Forex Market : Forex stands for Foreign Exchange, the largest financial market in the world, where trillions of dollars are traded daily in currencies such as the euro and the US dollar.
Market Hours : The foreign exchange market is open 24 hours a day, Monday to Friday, so you can trade at any time of day.
Currency pairs : Currencies are traded in pairs, e.g. EUR/USD, where the first currency is the base currency and the second currency is the counter currency.
Trading opportunities : Traders can bet on rising or falling prices. High liquidity allows for fast transactions with tight spreads.
Market use : The foreign exchange market is used for speculation and to hedge currency risks.
Market risks : Exchange rates are volatile, influenced by economic data and political events, which makes the market lucrative but also risky.
Leverage : In Europe, trading with a leverage of up to 1:30 is possible, which can lead to high profits, but also losses.
Technical requirements : To get started, all you need is simple charting software and a reliable Forex broker.
SpecTech Ltd supports your forex trading needs with our team of skilled professionals, ensuring the best outcomes for our clients.