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Forex Trading
Forex Trading
Forex Trading involves buying and/ or selling one foreign currency against another. It is a market with a daily turnover of over 4 Trillion dollars and is available for you to take advantage of 24 hours a day.
When traders are going for currency trading they look at the exchange rates which mainly depends upon a lot of factors such as economic factors including inflation, industrial production and so on. Based on these factors traders can take the decision whether to buy or sell a particular currency pair. Currency trading is done and quoted based on currency pair for example EUR/USD.
Why Trade Forex with Apafxtrade?
- No Fees or Commission
- Trade currencies online with tight spreads and NO fees or commissions
- Leverage of up to 2000:1
- Take Advantage of high leverage to maximize your Forex trading
- 24 Hour Dedicated Support
- At Apafxtrade, superior support is just a phone, email or mouse click away – our Client Support Center is available to help you every step of the way!
Forex trading is a huge market. Billions are traded in foreign exchange on a daily basis. Whether you are an experienced trader or an absolute beginner, finding the best forex broker and a profitable forex day trading strategy or system is complex.
Why Trade Forex?
The forex market offers the day trader the ability to speculate on movements in foreign exchange markets and particular economies or regions. Furthermore, with no central market, forex offers trading opportunities around the clock.
- Liquidity – In the forex market there is an average volume of over $3.2 trillion dollars traded per day. So, there is an abundance of trades and moves you can make.
- Diversity – Firstly, you have the pairs stemming from the eight major global currencies. On top of that, many regional currency pairings are also available for trade. More options, more opportunities to turn a profit.
- Accessibility – The forex market is readily accessible, open twenty-four hours a day, five days a week. As a result, you decide when to trade and how to trade.
- Leverage – A significant amount of forex currency pairings are traded on margin. This is because leverage can be used to help you both buy and sell large quantities of currency. The greater the quantity, the greater the potential profit – or loss.
- Low commissions – Forex offer relatively low costs and fees compared to other markets. In fact, some firms don’t charge any commission at all, you pay just the bid/ask spreads. True ECN firms may also offer 0 spread!