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Curious about the current markets?

Before making any trading decisions, it's crucial to understand the existing market conditions and trends.

The term Forex (FX) is derived from two words - exchange (exchange) and foreign (foreign currency). The primary concept is that currency prices change as traders continually exchange currencies at favorable rates. Market participants include many funds and organizations, with no strict rules or fixed rates.

 

The trading turnover in Forex is the largest globally (daily ranging from 4 to 7 billion dollars). Neither the stock market nor the metals market (gold, silver, etc.) can compare to this volume, though currency rate fluctuations are lower than those in the stock market. 

 

The main currency pairs traded on the online platform include EUR/USD, GBP/USD, USD/JPY, USD/CHF, and USD/CAD. However, it is also possible to trade cross rates without involving the U.S. dollar.

 

To seize a favorable moment, traders must consider numerous factors. For instance, the fluctuation of the U.S. dollar rate is influenced by the economic and political situation in the U.S., whereas the euro is affected by the situation in the European Union. News from these regions can impact both the increase and decrease in supply and demand. Our platform offers analytical tools, educational resources, and support services to simplify the decision-making process for traders.

 

Leverage or a loan, which is a credit provided by a broker to an investor to execute a transaction larger than the investor's available funds (for example, 1:500 or when the broker adds 500 dollars to your 1 dollar), can be an effective tool; however, it is essential to know how to use it, as an incorrect strategy can result in losses.

 

You can start trading with a relatively small capital of 100 dollars.

 

How can you start your trading on the Forex market?

  • Register on the platform
  • Replenish your account (with fiat currencies (USD/EUR/GBP, etc.) or cryptocurrencies)
  • Start trading and make a profit (Sell - sell, Buy - buy).