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Home/Knowledge Base/Trading And Conditions/The Forex Market

The Forex Market

697 views 3 May 20, 2022 Updated on March 10, 2024 today-markets

Forex is an interbank foreign exchange market, the trading volume of which exceeds all other financial markets. Forex trading is available 24 hours a day via global information networks. Currency buy and sell operations are available not only to banks, but also to retail traders. Speculation is the core principle of profiting from Forex — buy low and sell high.

The most popular Forex currencies include USD (US dollar), JPY (Japanese Yen), GBP (Pound Sterling), EUR (Euro), CHF (Swiss Franc), CAD (Canadian dollar) and AUD (Australian dollar). These Forex currencies form major currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF.

A trader can access the currency market through a Forex broker. All that is needed is a computer (or a smartphone/tablet) with an Internet connection, and the MetaTrader 5 platform that can be downloaded for free. Currency buy and sell orders can be sent directly from the platform. Based on fundamental and technical analysis, the trader tries to forecast the currency movement: in other words, the trader tries to buy a currency at its lowest price and then to sell this currency when the price goes up. The trader’s profit is equal to the resulting difference between the buying and selling price.

Algorithmic trading using robots is also available for the Forex Market. Trading robots are able to analyze currency quotes and execute trading operations. You can develop your own robot, purchase a ready-to-use Expert Advisor from the Market, download a free app from the Code Base or order a custom application from the Freelance service.

Also you can comfortably trade currencies from your tablet or smartphone. With the MetaTrader 5 mobile platform, you can trade on the Forex market any time and anywhere. Download the mobile application for free, and take your trading account with you wherever you go!

 

MetaTrader 5 provides a wide arsenal of tools to ensure the most comfortable conditions, so that the trader can focus solely on financial market trading. Maximum opportunities, rich functionality, user friendly interface, clear trading logic and additional services — all these benefits are available for trading on Forex and Exchange Markets. With MetaTrader 5, there is no need of using multiple applications to trade on the Forex market and exchanges. No compromise: One platform, many markets!

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