The currency market is the foundation of all international trade – and it is by far the largest and most liquid market in the world, with an average daily turnover of more than 5 billion US dollars. The biggest currencies are: USD, EUR, JPY and GBP.
In terms of turnover the banking industry is the biggest contributor, with about 70% of all forex trades being conducted by international banks in the Interbank market. Forex trading is also very popular among investors and traders.
Exchange rates are heavily influenced by political and socioeconomical factors and changes. So a forex trader must pay close attention to political and macroeconomical announcements.
The Forex Market is open 24 hours a day, from 8 pm BST Sunday to 10 pm BST Friday.
At Finsa Markets you can trade more than 40 different currency pairs.We are one of a few brokers to offer FIXED tight spreads around the clock, and allow you to trade all currency pairs with a leverage of 200:1. When it comes to the largest currency pairs, Finsa Markets has some of the tightest spreads in the industry, for example:
If you have any questions or need help getting started, please call us or send us an email.
Spread betting is a tax-free, leveraged way to trade on forex, stock indices, currencies and commodities. Finsa Markets charges no commission, exchange fees or stamp duty, and you can go both long or short on a range of products. Please bear in mind that tax laws are subject to change and depend on individual circumstances. Tax laws may differ in a jurisdiction other than the UK.
Please be aware of the increased risk in forex trading, as it is a leveraged and highly volatile product.