Currency trading, better known as forex (foreign exchange) market is a place where speculators foresee the currency conversion rate depending on market fluctuations and allow them to trade. It is, by far, the largest liquid financial market and has gained immense popularity over the years. The trading happens in pairs as one currency is exchanged with another. However, you will need a reliable platform which offers this service. With us, you can get the best deals and a wide range of currency pairs.
Let us first understand the principle and then proceed further to our company. In this type of trading, currencies from different countries are traded against each other. For example, you buy Euro currency whilst selling your US dollars. This is done with the help of a broker or market maker. You will have to choose a pair that you think will give you the maximum benefits and place your trade. Once this is done, your broker will pass the order to the Interbank Market and your position is filled. You can decide on closing a trade and once this is done, your account will be credited with the profit or loss arising out of your speculation.
We offer over 60 currency pairs to choose from and with the tightest spreads. This means that the difference between ask and bid price is minimal so that you get the best results. Our spreads are calculated with the help of data got from the banks we trade. So, they are accurate and as per the underlying market conditions.
Types of trading offered
Binary trading – A binary trade in an forex market means you will be asked a question on whether a certain event will come true or not. All you will have to do is answer, ‘yes’ or ‘no’. If the event occurs, the binary stays at 100 and if it does not, it stays at 0. These depend on short term changes in market, but offer you high returns. You can speculate over a fixed period of time and reap immediate results.
Options trading – This type of trading allows you to speculate on the future underlying market decisions and you will have all the rights to buy or sell trade in the future. The price for the trade is pre-decided. This type of trading works well when you foresee changeable market conditions which will work in favor of your trade. This trading allows you to trade in forex, shares, stock, etc.
With us, you do not have to maintain a minimum account balance which is mandatory for many other platforms. Our online market has carved a niche for itself by offering the best trading solutions at very competitive rates. We offer a guide for all those who wish to trade with us and this is a comprehensive one that explains every step. Be it an amateur or experienced trader, check our website now and find out all about currency trading and market behavior.