By using the Web interface, you consent to the storage of cookies. More information can be found here. Agree

What is actually FOREX?

Forex (Foreign Exchange) is the most liquid and largest financial market in the world, which is simply trading with foreign currencies - FX shortcut. To open or close a position is possible within seconds. There are currencies traded in the hundreds of billions of dollars, daily. Thanks to this, Forex market highly overcomes the stock markets and bond markets.

It is a decentralized OTC market, which means that the trading takes place only by using of modern technology.

Approximately 80% of trades are represented by investments and speculations, which aim to make a profit on the movement of currency pairs. Approximately 20% of trades are being done by investment banks, funds and governments. Forex trading runs actually 24 hours a day, from Monday to Friday. It depends on the nature, determination and strategy of every trader. It is a very free and respectable profession and we will help you with a start at full blast through the project Forcashex.com.

In Forex you do not pay for opening or closing the trade. Broker lives from spread (more about this next time). Forex can be traded easily from the comfort of your home, at a beach, on a boat, just wherever you have an internet access. According to estimates, there are transactions worth about US 2-5 trillion realized, daily. The basis for determining trading strategies is Forex fundamental analysis, technical analysis, and long-term monitoring macroeconomical indicators.


Most brokerage companies allow clients to trade with a virtual money through demo accounts. Here, traders can experience  how the real trade works, as long as they do not have the certainty how to manage trading at such a level. After they can invest their own money.



The split of currencies:

MAJORS
EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, NZD/USD

MINORS
EUR/GBP, EUR/CHF, EUR/CAD, EUR/AUD, EUR/NZD, EUR/JPY, GBP/JPY, CHF/JPY, CAD/JPY, AUD/JPY, NZD/JPY, GBP/CHF, GBP/AUD, GBP/CAD

EXOTIC
EUR/TRY, USD/SEK, USD/NOK, USD/DKK, USD/ZAR, USD/HKD, USD/SGD

 

Based on how the currency pair is popular, has accordingly a large spread. Basically the most popular couples in forex,than  the spread is lower.

 

The most popular currencies for trading:

EUR / USD
USD / JPY
GBP / USD
USD / CHF

For beginners, it is clearly appropriate to start trading in the major currency pairs. 


Where and when are the trades being done?
The table starts from UTC+1

 

Special offer - Free Forcashex's signals!