A colossal market in terms of daily turnover (around 5 Trillion per day), the Forex market is the epitome of trading opportunities. With CFI, you can trade dozens of currency pairs against other, 24 hours per day, 5 days per week and with the use of leverage. The Forex market, also known as the FX market, has witnessed astronomical growth over the past 20 years, boosted by its low barriers for entry, availability of leverage and the fact that it literally never sleeps and operates 24 hours every day from Sunday evening till Friday evening.
What is Forex? Well, Forex is simply the exchange of one currency to another. In other words, imagine you have some US Dollars and you believe the Euro is likely to appreciate against the Dollar due to a variety of reasons which could be economic, geopolitical or seasonal in nature. You simply exchange your US Dollars for Euros and if the currency does indeed appreciate, you will sell it back and receive more Dollars than you initially had. Now imagine doing the above online, on an easy to use platform, employing leverage to magnify your exposure and doing this anytime of the day without any interruptions or the need for a middle man between you and your provider. It’s easy to envision the vast array of opportunities which could arise.
With our state-of-the-art platform, we made this process even easier. All you need to do is pick a currency pair (EUR/USD for example) and buy if you think the Euro will appreciate against the Dollar or sell it (go short) if you believe the opposite will happen. Don’t worry, you can practice as much as you’d like when you start demo trading with virtual funds. Note: Leverage may increase risks of losing money.
**If the price moves against you, you could lose your money