Foreign currency trading you should know this
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| Foreign currency trading, trading account, Forex trading platforms, |
Foreign currency trading Which currencies are traded in Forex?Almost like many countries or economic communities (such as Europe). These are the most traded currencies:
foreign currency trading
Of all the most traded currencies are the US dollar, the tracking of the euro, the Japanese yen and the pound sterling.
When to trade with Forex?The forex market is unique, it is open 24/7. From Tokyo to New York, passing through London, the market is moving and can run anytime, day or night.
Opening and closing of the three most important centers (GMT):
Tokyo: It opens and closes at 0 hours 9 hours.
London opens at 8am and closes at 5pm.
New York: opens at 13 a.m. and closes at 10 p.m.
Tokyo: It opens and closes at 0 hours 9 hours.
London opens at 8am and closes at 5pm.
New York: opens at 13 a.m. and closes at 10 p.m.
Main places of exchange operations
No commissions.
Usually, the merchant is not responsible for the commission of almost all types. The brokers through which the distribution operates, usually accounting for less than 0.1 percent of the cost per transaction, in large brokers, may even be less than 0.07 percent, of course, depends on the lever , Which is discussed in more detail below.
Without intermediaries. The foreign exchange market as we call it in eFXto is the spot market, which means you trade directly with the market.
Flexible lot The minimum contract transaction is very flexible in the currency compared to other markets. And also choose the size of your operation. This allows you to participate with accounts as small as $ 50, you can even negotiate with pennies! (Although it is not good to operate with such small beads, you will discover along the way).
24 hours. From Sunday afternoon to Friday afternoon, it can be done at any time of the day, even in principle, there is no time to close the transaction.
Influence. A small amount of capital can control a much larger volume of foreign exchange transactions, this is due to the high level of leverage available in this market. For example, with a leverage of 100: 1, you can perform 100 000 pieces of the operation with a deposit of only one thousand. But it is a double-edged sword, the use of high leverage can lead to big gains or big losses.
High liquidity. With such a huge market, the liquidity it offers is so huge. This means that, under normal market conditions, buy or sell instantly.
Mini and micro commerce. You can start Forex trading with the mini or micro that require small minimum deposit accounts, $ 500 or less. This makes it accessible to almost everyone, however, to operate with adequate risk control, we can recommend a higher initial deposit, you will understand.
Usually, the merchant is not responsible for the commission of almost all types. The brokers through which the distribution operates, usually accounting for less than 0.1 percent of the cost per transaction, in large brokers, may even be less than 0.07 percent, of course, depends on the lever , Which is discussed in more detail below.
Without intermediaries. The foreign exchange market as we call it in eFXto is the spot market, which means you trade directly with the market.
Flexible lot The minimum contract transaction is very flexible in the currency compared to other markets. And also choose the size of your operation. This allows you to participate with accounts as small as $ 50, you can even negotiate with pennies! (Although it is not good to operate with such small beads, you will discover along the way).
24 hours. From Sunday afternoon to Friday afternoon, it can be done at any time of the day, even in principle, there is no time to close the transaction.
Influence. A small amount of capital can control a much larger volume of foreign exchange transactions, this is due to the high level of leverage available in this market. For example, with a leverage of 100: 1, you can perform 100 000 pieces of the operation with a deposit of only one thousand. But it is a double-edged sword, the use of high leverage can lead to big gains or big losses.
High liquidity. With such a huge market, the liquidity it offers is so huge. This means that, under normal market conditions, buy or sell instantly.
Mini and micro commerce. You can start Forex trading with the mini or micro that require small minimum deposit accounts, $ 500 or less. This makes it accessible to almost everyone, however, to operate with adequate risk control, we can recommend a higher initial deposit, you will understand.
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