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FOREX TODAY


When in early 1970's fixed currency rates were turned to floating, Forex started its great development and in decades it became the largest financial market in the world with average daily turnover of more than $3 trillion. Today, the Foreign Exchange Market is a network of central banks, commercial banks, different financial institutions, brokers, dealers, pension funds, insurance companies, and private investors.

Trading sessions

The need in foreign currencies constantly arises in people and companies in different countries at any time. Today Foreign exchange market works 24 hours a day and 5 days a week without lunch breaks. During the days off both Forex market and stock exchange take a break. A trading session lasts from approximately 10 a.m. to 6 p.m. local time. Thus trading sessions may overlap each other. Business news services form all around the globe collect currency quotes and provide them to banks, investment offices and brokerage houses.

Forex currencies

About 80% of all operations in the market are speculative deals based upon making profit from difference in currency rates. Both large financial institutions and private individuals single traders earn money by buying a currency and selling another one. The most popular currencies are US Dollar, Euro, Swiss Franc, Japanese Yen, Canadian Dollar, Australian Dollar, and British Pound, which attract many investors by their volatility and liquidity. The relative value of a currency versus another currency makes up a currency pair. Such currency pairs as EUR/USD, USD/JPY, GBP/USD and USD/CHF are considered majors. Forex Ltd offers trading in 21 currency pairs and 2 currency indices.

To start trading Forex you should open a trading account and make deals via trading terminal installed to your computer. Global communicational network allows trader to virtually make deals any time of the day from any place of the world.

Forex Ltd offers wide range of financial instruments including currency pairs, CFDs on shares and exchange traded funds, free trading software and analytical tools.

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