Forex
Forex stands for Foreign Exchange. It is the most famous form of trading online. Forex represents one of the largest markets worldwide with an average transaction volume of $4 trillion per day. In contrast, the stock market itself has a total daily transaction of $ 84 billion on a daily basis. You see the difference, you see how powerful the Forex market is
Another reason why Forex is not known by all is because Forex was a market mainly in the hands of the rich people. People weren’t allowed to trade with small amounts of money, like they can now. It was easier for average wealthy people to buy a stock rather than trade on currency pairs. Today, you can open an account with Beat Group Market and start trading with a firm minimum of $250.
When we refer to Forex, many people are not familiar with the term. Why? This happens because on a daily basis people know it as exchange centers. When you go for vacations to another country, you exchange money, you just become part of the forex trade. When you buy a product online and the price is in US dollars but you pay it in euros, then again you become part of forex transactions.
Why trading Forex?
Forex Trading has experienced a growth in popularity in the last 10 years. It became popular because of many advantages, like availability, being profitable in both directions, liquidity, leverage availability, international markets exposure.
Market Availability- Forex is available 24 hours during 5 business days. This way, you can trade major, minor and exotic currencies any time. Since availability is during all the day, and not in particular hours, it means that sudden events can happen anytime during business days.
Make profits in both directions- In Forex there are excellent opportunities to generate profits. If you believe that the price will go up, buy it and sell later when the price has already gone up. If you believe that the price will fall, sell it so your currency will no be devalued.
You can trade currencies anytime using leverages available if you want to boost your trading presence. We are providing 3 different leverages, 1:100, 1:200 and 1:300. Leverage comes with power and risk also, so be careful how you use it. Forex has a high level of liquidity, because of the large number of daily volume transactions.
