In most simple words, the forex market involves currency or foreign exchange at a fast pace with concurrent sales and purchases of currency or simultaneous exchange of currencies of different countries. The currency rates in forex markets around the globe do not stay constant and there are fluctuations all the time. This is because most of the trades are linked to the leading currency pairs like USD/EUR etc. Almost, 85 percent of trades in a day involve currency trading.
Traders are usually interested with four main currency pairs which are Euro/ US Dollar, British Pound/US Dollar, US Dollar/ Swiss France and US Dollar/Japanese Yen. The symbols used for each currency pair are EUR/USD, GBP/USD, USD/CHF and USD/JPY respectively. These currencies are known as blue chips in forex market and traders will not receive any dividends on these. A common strategy for them is “buy low and sell high” which the traders use for getting high profits.
In the recent year, a lot of traders have turned to foreign exchange trading and it has gained a lot of popularity. If you ask these traders about their experience in this market they will tell you that trading in foreign exchange market is much more easy and profitable than making investments in any other market. Trading in foreign exchange market involves different techniques and strategies than traditional traders use for trading bonds, mutual funds and stocks. The foreign exchange market is difficult to understand in start but with some exposure you will be able to learn different things about it and start making money. Foreign exchange trading has much more benefits than stock market trading offers for the traders. The first and foremost advantage is that any changes in corporate or industrial sector will not have effects on foreign exchange market.
It is very important now to make a wise decision about choosing a good forex broker as there are a lot of brokers in this industry now who claim to provide best trading features. However, you must realize that only the professional broker is actually going to offer you good and secure deals with maximum profit for you successful trades. AvaFX is amongst the famous brokers that traders will tend to chose however, you must have a look at the review before making your decision to join it.
AvaFX is a broker with its basis in Israel and main office in Ireland. It started its business as broker in 2006 and since then it has strived hard to provide the traders a best possible trading environment. AvaFX has not been always amongst the top brokers but recently it has worked hard to do so by providing the members better trading conditions with improved customer support and money transfer process. There are a lot of assets among which you can chose to trade. Trading platforms available at AvaFX are excellent which include ActTrade and MT4. Even though, ActTrade has more excellent features but MT4 is a common platform with which most of the traders are already familiar. This broker can be accessed using browser or mobile. It is available on almost every major operating system in today’s mobiles. Payments are now much faster and efficient which had been a required improvement. Also, wide range of money transfer methods is now available including NETeller, Moneybookers and PayPal.