Forex

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Trade with tight spreads starting from 0 pip* and leverage up to 1:500 on currency pairs like GBPUSD, EURUSD, and USDJPY.

WHAT IS FOREX?

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Trade with Loyalty Liquidity Limited on FX, Commodities, Indices, cryptocurrencies, and 1400+ CFDs worldwide. For fantastic rates, quick execution, and excellent manual support, open accounts on MT5.

Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is how individuals, companies, and central banks convert one currency into another – if you have ever traveled abroad, then it is likely you have made a forex transaction.

While a lot of foreign exchange is done for practical purposes, most of the currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make the price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits, while also increasing the risk.

Financial centres around the world function as anchors of trading between a wide range of different types of buyers and sellers.

  • The foreign exchange market, which is usually known as “Forex" or "FX," is the largest financial market in the world.
  • Forex or Foreign Exchange is a process of simultaneous buying of one currency on another
  • Different exchange rates for different currencies
  • Currencies are traded in pairs
  • This market has more buyers and sellers than any other market in the world since the volume here is very high
  • The largest stock market in the world, the New York Stock Exchange (NYSE), trades a volume of about $22.4 billion each day.
  • The currency market is over 53 times BIGGER! It is HUGE!
  • That huge $ 5.0 trillion number covers the entire global foreign exchange market, BUT retail traders (that's us) trade the spot market and that's about $ 1.49 trillion.