An Overview of Forex Trading

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An Overview of Forex Trading
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What is Forex Trading?
Foreign exchange, commonly known as 'Forex' or
'FX', is the exchange of one currency for another
at an agreed exchange price. Forex is one of the
world's most traded market.
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Why do Forex Trading?

• Global Business Operations
• Profit Speculation
• Brokerage Purpose

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Benefits of Forex Trading
Time and Place Flexibility The market is open
247. So you can trade any time and from any
place. Highly Liquid Market Liquidity is an
important feature of market, which is due to its
vastness. Low Transaction Costs The cost
spread is not more than 0.1 and could be even
lower in case of large dealers. Margin Based
Trading This allows traders to engage in
trading activities until they have margins
remaining in their account.
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Major Currencies
Code Country Currency Nickname
USD United State Dollar Buck
EUR Euro Zone Members Euro Fiber
JPY Japan Yen Yen
GBP Great Britain Pound Cable
CHF Switzerland Franc Swissy
CAD Canada Dollar Looine
AUD Australia Dollar Aussie
NZD New Zealand Dollar Kiwi
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Ways to Trade Forex

• Spot Market
• Futures
• Options
• Exchange Trade Fund

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Ways to Trade Forex

• Spot Market

The unique aspect of spot market is that
currencies are traded on the spot. The features
of this market are simplicity, liquidity, tight
spreads and 24X7 operations.

• Futures

Futures are contracts which enable a Forex trader
to buy or sell a certain asset at a later date.
This market is well administered and transparent.
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Ways to Trade Forex

• Options

An option is an instrument available in the
Forex market which offers a buyer the right to
buy or sell assets to traders. But its not
compulsory to make a transaction.

• Exchange-traded Funds

These are the latest addition to the Forex
trading world. This offers the traders stocks
combined with certain currencies, allowing
different options.
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For More Information Contact Us
Learn To Trade Pty Limited
Address
Suite 501 132 Arthur Street North Sydney 2060 NSW
Phone No
[phone]
E-mail
info_at_learntotrade.com.au
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