uture (OTC) Currencies traded at Liirat Ltd FX are: Canadian $, Australian $, Euro, British pound, Japanese Yen and the Swiss Franc.
The foreign exchange or the forex market is accepted as the most active and liquid financial markets in the world. Global daily forex turnover is estimated to be over $1.7 trillion.
The spot forex market is an over-the-counter market and is different from exchange-traded products because it has no physical location or central exchange. Foreign exchange trading takes place in the world major financial trading centers with the main centers being London, New York and Tokyo.
Trading hours are rarely restricted and prices are typically available in the major currency pairs almost without interruption during the working week. This liquidity and frequent volatility makes the trading of currencies an attractive investment opportunity for the experienced market participant.
Forex trading has many investment benefits some of which are:
- Liquidity - With over one trillion US dollars traded daily in the Forex market and with millions of participants and transactions daily, there is always the opportunity to enter and exit the market at transparent pricing.
- 24 hr trading - The market operates around the clock, from the Sydney market on Monday morning to the close of the US market on Friday creating a 24 hour market. One of the biggest advantages of trading forex is the opportunity to trade 24 hours a day. This enables traders to react and take advantage of market movements at all times.
- Increase in leverage -Leveraged trading, also referred to as margin trading, allow investors in the Forex market to execute trades up to $100,000 with an initial margin of only $1,000.
- Predictable market - The Forex market follows frequently repeated trends. Currency markets exhibit certain regularities, creating price trends for market participants to follow. These price trends increase the chances of trading profitably.
- Lower transaction costs Forex market is much more cost efficient to invest in terms of both commissions and transaction fees. In general, the width of the spread in a FX transaction is less than 1/10 as wide as a stock transaction.
- Profit from all market movements - With forex, the market is continuously moving, so there are always trading opportunities, whether a currency is strengthening or weakening in relation to another currency. Thus, a trader has the ability to profit on both short and long trading strategies.
Foreign Exchange trading, or simply Forex, is the world’s largest financial market with over $5 trillion in daily trading. Due to the fact that forex currency trading has no centralised marketplace, currencies can be traded in whatever market is open at any given time, creating a great opportunity for traders to buy and sell currencies around the clock 24 hours a day, 5 days a week with the exception of weekends. Investors include banks, large institutions and individual traders from all around the globe.
Liirat Ltd Forex offers you the ability to trade forex through our bespoke and multi-award winning forex trading platforms. Investors can select their own leverage starting from 1:1 up to 1:200 with unlimited access to the largest liquidity providers and known execution. With more than 40 currency pairs available that include majors, minors and exotics, Liirat Ltd Forex is the place to start your forex trading by opening your Live Account today.
If you are new to currency trading, a great way to get started is to open an Liirat Ltd Forex Demo Account . This practice account offers access to all the advanced features to assist new traders in understanding how the forex market works and to provide them with the chance to perfect their trading strategy.