Trade with confidence and benefit from low-spread trading
A foreign exchange market, also known as Forex, is the place where traders exchange currencies from all over the world, such as U.S. Dollars, British Pounds, Euros, Japanese Yens and Chinese Remninbi. Essentially, trading forex means buying one currency and selling it at the same time, which is why currencies are quoted in pairs. Forex market is quite uncertain and there are a few trends that can have an impact on price volatility, which mainly includes macroeconomics or geo-politics. Currencies always rise and fall against one another, so traders use various tools and forecasting techniques to make profits on their trades.
Forex market provides many opportunities and it is the most traded and liquid market in the world, with over $5 trillion U.S. Dollars being traded every day. It is a global market and allows currencies trading to be executed at a high speed for 24 hours a day over five days a week.
Given the fact that forex volatility is largely influenced by geo-political events and market news, implies that it provides various short term trading opportunities. With CCX Markets you can follow news and education materials to make the most out of your trading