Forex (Foreign Exchange Market) is an over-the-counter which the simultaneous buying and selling of the world’s currencies on a decentralized global market. Forex Market is one of the largest and most liquid financial markets in the world. Basically, transactions are carried out with the exchange of currencies. FOREX is officially accepted as a capital market service, and it has outstripped its trading volume on Borsa İstanbul (BIST) and Futures and Options Exchange (VIOB). FOREX with the official activities launched in August 2011 in the UK has experienced many changes and developments in financial markets.
The Forex market has a volume of roughly 50 times the sum of the largest exchanges (London, New York, Shanghai, and Tokyo) with a daily volume of 6 trillion US Dollars. One of the most attractive aspects of the forex markets where you can trade leverage is that your margin (collateral) amount allocated for trading may be as small as 100 or one in 400. In summary; with your 100 USD investment, you can trade 40,000 USD forex. This means that you can be protected from risk more easily and gain earnings more easily.
Forex transactions are made for investment, speculative and protection purposes. The main logic in these markets is to buy the currency, which is estimated to be worth, to sell the other currency and to make a profit or loss in line with this transaction. Central banks, banks, mutual funds, pension funds, institutional and individual investors are among those traded in the Forex market.
With Metatrader 5, the world's most preferred trading platform that BalanceFX offers you, you can access the forex markets for 5 days and 24 hours, and you can trade on your pc or smartphones at any time and manage your transactions.