Foreign exchange is commonly known as Forex or FX. It is related to buying and selling currencies to generate profits by the difference in the buying and selling price. It is one of the biggest markets in the world, and there is high liquidity, plenty of currency pairs to trade on. It is a desirable market, for beginners and experienced traders too.
Forex Trading Basic Terms
The most popular pair traded in the Euro vs. the American Dollar. The currency on the left is called the
base currency, and is the one we wish to buy or sell; the one on the right is the secondary currency, and
is the one we use to make the transaction.
Each pair has two prices – the price for selling the base currency (ask) and a price for buying it (bid). The
difference between them is called a spread.
Some other terms of the online Forex trading world are Going long and Going short, which stand re-
spectively for ‘buying’ and ‘selling’.
Why Trade Forex with Axedo?When trading Forex, as well as any other instruments, you need to be able to trade with confidence. Nobody guarantees you profits, and any trading has its pros and cons, as well as the risk of losing funds. Here, at Axedo, we are committed and working under a set of values which defines our relationship with our clients. So, we provide an exceptional trading experience, excellent
What affects the Forex Market?
Because of the supply and demand rate, the Forex market has high liquidity. Traders open their positions
based on financial events and general events too. Obviously, when the demand for a currency is high,
its price will go up compared to the other currencies, and vice versa.
Disclaimer: Warning of high risk: Trading at all levels and in all its forms represent an activity of elevated risk. As it is entirely possible to suffer heavy losses when trading with any online broker, trading is not an activity that is suitable for everyone. Traders must be aware of the fact that returns are not guaranteed and that they may lose some or all of the money they have invest. As such, it is of the utmost importance to only every trade with disposable funds you can afford 100%. Before getting started traders must actively consider their goals, expectations, attitude to risk, and personal financial circumstances. You need to know the risk involved when trading and understand exactly how to proceed, by following your trading style and situation. If you require advice or assistance, it should be sourced exclusively from a registered independent financial advisor.