Forex Trading
Algorithmic Trading Bots
What is Forex Trading?
The foreign exchange (Forex) market is where currencies are traded.
It is the most liquid market in the world, with approximately $6 trillion traded per day, and has no central marketplace. Currency trading is conducted electronically over the counter (OTC), which means that all transactions occur directly via computer networks among traders around the world.
*percentages represent ratio of total traded
The benefits of Forex trading
Leverage
Leverage in Forex is a way for you to borrow capital to gain larger exposure to the market. This means that with a limited amount of capital, you can control a larger trade size
Go long & short
When you buy stocks, you can
only make a profit when markets
are rising. However, when you
trade Forex, you can make gains
by speculating on price
movements in either direction
Liquidity
The Forex market is the most
liquid market in the trading world, which means that trades can be executed and profits can be realized almost instantaneously with a click of a button
Variety
Around-the-clock trading
The Forex market is open 24 hours a day, 5 days a week. As such, you have the ability to potentially profit at any time of the day or night