Forex
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Forex Overview
The spot foreign exchange market (also called “Forex” or “FX”) is not traded on exchange but rather accomplished over-the-counter by two counter parties. Initially, Forex was traded “Interbank” since trading was conducted only by banks trading with each other. However, with the development of information systems and technology, financial institutions introduced margin trading on foreign exchange at more competitive terms.
At present, the majority of foreign exchange transactions are performed by speculators. Institutional investors, funds and government institutions contribute to the rest of the market participants.
It is estimated that daily Forex Market turnover exceeds 4 trillion U.S. Dollars in volume traded. Forex market today is essentially the largest and most liquid of the financial markets. Forex gives traders an access to the market 24 hours a day, 5 days a week, with prices being quoted to one thousandth of a cent! UnityStocks allows all types of Trading Strategies including News Trading. UnityStocks accounts are suitable for all types of traders, from novice traders to real Forex experts! If you are still new to Forex trading, we would suggest you to open UnityStocks Demo Account to master your trading skills.
The Benefits of Trading Forex
In the forex market, investors are trading a pair of currency and anticipating a profit from the changing values of currency over time.
Trading Hours
Unlike equity markets, the forex market is carried out 24 hours daily, from Sunday night until Friday evening.
Trading Hours
Unlike equity markets, the forex market is carried out 24 hours daily, from Sunday night until Friday evening.
Leverage and Volatility
Traders can use their deposited funds as their collateral, also known as a margin, to borrow up to 1000 times of their capital.
Leverage and Volatility
Traders can use their deposited funds as their collateral, also known as a margin, to borrow up to 1000 times of their capital.
