Our traders trade on FOREX market. The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. In terms of volume of trading, it is by far the largest market in the world. The main participants in this market are the larger international banks. Financial centres around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends.
The foreign exchange market determines the relative values of different currencies.
The foreign exchange market works through financial institutions, and it operates on several levels. Behind the scenes banks turn to a smaller number of financial firms known as ”dealers,” who are actively involved in large quantities of foreign exchange trading. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the ”interbank market”. In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying with some quantity of another currency. Forex characteristics
Its huge trading volume representing the largest asset class in the world leading to high liquidity
24 hours aday trading
Forex market is opened 24 hours aday except weekends, i.e., trading from 22:00 GMT on Sunday (Sydney) until 22:00 GMT Friday (New York)
Margins & profit
The margins of relative profit compared with other markets of fixed income are very low
Its geographical dispersion makes it globally accessible market
Exchange rates are affected by variety of factors
The use of leverage enhances profit and loss margins with respect to account