Basically, the Forex market is where banks, businesses, governments, investors and traders come to exchange and speculate on currencies. The Forex market is also referred to as the ‘Fx market’, ‘Currency market’, ‘Foreign exchange currency market’ or ‘Foreign currency market’, and it is the largest and most liquid market in the world with an average daily turnover of $3.98 trillion.
The Fx market is open 24 hours a day, 5 days a week with the most important world trading centers being located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney.
It should be noted that there is no central marketplace for the Forex market; trading is instead said to be conducted ‘over the counter’; it’s not like stocks where there is a central marketplace with all orders processed like the NYSE.
Forex is a product quoted by all the major banks, and not all banks will have the exact same price. Now, the broker platforms take all theses feeds from the different banks and the quotes we see from our broker are an approximate average of them. It’s the broker who is effectively transacting the trade and taking the other side of it…they ‘make the market’ for you. When you buy a currency pair…your broker is selling it to you, not ‘another trader’
Forex trading as it relates to retail traders (like you and I) is the speculation on the price of one currency against another. For example, if you think the euro is going to rise against the U.S. dollar, you can buy the EURUSD currency pair low and then (hopefully) sell it at a higher price to make a profit. Of course, if you buy the euro against the dollar (EURUSD), and the U.S. dollar strengthens, you will then be in a losing position. So, it’s important to be aware of the risk involved in trading Forex, and not only the reward.
Bit FX Market is one of the original groups of Forex operators that launched the Forex trading revolution. In just a few years Forex has become one of the most accepted investment vehicles in the marketplace. Most of the original Forex companies have fallen to the wayside and only a few have managed to grow in this ever changing and expanding industry. Bit FX Market has continued to upgrade their trading platform, adding new trading styles and methods while adding a larger variety of assets. Over the years Bit FX Market has grown while building a global reputation based on fairness, honesty and transparency along with innovation and flexibility. Bit FX Market is known for its outstanding customer support, customer service, education and reliability.
A managed account can give an investor who cannot watch the market 24 hours a day an opportunity to participate in the exciting world of trading.
Managed accounts are also ideal for investors who prefer to have their capital managed by professional finance and trading experts . This is a viable solution for individuals or companies looking to diversify into trading without hands-on involvement. It is an effective way for retail investors to benefit from the knowledge, resources and experience of an investment manager without the restrictions of investing in a hedge fund or other alternative investment
As an Investor who wants to diversify his portfolio with a managed forex account you have come to the right place.