What is Forex online trading?
Forex is short for foreign exchange and is the name given to the "direct access" trading of foreign currencies. With an average daily volume of $1.4 trillion dollars, forex is roughly 30 times larger than all of the futures markets combined, and is therefore one of the most liquid markets in the world. Because forex is electronically traded like NASDAQ stocks, trading occurs 24 hours a day around the world.
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How does Forex Online trading work?
In forex online trading, currencies are always priced and traded in pairs. You simultaneously buy one currency and sell another or vice versa. The most valuable currency is listed first. For instance, you believe that the US Dollar will strengthen vs. the Euro Currency so you would sell the Euro Currency and buy the US Dollar or Sell EUR/USD. If you believed that the Euro will strengthen vs. the US Dollar then you would Buy EUR/USD. The British Pound (GBP) and the Australian Dollar (AUD) and the Euro Currency (EUR) are more valuable than the US Dollar (USD) and therefore are listed first. The Japanese Yen (JPY), the Swiss Franc (CHF) and the Canadian Dollar (CAD) are less valuable and therefore listed second.
Advantages Of SigmaForex:
- 24-hour trading, 5 days a week with non-stop access to global FOREX dealers.
- An enormous liquid market making it easy to trade most currencies.
- Volatile markets offering profit opportunities.
- Standard instruments for controlling risk exposure.
- The ability to profit in rising or falling markets.
- Leveraged trading with low margin requirements.
- Many options for zero commission trading.
