The foreign exchange market, also known as the forex market, allows traders to profit from currency movements in real time. The foreign exchange is an interbank market that is open 5 days a week 24h/day.
The forex market is very liquid; over $4 trillion dollars are traded every day between various traders and financial institutions. The most traded currency pair is the euro/dollar (EUR/USD), which represents 28% of all trades.
Online forex trading is available to individual traders since the 1990s. The number of online brokers has risen sharply in recent years and the choice of a broker has therefore become increasingly complicated. However, strong competition between brokers and dealers has significantly improved trading conditions as well as the services that are available to traders.
Currently, it is possible to invest, with just one click, in all of the financial markets with a single trading platform. Spot forex and contracts for differences (CFDs) allow one to invest in currencies, commodities, oil, precious metals, stocks and stock indexes. Thanks to the leverage which forex margin accounts afford, the initial capital required to open an account is not very high. Nevertheless, these types of accounts are not without risk, as leverage increases potential profits, but losses as well.
Forex-Central.net was created to advise and train investors who want to diversify their investments in the financial markets and the forex market. On this site, you will find: articles to learn about forex trading, real time news, as well as free and personalized advice for your training as a forex trader. To facilitate your research and selection of a trading platform, our forex broker comparison chart provides a selection of the best brokers offering brokerage services worldwide.