PRN: Beginners Guide to FX Trading with City Index
Beginners Guide to FX Trading with City Index [02-May-2012] LONDON, May 2, 2012 /PRNewswire/ -- Trading forex is the act of simultaneously buying one currency while selling another for the purpose of speculation.
Beginners Guide to FX Trading with City Index
LONDON, May 2, 2012 /PRNewswire/ --
Trading forex is the act of simultaneously buying one currency while selling another for the purpose of speculation. As one of the world's most traded markets, it has an average turnover in excess of US$4 trillion daily, which when compared to the New York Stock Exchange - whose turnover is typically around US$50 billion daily - you can see how popular this particular market really is.
Trade the Opportunity 24-Hours a Day
Investors choosing to trade forex can benefit from accessing the market 24-hours a day. This is one of the key reasons that the forex markets are so popular with an array of traders, as it offers them the exposure they so desire.
As a global currency market, it trades from Sunday evening through to Friday night, following the clock where it then opens on Monday morning in Wellington, New Zealand; progressing to Asia - spearheaded out of Singapore and Tokyo, before moving to London coming to a close New York on Friday night.Â
As a leveraged product, investors require depositing only a small percentage of the full value of their position. In turn, this means that the potential for both profits - and losses - is significantly higher than in more conventional forms of trading.
Influencers: Forex Prices
Some of the key factors that influence forex prices are:Â
Forex trading with City Index opens up multiple opportunities for traders wanting exposure to the largest financial market in the world. Â
In addition, trading forex offers a level of diversification, necessary to protecting against adverse movements in both the equity and bond markets.
It is important to remember; trading on margin carries high risk and the possibility exists that you could lose some or all of your investments, including your initial deposits, making it unsuitable for some investors.
About City Index:
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
As a group, we transact in excess of 1.5 million trades every month in over 50 countries. We provide access to a wide range of instruments including margined foreign exchange, CFDs and, in the UK, financial spread betting.
We constantly look to improve the performance of our platforms and expand our range of services. The result is our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer support. Visit http://www.cityindex.co.uk/ for details.