Forex differs from other markets mainly in that it does not take place on a stock exchange. Not only are investors involved in currency transactions, but so too are banks, hedge and investment funds, insurance companies and other. Currency pairs are always traded here, the best known of which is the USD/EUR. Also the greatest interest is in the Japanese yen, the Swiss franc and the British pound.
how it works
Investors monitor exchange rate movements and then buy or sell accordingly with the aim of gaining as much as possible on the subsequent sale. Exchange rates usually fluctuate according to the economic strength of the given country, inflation and other factors. The advantage of this market is that you can trade on it 24 hours a day, there are never any restrictions, and it all depends on the skill and investment abilities of each individual. And you can also open a long or short position.
Forex is a relatively speculative way of making money, but the advantage is that you can also operate with small sums. For this reason Forex is one of the most popular and widely used markets in the world, where even complete beginners can start, and naturally NelsonFX also offers it. Still, it is always necessary to remember that we are taking a risk, but one that naturally you will enjoy.
With NelsonFX you have the most advantageous conditions on the market.
- More than 100 currency pairs:
With NelsonFX you have more than 100 currency pairs available, and thanks to them you can speculate amongst any currencies you wish to, and so have all movements on the currency market at your disposal.
- Support 24 hours a day, 5 days a week:
We provide our clients with the best personal and telephone support, in your mother tongue and wholly free of charge. In the case of the Live Premium tariff you also have your own personal assistant at your disposal.
- Highly liquid:
Forex is the biggest and most interesting of all the financial markets. It is open 24 hours a day, and the daily turnover is around 5 trillion dollars. This market enjoys the greatest interest amongst traders.
- It entails no fees:
In the case of NelsonFX, trading on Forex entails no fees, and the broker’s only profit are the so-called spreads. These fluctuate between 0% and 0.0012% of the volume of the performed contract.
- Financially undemanding:
Thanks to so-called financial leverage and trading using mikro lots and mini lots, you can achieve significant appreciation and profit on the Forex market even with a small sum of available finance. Realistically it is possible to trade with lots from 100 dollars up.
how to invest
On the Forex market you trade in currency pairs, and you always speculate on strengthening or weakening of one currency against another. If you think that the euro will get weaker compared with the dollar, buy the currency pair EUR/USD.
The best known currency pairs are EUR/USD, USD/JPY, GBP/USD.
The behaviour of currency pairs is not easy to predict. But there are only the following three ways. They can:
- Display a horizontal trend
*These data are only illustrative example.
*Leverage is estimated and depends on the real-time value of the instrument.
**Once you open and/or close position, you will pay spread, which is the difference between current Bid and Ask price. Due to market fluctuations the spread might vary. NelsonFX.com does not receive commission, incentives, fee reductions or rebates from any clearing firm.
You can trade currencies 24 hours a day, 5 days a week, from Sunday at 22:00 GMT (when Asian markets open) until Friday at 22:00 (when U.S. markets close).
For more information about FX trading conditions, please visit the Forex Trading Conditions page. NelsonFX.com reserves the right, at its absolute discretion, to widen spreads, decrease leverage, control maximum order amounts and limit clients’ total exposure. Please go to our Terms and Conditions for full terms.