Forex trading is an exciting endeavour for new and experienced traders alike. The type of Forex trading conducted by FX Renew and most individual traders is in the cash or spot market.
Forex Trading Parameters
Forex trading is done electronically and there is no centralized clearing house. Trading officially begins at 5pm EST/EDT (GMT-5/-4) on Sunday with many Forex Brokers and concludes at 5pm EST/EDT (GMT-5/-4) Friday. The market remains open for trading 24 hours a day. Other major benefits include low transaction costs, ample liquidity and diversification. Currencies are traded in pairs, such as the EUR/USD and quoted as an exchange rate i.e. 1.2750. If traders buy this pair they looking for the Euro to rise in price against the U.S. dollar.
How and Why We Trade Forex
Some of the same technical and fundamental analysis used in trading stocks, commodities and other financial markets can be applied to Forex trading. Trading currencies on margin allows for the possibility of larger gains, but can also magnify losses. For investors seeking diversification from the dollar or other currencies, Forex trading is a great way to position yourself accordingly in the long-term.
Free practice account
Whether you have experience trading other markets or have never traded before, we suggest traders new to Forex understand the basics and begin with a demo or practice account. We offer these accounts FREE of charge and they look and feel just like real-money accounts. You can learn the nuances of the market and the trading platform itself without risking any money.