What is Forex
Forex (or sometimes just FX) is short for foreign exchange, and is the largest financial market in the world. Simply put, it’s how individuals and businesses convert one currency to another.
FX transactions worth trillions of dollars take place every day, and unlike stocks or commodities there’s no central exchange. Instead, currencies are traded by a global network of banks, dealers and brokers, which means you can trade any time, day or night, Monday to Friday.
How Does it Work?
Forex prices are always quoted in currency pairs. This is because you are effectively buying one currency while selling the other. Each currency in the pair is known by a three letter currency code, such as AUD/USD.
The first currency listed in a pair is known as the base currency and the second currency is known as the quote currency. A forex price indicates how much one unit of the base currency will buy of the counter currency.
Why Forex Trade?
Forex trading enables you to speculate on the relative strength of one currency against another. The large number of traders and immense quantity of currency traded on a daily basis give the forex market exceptionally high liquidity. This means it’s a very easy market for anyone to access – you can normally buy a currency on demand, because another trader somewhere will be willing to sell, or vice versa.
Why Choose Forex Avolins Trading?
We Understand What Traders Want
Online forex trading should be low-cost, fast and convenient. Combining years of market intelligence and high speed
Institutional Style Trading Without the Catches
Our mission is to provide institutional grade trading to the online forex trader, without complicated account structures
#1 in Customer Service
Over the years, Avolins has won numerous awards including #1 in Customer Service and Overall Client Satisfaction. AVolins will bring you a highly personalized