The currency market
The currency trading (foreign exchange, Forex, FX) market is the biggest and fastest growing market on earth. Its daily turnover is almost 4 trillion dollars. The participants in this market are central and commercial banks, corporations, institutional investors, hedge funds, and private individuals like you.
easyMarkets® was the one of the first platforms that enabled users to trade Forex online without the need to download a software program. This allows registered clients to conduct deals, monitor and change their positions anytime, anywhere.
Online trading cuts out the need for intermediaries (such as banks).
Forex trading may be conducted in various ways. The most common type of trade is a Day Trade, though we also offers Limit Orders and Forwards (not in all countries). These 3 Forex instruments (or products) are described here briefly:
- Day Trading deals usually are opened and closed on the same day…read more
- Limit Orders are not a whole product of their own but a service offered as part of Day trading. You nominate a rate at which you want to open a deal and if this rate occurs in the market, your ‘reserved’ deal is automatically open…read more
- Forward deals are settled on a date that is later than usua… read more
Trading in Real Time
Forex software is designed to allow users to trade currencies online in a real time, secure, private and efficient manner. Exchange rates are constantly changing and an online Forex system displays the most up-to-date rates to the user. The rates quoted on Forex software, unlike traditional bank exchange rates, are real, tradable rates. A user may choose to “lock in” and trade at the rate which is currently displayed, (called the freeze rate), which is valid for as long as it is displayed. A different rate may be displayed within a few seconds.
easyMarkets® has web-based software which means all operations are performed on its website. The advantages to this system means no download of proprietary software, the ability to log in anywhere at anytime and a use-friendly interface offering you multiple analytical tools to help you make decisions when buying and selling.
easyMarkets® treats the issues of data security, privacy, integrity and backup with the utmost attention and care.
How do I start trading currency?
If you wish to trade using the Easy-Forex Trading Platform, or any other, you must first register and then deposit the amount you wish to have in your margin account to invest. Registering is easy with easyMarkets and it accepts payment via most major credit cards, Neteller, Bpay® or Bank Transfer. Once your deposit has been received, you are ready to start trading.
What can I trade?
On the Easy- Forex platform you can trade a wide variety of currencies, indices, commodities and vanilla options as CFD’s. Whether you have insights into agriculture, energy products, global currencies or equities, you can now get easy access to trade them. Trade CFDs with a low margin requirement (remember – with greater leverage comes greater profit or loss). CFDs provide an excellent alternative to suit a variety of trading styles or methods e.g. short or long-term investors can find the right product to complement their preferences.
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