MENU
ENEN

Forex Market

Learn how to become a forex trader as easy as that.

What is Forex trading?

The foreign exchange market, also known as the forex market, is the world’s most traded financial market. We’re committed to ensuring our clients have the best education, tools, platforms, and accounts to navigate this market and trade forex Quite simply, it’s the global financial market that allows one to trade currencies. When you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

Forex is traded on the forex market, which is open to buy and sell currencies 24 hours a day, five days a week and is used by banks, businesses, investment firms, hedge funds and retail traders. The forex market is by far the largest and most liquid financial market in the world, with an estimated average global daily turnover of more than US$6.5 trillion — which has risen from $5 trillion just a few years ago.

Forex trading is the process of speculating on currency prices to potentially make a profit. Currencies are traded in pairs, so by exchanging one currency for another, a trader is speculating on whether one currency will rise or fall in value against the other.

 

Majors

The currencies that trade the most volume against the U.S. dollar are referred to as the major currencies. A widely traded currency pair is the euro against the U.S. dollar, or shown as EUR/USD.

 

Minors

Currency pairs that are not associated with the U.S. dollar are referred to as minor currencies or crosses. These pairs have slightly wider spreads and are not as liquid as the majors. Some examples of crosses include the EUR/GBP, GBP/JPY, and EUR/CHF.

 

Exotic Pairs

Exotic currency pairs include currencies of emerging markets. These pairs are not as liquid, and the spreads are much wider. An example of an exotic currency pair is the USD/SGD (U.S. dollar/Singapore dollar).

 

Trade Energies with Parenta Financial Services Limitedto speed your profit up.

Trade Now