What is Forex Exchange Trading

Forex markets 24 hour trading with the comfort of market access through various trading platforms. The Forex market offers the best liquidity compared to all the other marekts. The Foreign Exchange Market ( Forex, FX, or Currency Market) is a decentralized market in which the Global Forex trading, Commodities, Stock indices and Shares occurs simultaneouly. This is worlds largest makert with over $ 5 trillion in daily transaction volume and increasing swiftly as investors and traders are more interested in it trading. It is also the most liquid market in the world.

24 Hour Trading – Forex trading is continuous 24 hours a day, 5 days a week. Therefore, no matter where in the world you are or what time it is, opportunities exist in the Forex markets. This advantage allows even full time workers to have plenty of available occasions to trade Forex.

Ease of Access – Perhaps the biggest advantage of the Forex markets is just how easy it is to start trading. Anyone with an internet connection and even a small sized account can start trading. Also, the availability of leverage, allows the trading of large positions with a low initial investment.

Trading Forex with GrowFundSolution

Currency trading is one of the most attractive markets for both new and experienced traders.There are many ways to be part of these exciting markets.Foreign exchange is dynamic and fascinating. The MT5 platform of GrowFundSolution provides liquidity pools so you get easy trading of forex and CFDs with the tightest fixed spread and execution guarantees on stop loss and take profit orders with zero slippage (no re-quotes).

Why Trade Forex with GrowFundSolution?

  • Over 150+ instruments – forex, CFDs for stocks, commodities & indices.
  • Trade with confidence – GrowFundSolution is an internationally reputated broker
  • 55+ currency pairs – Trade major, minor and exotic pairs.
  • Competitive Spreads – Starting at just 0.8 pips.
  • Powerful Platforms – Manage your trade manual or use automated trading.
  • Leveraged Trading – Up to 400:1 leverage on currency pairs.
  • Master your trading skills – High quality educational materials & daily market analysis.
  • Best in class costumer service – 24/6 multi-lingual live support.

Basic Terms on Forex

When trading Forex, you are buying one currency by using another. Therefore, the FX trader is trading currency pairs and not each currency individually. Take for example the EURUSD, when buying the pair – it means you are buying EUR using (selling) USD. When selling the pair – it means you are buying USD using (selling) EUR.

Basic Forex Rates

The pairing of the currencies is presented as a rate, which reflects the ratio between the values of the two currencies. For instance, the rate for buying the pair GBPUSD is 1.50514, i.e. £1 GBP = $1.50514 USD.

Forex Pairs Groups

The Forex pairs are divided into three main groups – majors, minors and exotic pairs. The main difference between the pairs is their liquidity which is a result of the trading volume of these pair. E.g., the major currency pairs are the most traded pairs and each include the USD and another currency, while the most traded minor pairs include one of the three major non-USD currencies (The Euro, the UK Pound and the Japanese Yen). How to trade FX with GrowFundSolution

Forex Trading Platforms

GrowFundSolution offers a selection of trading platforms, for both automated and manual trading, with unique features and tools to optimize your trading experience. Whether you are interested to trade on your own, or copy the trades of others, our selection caters to all traders, where you are sure to find the one for you. We also offer the option to open a demo account on each platform, where you can practise trading on your platform of choice and master your trading skills, before you start trading in the real market with your own money.

Leveraged Trading

The ability to hold larger trading positions than what one’s own capital allows is enabled through leverage given by the broker. At GrowFundSolution, traders can enjoy up to 400:1 leverage on most forex pairs. This means that a trader needs only 0.25% of a position size in order to open a position. For example, if the EURUSD pair is traded at a buying price of 1.1123. To open a position of 100,000 units of the instrument, a trader needs €111,230 Euro, or $123,721.12 USD. However, thanks to leveraged trading, the trader will need only 0.25% of this position, i.e. €278.07 Euro, or $309.30 USD. The ability to leverage one’s position is a great advantage which can magnify a trader’s profits. However, one should always have in mind that losses can be magnified as well.