Trading the foreign currency market, or the Forex Market, as it is commonly known, is the most developed financial market in the world. The Forex Market is not concentrated in any one exchange, rather the vast majority of forex trades are private deals between two parties in what is known as an 'Over the Counter' or OTC market. The currencies are traded and quoted in pairs such as Euro/U.S. Dollar or U.S. Dollar/Japanese Yen, where a deal is the combination of selling one currency while buying another currency at the same time.
Traders do not take positions on a currency pair at the exact rate at which the currencies are trading. Instead, there are two rates for the currency pair: the bid rate and the ask rate. The difference between the Bid price and Ask price is the spread.
• The bid rate is the price at which traders can Bid the pair.
• The ask rate is the price at which traders can Ask the pair.
Margin is a performance bond, or good faith deposit, to ensure against trading losses. The margin requirement allows traders to hold a position much larger than their actual account value. In the event that funds in the account fall below margin requirements, some or all open positions will close. This prevents clients' accounts from falling into a negative balance, even in a highly volatile, fast moving market.
From the Finexo Platform, you can buy and sell currencies instantly according to your desire. Our platform allows you to leverage your funds 100:1. Currently, the ForexWebTrader platform allows you to trade more than 45 different Currency pairs.
Leverage allows traders to borrow money and use that money to invest in the foreign exchange market. Because of leverage, clients without a huge amount of capital are able to make large investments, whereas in other markets such as the equities market, clients would have to pay 50% of the full amount for each share of stock they were investing in.
Limit orders are commonly used to enter a market and to take profit at predefined levels. Limit orders to buy are placed below the current market price and are executed when the Ask price hits or breaches the price level specified. (If placed above the current market price, the order is filled instantly at the best available price below or at the limit price.) Limit orders to sell are placed above the current market price and are executed when the Bid price breaches the price level specified.
Welcome to Finexo, the elite broker trading and investing platform for the Forex exchange.
The Forex market is the safest, most liquid and most traded exchange in the world. With over 3 trillion dollars flowing through it each day, it is easy to see why currency trading has become popular among the average investor. Yet, without proper training, education and guidance, success at trading the Forex market is difficult. The Finexo platform is designed to educate our clients and make the currency markets easy and understandable before the first trade.
Finexo provides clients with 24 hour customer service, top-rated market updates and award winning, cutting edge technology that provides traders with the fastest possible execution on all of their trades.
Finexo's commitment to the individual investor is paramount to our mission. Through our professionalism, knowledge and advanced technology, Finexo has rapidly become distributor to one of the most decorated and premier Forex platforms in the world.
Through the use of real-time news updates, charts, graphs and a 24 hour support network, Finexo’s dedication to providing the most accessible, practical and successful way to trade currency online is unmatched.
To open an account, click here.
