cost spread is not more than 0.1% and could be even lower in case of large dealers. Margin Based Trading – This allows traders to engage in trading activities until they have margins remaining in their account.
Major Currencies Code
Country
Currency
Nickname
USD
United State
Dollar
Buck
EUR
Euro Zone Members
Euro
Fiber
JPY
Japan
Yen
Yen
GBP
Great Britain
Pound
Cable
CHF
Switzerland
Franc
Swissy
CAD
Canada
Dollar
Looine
AUD
Australia
Dollar
Aussie
NZD
New Zealand
Dollar
Kiwi
Ways to Trade Forex… Spot Market Futures Options Exchange Trade Fund
Ways to Trade Forex…
Spot Market The unique aspect of spot market is that currencies are traded on the spot. The features of this market are simplicity, liquidity, tight spreads and 24X7 operations.
Futures Futures are contracts which enable a Forex trader to buy or sell a certain asset at a later date. This market is well administered and transparent.
Ways to Trade Forex…
Options An option is an instrument available in the Forex market which offers a buyer the right to buy or sell assets to traders. But it’s not compulsory to make a transaction.
Exchange-traded Funds These are the latest addition to the Forex trading world. This offers the traders stocks combined with certain currencies, allowing different options.
For More Information Contact Us Learn To Trade Pty Limited Address:
Phone No: E-mail:
Suite 501 132 Arthur Street North Sydney 2060 NSW (02) 8412 6000 info@learntotrade.com.au
Visit our Website www.learntotrade.com.au
Like us on Facebook www.facebook.com/LearnToTrade.Australia
Follow us on Twitter www.twitter.com/LTTAustralia