FOREX BRINGS GOOD MONEY
Unlimited opportunities
Forex market is the most popular trading market in the world nowadays. It has a $5 trillion daily transaction, allowing traders all over the world to trade via online trading platforms. You will speculate in price fluctuations in the global market of currency pairs.
Forex allows you to generate profits by the changes in the price of the currency. You will buy one currency against the other and the goal is to buy low and sell high.
As it is mentioned before, Forex move globally around $ 5 trillion, which make it the most dynamic and liquid market. This high level of liquidity means that prices change dynamically in response of news, fast and sudden events, creating amazing opportunities for traders.
YOU ALWAYS PROFIT
Market goes all the ways
Buying – Going long
When trading currency pairs, you should buy a currency pair if you have the impression that the main currency will be stronger against the other one. Or if you think that the currency quote will become weaker.
In EUR/USD pair, if you think that USD will be weaker against EUR, then we would place a buy trade or go long.
For each pip, the Euro rises against the Dollar, you will make a profit. Vice versa, you would make a loss for every pip it falls.
Selling – Going Short
On the other side, you would sell a currency pair if you think that the base currency will be depreciated against the quotes currency.
If you think the Euro value will go down compared to USD Dollar, you should place a sell trade and for every pip the Euro go down you will make a profit.
Vice versa, you will make a loss for each pip it rises.
DIFFERENT TYPES OF PAIRS
Choose your favorite ones
Fiat currencies are traditionally divided into three groups according to their liquidity and popularity.
Majors
These are the most actively traded in the FX markets, holding 85% of total trading volume.
| Currency Pairs | Shorthand | Nickname |
|---|---|---|
|
Euro vs US Dollar US Dollar vs Japanese Yen British Pound vs US Dollar Australian Dollar vs US Dollar US Dollar vs Swiss Franc US Dollar vs Canadian Dollar |
EUR/USD USD/JPY GBP/USD AUD/USD USD/CHF USD/CAD |
Euro-Dollar Dollar-Yen Cable Aussie-Dollar Dollar-Swissy Loonie |
Minors
Forex minor (minor) pairs, also known as cross rates, are pairs that do not include the USD.
| Currency Pairs | Shorthand | Nickname |
|---|---|---|
|
Euro vs Japanese Yen Australian Dollar vs New Zealand Dollar Euro vs Norweigian Krona Euro vs Swedish Krona |
EUR/JPY AUD/NZD EUR/NOK EUR/SEK |
Euro-Yen Aussie-Kiwi Euro-Nokkie Euro- Stokkie |
Exotics
Exotics are rarely traded, low volumes of trade, illiquid and tend to be expensive to trade with wider spreads.
| Currency Pairs | Shorthand |
|---|---|
|
US Dollar vs Mexican Peso Euro vs Turkish Lira US Dollar vs South African Rand Euro vs Singapore Dollar |
USD/MXN EUR/TRY USD/ZAR EUR/SGD |
