Forex is short for Foreign Exchange and refers to a decentralized market that spans the globe and is considered the most liquid worldwide. Exchange rates fluctuate continuously due to ever changing market forces of supply and demand. Forex traders buy a currency pair if they think the exchange rate will rise and sell it if they think the opposite will happen. Unlike the Stock market, the Forex market never sleeps and remains open around the world for 24 hours per day and 5 days a week. To position Buy 3 lots USD/GBP, the transaction volume is 300,000 USD. Considering that for a USD 100,000 transaction size commission is charged for both opening and closing the position at USD 5 each, for this transaction it will be: 2 x (5 x 300,000 / 100,000) = 30 USD. The commission fee is deducted from the account during the opening of the transaction for both the operations at once (opening and closing).
Nial Fuller is a Professional Trader & Author who is considered �The Authority' on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008. For trading access, free training and exclusive tools please fund your account now. Your personal account service manager is standing by to help you with any queries you may have.
The FX market is astoundingly fast! Your orders are executed, filled and confirmed usually within 1-2 seconds. One testimonial is from a bearded man wearing a jacket and tie. After introducing himself as Michael, he praises Secure in an 80-second video. He says he's pleased with his return on investment.
A unique benefit of trading Forex signals is that it gives guidance and discipline in a Forex currency trader. Forex profit signals service providers send you alerts when the conditions are right for the trade. They use cutting-edge technology which constantly monitor all major currency pairs for generating technical indicators.
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