Learn To Trade
Investors always look forward to investment opportunities where they can gain profit. The Forex market is easily accessible to interested investors like you. With IEXS it is easy to learn, trade, manipulate and earn money. We guide you to the most convenient and accessible way of trading in the world of Forex market.
Forex (Foreign Exchange)
Forex means foreign exchange. Sometimes it is also called FX. A simple way to understand the Forex market is to think of it as exchanging money when you travel abroad. When you exchange currency, you sell one currency and buy another at the current exchange rate. This is because the value of your own currency is not equal to the value of the currency you wish to buy. In effect, you have traded currency and this is very similar to Forex trading.
Currencies constantly need to be exchanged in order to conduct business. This makes the Forex market one of the largest, most liquid financial markets in the world. The daily volume of trades on the London Stock Exchange is USD 7 billion, whereas the daily volume on the Forex market was $5.3 trillion in April 2013 according to the BIS triennial report.
What is Forex Trading?
Forex trading is the simultaneous buying of one currency and the selling of another. When you trade Forex, you can trade with a broker through a trading platform. Currencies are always traded in pairs, for example, GBP/USD (trading the British pound against the US dollar). The first currency in the pair is known as the “base” currency, the second one is the “quote” currency. They are also often referred to as “buy” and “sell” or ``offer`` and ``bid``.
Daily currency fluctuations are usually very small. Most currency pairs move less than one cent per day, representing a less than 1% change in the value of the currency. This makes foreign exchange one of the least risky financial markets in the world.