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Remember that forex is the most-traded financial market in the world, with prices that are constantly moving, therefore creating an abundance of opportunities to trade. Another of the key risks to consider is that some forex pairs are much more volatile than others, and pairs that include USD are often in high demand making them more liquid than others. However, to gain the rewards and profits you may be looking for, you need to have a full understanding of all risks involved in trading and the forex market.
With tight variable spreads, low commissions and an NDD model, we want all our clients to be profitable traders so there is no conflict of interest. FXOpen is one of the best forex trading platforms, with a range of major, minor and emerging currency pairs for you to go long or short on, as well as forex charts and other useful tools like an economic calendar. Why not get in touch with our team today to access a live account.
Offering you the ability to trade in over 50 forex markets, 24 hours a day from Sunday night until Friday night, discover for yourself why so many experts trade with FXOpen. Why do people trade forex? People trade on the forex market for a number of different reasons. The foreign exchange markets are the largest and most liquid financial markets in the world, making them immensely popular among forex brokers and traders. Forex trading exploded in popularity because of its leverage, continual trading opportunities, high liquidity and low entry costs.
What is a forex broker? After the s, when the United States dropped the Bretton Woods agreement regarding the USD convertibility in gold, the foreign exchange market grew dramatically. First available only to institutional players due to the high transaction costs and difficulty to access, it all changed when the internet and online trading appeared.
Forex brokers made it possible for the retail trader to join the largest financial market in the world. A forex broker is an intermediary link between the trader and the market. It offers market quotes via its various liquidity providers, and its trading platform reflects the best possible conditions it has to offer to its customers. For this, it charges a fee or a commission, and its interests align with those of the trader.
Brokers are organised as either a dealing desk also called market makers or a non-dealing desk. Why FXOpen? Our mission FXOpen has been offering Forex brokerage services since and is currently one of the most successful and fastest-growing Forex brokers. Since the very start FXOpen has been true and loyal to its goal - making Forex trading more professional, easy-to-access and secure. FXOpen was founded by a group of traders so everything we do has the traders' interests at its core.
With our many years of experience, we know all the ins and outs of Forex trading. We know what it takes to achieve success in Forex and the pitfalls that may impede traders on their way there. We are open and like to share our experience and knowledge with traders to help them achieve the best possible results. And with FXOpen's unique proprietary price aggregating technology our clients can benefit from the industry's most competitive spreads and low trading commissions.
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