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Trading Instrument
Forex
TFX trading is the buying and selling of currencies with the aim of making a profit. Currencies are traded in pairs - the first currency listed in a forex pair is called the 'base' currency while the second currency is called the 'quote' currency.
The EUR/USD (Euro/US Dollar) is the most traded currency pair in the world. The example below involves buying the Euro and selling the US dollar. In other words, the price represents the amount of US dollars that can be exchanged for one Euro. EUR/USD = 1.2500
The FX market is open 24 hours a day, five days a week and traded online with price quotes changing constantly. This is due to a variety of factors such as interest rates, market factors and geopolitical risks that affect supply and demand for currencies.
As the largest and most-traded financial market in the world, foreign exchange offers ample opportunities for those who want to experience the highest volumes and liquidity.
Benefits of FX trading
- Wide range of forex trading
- High liquidity
- Flexible leverage