New to Forex? Try first with SuperForex's No Deposit Bonus
Do you want to start trading Forex without committing an investment from the onset?
SuperForex’s No Deposit Bonus is here just for that: to allow Forex newcomers to try the services and start making a profit without risking any of their funds at all.
Available for Everyone
SuperForex’s No Deposit Bonus amounts to $88 and is available for every customer with a live trading account that is fully verified. You don’t need to make a deposit in order to claim the bonus.
The procedure for claiming the No Deposit bonus is quite simple – register a live account, verify it in full and submit the “Get the No Deposit Bonus” button at the bottom of the page.
Profit acquired from trading on the No Deposit Bonus can be withdrawn. The amount free for withdrawal is determined by your trading volume according to the formula: 1 lot = $1. In other words, to withdraw $50 you must have traded at least 50 lots.
You can make a $10 deposit to receive a 2nd No Deposit Bonus of $99.
You can register a real trading account here. The accepted account currencies that can claim the bonus are USD.
Verify your account.
SuperForex’s verification procedure is quick and simple. You need to verify all four aspects of your account – name, address, phone, and email. SuperForex will notify you within 48 hours if your account has been verified.
Apply for the No Deposit Bonus and get it.
When your account is verified, please choose the Bonus Program tab on the left-hand menu in the Client’s Cabinet and select the No Deposit Bonus. At the bottom of the page click the “Get the No Deposit Bonus” button.
The foreign exchange market is a decentralized global market where all currencies in the world trade with each other, and traders profit or lose from changes in the value of the currency. The foreign exchange market is also known as the foreign exchange market, foreign exchange or currency trading market.
The Forex market offers a huge opportunity for traders to benefit from the volatility of the currency market. The size of the market is indeed large, but unlike other financial markets, the Forex market operates in a very simple way.
The foreign exchange market is the largest market in the world, with an average daily transaction value of over $5 trillion.
Forex beginners often wonder – where is the forex market located? The problem is – that there is no centralized market for forex trading. Forex trading is done electronically over-the-counter (OTC), which means that all trades are executed by computers from traders and other market participants around the world.
Since there is no centralized trading location, the foreign exchange market is open 24 hours a day, five days a week, and foreign exchange transactions cross almost all time zones.
The foreign exchange market is the most liquid market, and its high liquidity means that prices can change rapidly due to news and short-term events, creating multiple trading opportunities
Now, after answering the “What is the Forex market?” question, let’s see exactly how the Forex market works.
Trading Forex is buying one currency while selling another. This is because the value of one currency is relative to another and is determined by their comparison. From a trader’s point of view See, forex trading is a prediction of the value of one currency relative to another.
Each currency pair consists of a base currency (the first), and a quote currency (the second). The currency pair shows how many units of the quote currency can buy a unit of the base currency. Let’s take EUR/USD as an example. If you consider the euro The currency pair EUR/USD can be bought against the USD. To buy or in other words, open a long position, sell the quote currency and buy the base currency. That is, you buy EUR/USD at a lower price, Sell at a higher price in the future. The difference is your profit. If you think EURUSD will fall, you sell EURUSD or open a short position. In this case, you use EUR to buy USD.
However, there is always a risk. If you buy EUR/USD expecting that the EUR will rise in value, but the USD will instead appreciate, you will incur losses. Therefore, in addition to the gains you can make from Forex trading, you should always consider the risk.
As you can see, the Forex market is not complicated to understand and it is not that dangerous to enter the market. You can become one of the market participants in a few minutes and start earning more easily.
This section reveals the main advantages of the foreign exchange market over other financial markets. Here you can find out why the Forex market is very attractive to traders and learn about all the advantages of the Forex market.
Due to the huge trading volume, the market provides complete freedom for customers to trade at the current exchange rate. High volatility strongly attracts every investor.
24 hours of non-stop trading, avoiding various situations like other markets.
You can trade 24 hours a day, regardless of location; you only need a computer with Internet access to enter and leave the market. Now, thanks to the development of technology, you can trade as long as you have a mobile phone.
Flexible adjustment of the system.
In the foreign exchange market, orders can be placed in advance according to the wishes of investors.
There are no fees in the traditional foreign exchange market, other than the difference between the ask price and the bid price, known as the “spread”.
Unlike futures or other markets, foreign exchange protection orders are executed at the current price, not depending on the trading volume.
Currency movement has a very clear direction. Each currency pair shows the law of movement over time, so investors can judge the direction of the market.
The size of the credit “leverage” (margin) in the foreign exchange market depends on the agreement between the client and the bank or broker, and the general leverage is 1:100. That is to say, with a margin of 1,000 US dollars, the customer can trade 100,000 US dollars. Using such a strong “leverage” and The volatility of foreign exchange quotations makes the market have a higher risk. However, this is only the principle, and the specific adjustment and operation are controlled by the customer himself.
The history of the foreign exchange market is marked by two special events that have left a deep mark on the formation and development of the foreign exchange market. These two historical events are the creation of the gold standard system and the Bretton Woods system.
The Gold Standard and the Bretton Woods System
The Gold Standard System was established in 1875. The main idea behind it is that the government guarantees that a certain currency will be backed by gold. All major economic countries define an amount of money as one ounce of gold as their monetary value of gold. The ratio of the amounts becomes the exchange rate of these currencies. This marked the first standardized means of currency exchange in history. However, World War I led to the collapse of the gold standard, and countries sought to pursue economic policies that were not bound by the gold standard’s fixed exchange rate regime.
In July 1944, more than 700 delegates from the Allied Powers raised the importance of a monetary system that would fill the void left by the gold standard. They arranged a meeting in Bretton Woods, New Hampshire to create a system of International currency management known as the Bretton Woods system. The establishment of the Bretton Woods system led to the formation of fixed exchange rates, as the U.S. defined the value of the U.S. dollar in gold as an ounce equals $35, and other countries pegged their currencies to the U.S. dollar The U.S. dollar became the main reserve currency and the only one backed by gold. However, in 1970, U.S. gold reserves were depleted. The U.S. Treasury could not possibly cover all reserves held by foreign central banks.
In August 1971, the United States announced that it would no longer exchange gold for dollars held by foreign central banks, which was the end of the Bretton Woods system and the beginning of the foreign exchange trading system.
The foreign exchange market is very active and quotes are constantly changing. It is the only market that operates 24 hours a day, five days a week. The currency is traded on the international interbank market in Zurich, Hong Kong, New York, Tokyo, Frankfurt, London, Sydney and Paris. This means, the market is trading in almost every time zone, when the market in the one-time zone is closed, then the market in another time zone has started and can continue to be traded.
Time flexibility is very convenient for busy traders. They don’t need to worry about market opening and closing times and can schedule trades at any time. Because it doesn’t matter which bank provides liquidity for their trades.
But during the day, Forex Liquidity in the market may change depending on which time zone the bank is currently working in (when liquidity falls, spreads widen and the rate of price change slows). For example, during the Bank of Japan working period, the most liquid currency pair would be the Japanese yen. The chart below shows the opening and closing times of trading sessions in the interbank market (i.e. periods of high liquidity), which are determined by the opening hours of the largest banks in each time zone.
The chart below provides the opening and closing times of the major market trading sessions around the world.
The Forex market is made up of different players, also known as Forex market participants, who trade in the market for various reasons. This means that participation in Forex market trading is not just for speculative purposes. Each participant is in the market Play its own role to promote the integrity and stability of the market.
Forex (Foreign Exchange) is a vast network of currency traders who buy and sell currencies at a determined price, and this transfer requires converting the currency of one country into the currency of another country. Forex transactions are conducted electronically over-the-counter (OTC), which means that the foreign exchange market is decentralized and all transactions are conducted through a computer network.
What is the foreign exchange market?
The Forex market is the largest and most frequently traded market in the world. Its average daily turnover reached $6.6 trillion in 2019 ($1.9 trillion in 2004). Forex is based on free currency exchange, which means that the government does not intervene in foreign exchange transactions.
What is Forex Trading?
Forex trading is the process of buying and selling currencies at agreed prices. Most currency exchange operations are carried out for profit.
What is the best forex trading platform?
SuperForex provides 2 trading platforms: MetaTrader4 and MetaTrader5. The MT 4 Forex trading platform is one of the most downloaded platforms and is available on PC, iOS, Mac OS and Android. It has different indicators needed for accurate technical analysis.