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Forex / CFDs

Ensuring a profitable and successful trading experience is our top priority at Coinbits Global Investment.
To that end, we have an expert traders and an excellent trade tools.

What is Forex?

Currency is similar to language, in that it varies from country to country. If you want to do international business or buy goods from abroad, you must pay with the local currency. For instance, you wouldn’t expect to use Swiss Francs to pay for your meal in Marrakech, which is exactly where Forex trading comes in.

Global currencies are traded on the foreign exchange market. Comparing this market to the stock market is one way to grasp the sheer scale of it; the average traded value of the global stock market is around $2,000 billion per day, while Forex trading surpasses $4.9 trillion daily.

Unlike some other markets, this is no central market for Forex trading. Currency trading is all done over the counter electronically on global computer networks between individual traders. There are five major Forex trading centers: Frankfurt, Hong Kong, London, New York and Tokyo.

The Forex market is open 24 hours a day, five and a half days a week, and operates across nearly every time zone, which makes for an active market in a continual state of flux, with prices changing all the time.

How Do I Trade Forex?

When currencies are traded on the Forex market, they are bought and sold in what are known as currency pairs, where one currency is used to buy another. These pairs have been created to make comparing currencies easier, and as a way to better understand the value of one in relation to the other. The EUR/USD pairing is among the most popular.

In currency pairs, the first currency is the base and the second currency is referred to as the counter currency. So in the previous example, you are using USD to buy EUR. Your broker converts your existing currency into USD, and then uses that to buy EUR. When buying a currency pairing, you take what is known as a ‘long position’, and when selling you take a ‘short position’.

It is vital that you have a good understanding of the current climate of your chosen currency market. If you believe people are going to sell bitcoin, for example, then this will bring the price down in relation to the EUR. We provide regularly updated information on many popular pairings, and we include the popular Bitcoin cryptocurrency in our currency index. The majority of Forex traders focus on the following currency pairs: EUR/USD, USD/JPY, GBP/USD, and USD/CHF are the main four, followed by USD/CAD, AUD/USD and NZD/USD. All other pairs are just different combinations of the same currencies.

Why Trade Forex?

Forex presents an extremely fast-moving and potentially lucrative opportunity for FX investors around the world. Trade our FX/CFD platform for a number of reasons.

Trade our FX/CFD platform for a number of reasons:

  • The forex market is decentralized in essence, with no one country, government, institution, company or other body able to fully control it. All market participants can exploit the same opportunities and are guaranteed fair pricing and access to the same financial information.
  • Forex/CFD trading enables you to buy or sell, taking advantage of market shifts in either direction.
  • On the Forex market, you can trade at your convenience, 24 hours a day. Benefit from currency movements in countries from every corner of the map according to local market opening hours.
  • When trading Forex/CFD you can use leverage, which enables you to increase the revenue from your initial investment if the position is in profit.