What is Forex?

Forex (a shortened form for the Foreign Exchange Market) is one of the largest markets for trading. In simple terms, Forex is the exchange of one currency in to another currency at an agreed cost. Basically, Forex trading is the speculation on the price movements (downward and upward) by purchasing one currency and selling another at the same time. The trading is available round-the-clock, namely from Sunday 11:00pm to Friday 10:00 pm (CET timezone). The average turnover in the Forex market is valued at approximately 5 trillion US dollars per day. Stemming from this, the prices are fluctuating in value all the time, and this, in turn, presents endless trading opportunities for traders.

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There is a high level of risk involved when trading leveraged products such as Forex/CFDs. The leveraged nature of Forex/CFD trading means that any market movement will have an equally proportional effect on your capital. When trading or investing, you must always take into consideration the level of your experience. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. If the risks involved seem unclear to you, please apply to a qualified financial advisor for an independent and professional advice.

You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information contained on the Bithoven.com website are provided as general market commentary, and do not constitute investment advice. Bithoven.com is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Bithoven.com has taken reasonable measures to ensure the accuracy of the information on the website.

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