Forex

FOREX

Foreign Exchange Market (Forex or Currency Market) is a worldwide decentralized financial market for trading currencies. Financial centers around the world function as anchors of trade between the different types of buyers and sellers in every day, except weekends.

The purpose of the Foreign Exchange Market is to help international trade and investment. The Foreign Exchange Market allows businesses to convert one currency to another currency. For example, this allows businesses in the United States to import European goods and pay Euros, even though their revenues in Dollars US.

In a typical foreign exchange transaction, one party to buy the quantity of one currency by paying a quantity of another currency. The modern Foreign Exchange Market began to take shape during the 1970s when countries gradually switched to floating exchange rates from the previous exchange rate regime, which will prevail Bretton Woods system.

The Foreign Exchange Market is unique because :

  1. The resulting trading volume market liquidity.
  2. Geographical spread.
  3. Continuous operation 24 hours a day except weekends, ie trading from 20:15 UTC on Sunday until 22:00 UTC Friday.
  4. Various factors affect the exchange rate.
  5. The low margins of relative profit compared with other markets of fixed income.
  6. The use of leverage to enhance profit margins with respect to Account size.

Forex Contract Spesification

  1. Over 50 currencies pair to trade (Major, Minor).
  2. Non Dealing Desk (NDD).
  3. Leverage ( Base On Account Type )
  4. Market Execution (No Requote).
  5. Low Swaps are Regularly updated to match the market standard.

Symbol
Tick size
Lot size
Avg*spread (pips)
Volume (lots)
MinMax
EURUSD0.000011 Lot = 100 000 EURMarket Spread0.0120
USDJPY0.0011 Lot = 100 000 USDMarket Spread0.0120
GBPUSD0.000011 Lot = 100 000 GBPMarket Spread0.0120
USDCHF0.000011 Lot = 100 000 USDMarket Spread0.0120
AUDUSD0.000011 Lot = 100 000 AUDMarket Spread0.0120
USDCAD0.000011 Lot = 100 000 USDMarket Spread0.0120
EURGBP0.000011 Lot = 100 000 EURMarket Spread0.0120
EURCHF0.000011 Lot = 100 000 EURMarket Spread0.0120
EURJPY0.0011 Lot = 100 000 EURMarket Spread0.0120
NZDUSD0.000011 Lot = 100 000 NZDMarket Spread0.0120
GBPJPY0.0011 Lot = 100 000 GBPMarket Spread0.0120
AUDCAD0.000011 Lot = 100 000 AUDMarket Spread0.0120
AUDCHF0.000011 Lot = 100 000 AUDMarket Spread0.0120
AUDJPY0.0011 Lot = 100 000 AUDMarket Spread0.0120
AUDNZD0.00011 Lot = 100 000 AUDMarket Spread0.0120
CADCHF0.000011 Lot = 100 000 CADMarket Spread0.0120
CADJPY0.0011 Lot = 100 000 CADMarket Spread0.0120
CHFJPY0.0011 Lot = 100 000 CHFMarket Spread0.0120
EURAUD0.000011 Lot = 100 000 EURMarket Spread0.0120
EURCAD0.000011 Lot = 100 000 EURMarket Spread0.0120
EURNZD0.000011 Lot = 100 000 EURMarket Spread0.0120
GBPAUD0.000011 Lot = 100 000 GBPMarket Spread0.0120
GBPCAD0.000011 Lot = 100 000 GBPMarket Spread0.0120
GBPCHF0.000011 Lot = 100 000 GBPMarket Spread0.0120
GBPNZD0.000011 Lot = 100 000 GBPMarket Spread0.0120
NZDCAD0.000011 Lot = 100 000 NZDMarket Spread0.0120
NZDCHF0.000011 Lot = 100 000 NZDMarket Spread0.0120
NZDJPY0.0011 Lot = 100 000 NZDMarket Spread0.0120