What is Forex?

What is Forex?

Trade Forex in a global decentralised market where currencies
pairs and cryptocurrencies are traded

Forex, stocks, commodities, cryptocurrencies, and currency trading, is the act of buying and selling a stock or commodity or any currency in exchange for another currency. The forex market is one of the most liquid and largest markets in the world with an estimated trading volume exceeding $7 trillion daily.

How does forex trading work?

To be exact, Forex is a network of people, who buy, sell and transfer currencies among them at a predetermined price. These people can be companies, banks or individuals. Forex is the means to convert one currency into another. Travelling abroad or even fiscal trading between different countries or even continents usually include making forex transactions.

Although most of the foreign exchanges occur for practical reasons, as the ones stated above, another portion of it is done with the purpose of profiting off it. However, since the currencies converted every day come in massive amounts, price movements become volatile to a very great extent. The combination of the chance to make higher profits along with the increased possibility of risk is what makes forex attractive to most traders.

FX Market

The FX Market

What makes the Forex Market unique is that while being an international market, there is no central marketplace to trade forex. Instead, this trading of currencies happens electronically, over-the-counter (OTC), meaning that all transactions occur online among traders worldwide rather than via one centralized exchange. Having approximately $5 trillion USD trading every day, the foreign exchange market is by far the most liquid in the world. As a result, any currencies in high volumes can be bought, while the market is open.

What is also worth noticing is that the market is open 24/5, Monday to Friday, and currency trading happens in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney. Of course, we also have the CRYPTOCURRENCIES trading 24//7 that aretradable 24/7. Therefore, depending on the time zone, when one trades in the U.S another does not in Tokyo, thus the forex market can be active at any time, with prices constantly changing. This is not the case with all the other instruments, where if the market falls, traders’ assets will remain untradeable. With forex there is always someone on the buy side and on the sell side.




Buy and Sell Currencies

All forex trading transactions include two currencies since traders bet on the value of a currency against another. Taking one of the most frequently traded currency pair EUR/USD as an example, EUR is considered the base while USD is the counter.

When you see a price presented on your platform, it indicates how much one euro is worth in US dollars. There are always two prices because one is the buy price, and the other is the sell. Their difference is called the spread. Once you click buy or sell, you are buying or selling the first currency in the pair.

Why Choose Us


Our dedicated team is providing you the best trading conditions and platform to help you have the best trading experience.


Benefits of Forex Trading



Trade forex CFDs using leverage and receive a probable higher market exposure. The higher the exposure the bigger ups and downs. Speculate when one currency is rising and falling as opposed to other currencies.

Round-the-clock Trading

Trade up or down just with equal ease. If you think a currency's value will be increased you can go ahead and buy it. If you think otherwise, you can sell it.

Currency Pairs

Forex trading provides you with the opportunity to trade a wide suite of currency pairs, speculate on global events and on the strength of major and minor economies.

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