What is Forex ?

Forex (Foreign Exchange) is the global marketplace for trading national currencies. It operates 24 hours a day, five days a week, and is the largest and most liquid financial market in the world, with daily trading volumes exceeding $6 trillion. In forex trading, currencies are traded in pairs (e.g., EUR/USD), meaning you are buying one currency while selling another.

The forex market is influenced by a wide range of factors, including economic indicators, interest rates, geopolitical events, and market sentiment. Traders aim to profit from fluctuations in currency exchange rates, which can be driven by these and other factors. Forex is popular among both retail and institutional investors due to its high liquidity, volatility, and accessibility.

Forex is widely traded by central banks, financial institutions, corporations, and individual traders, making it one of the most dynamic markets globally.

Key features of the forex market

Currency Pairs

Forex trading involves pairs like EUR/USD, GBP/JPY, and AUD/USD, where the first currency is the "base" and the second is the "quote" currency.

Leverage

Forex brokers often offer high leverage, allowing traders to control larger positions with smaller capital investments.

Volatility

Exchange rates can change rapidly, providing opportunities for both short-term and long-term traders.

Platform

Trading Platform

Trading Platform

MetaTrader 5 (MT5)

Trade anytime and anywhere using MT5, a powerful global trading platform that provides access to wide range of trading products and professional market analytics.