In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. OhMyGeorge has evolved into a gamification Trading Platform
Read this Term) trading app, announced last week that it has joined forces with AxiTrader, a retail forex broker, to improve the profitability of traders who use the app.
Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. The main two fields of trading are known as technical analysis and fundamental analysis. place trades using demo money, before moving on to some real trading after attaining confidence. Once can gain some practice using demonstration accounts, i.e. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. All one needs is a computer, an internet connection, and an account with a forex broker. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency) for example, the converting of British Pounds into US Dollars, and vice versa.