FTG Blog - The Forex Industry Makes 4.5 Trillion Euros A Day – Learn How to Trade with FTG’s Live Trading One-on-One Sessions

The Forex Industry Makes 4.5 Trillion Euros A Day – Learn How to Trade with FTG’s Live Trading One-on-One Sessions

Learn How to Trade Forex with FTG’s Live Trading One-on-One Sessions. Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where the entire world’s currencies trade. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. With over 4.5 trillion euros’ worth of currencies traded globally every day, the foreign exchange market is the most traded in the world, making it a highly liquid and dynamic market.

The foreign exchange market is the largest and most liquid market in the world. Traders include large banks, companies, central banks, institutional investors, currency speculators, corporations, governments, other financial institutions, and retail Forex traders. Unlike the equities and futures markets, FOREX has no centralized exchange. The FX market is open 24 hours a day, 5 days a week with the most important world trading centers being located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney.

But, like many high-performance endeavours, success in Forex trading requires knowledge, time, patience, and a lot of practice. At FTG we have that covered. We already have the knowledge and because our Managers are experienced in the financial markets we can save you that time and effort. Contact us today for a free no-obligation consultation on how you can start building up your trading portfolio.

Benefits of Trading Forex

Participants in Forex include central banks, corporations, individual investors and speculators, and hedge funds. With the advent of electronic trading platforms, self-directed investors and smaller financial firms now have access to the same liquidity as larger market participants.

24 Hour Market

Since the Forex market is worldwide, trading is continuous as long as there is a market open somewhere in the world. Trading starts when the markets open in Australia on Sunday evening, and ends after markets close in New York on Friday.

High Liquidity

Liquidity is the ability of an asset to be converted into cash quickly and without any price discount. In Forex this means we can move large amounts of money into and out of foreign currency with minimal price movement.

Low Transaction Cost

In Forex, typically the cost for a transaction is built into the price. It is called the spread. The spread is the difference between the buying and selling price.

Leverage

Forex Brokers allow traders to trade the market using leverage. Leverage is the ability to trade more money on the market than what is actually in the trader’s account. If you were to trade at 50:1 leverage, you could trade $50 on the market for every $1 that was in your account. This means you could control a trade of $50,000 using only $1000 of capital.

Profit Potential from Rising and Falling Prices

The Forex market has no restrictions for directional trading. This means, if you think a currency pair is going to increase in value; you can buy it, or go long. Similarly, if you think it could decrease in value you can sell it, or go short.

For more information please contact us today for a free no-obligation consultation.