The most popular currency pairs with Libertex
The best thing about Libertex is the liberty you are presented when it comes to trading. We offer you a variety of cross and exotic currency pairs. In addition to that, you are able to trade in metals, indices, stocks, ETFs, oil and gas, cryptocurrencies and agriculture. Of course, we have all the major currency pairs for you to trade in. They are as follows:
|US Dollar/Turkish Lira||__/__||__/__%|
|US Dollar/South African Rand||__/__||__/__%|
In a world where inflation erodes your savings every day, it wouldn’t be wrong to call savings an antonym of investment. A dollar today might be worth much less in 10 years. Imagine the effect on your overall savings.
The best way to secure your savings and achieve the lifestyle you have always dreamed of is to diversify your investments with a balanced portfolio One of the ways of investing your money is through Forex trading. Of course, it requires training, concentration and experience to become a profitable trader like many others in the market.
What is Forex trading?
Forex is a combination of two words i.e. foreign and exchange. The name sheds light on the significance of Forex. As such, the Forex market is where you exchange foreign currency. The word exchange means you give one currency to get another currency. When it comes to trading, the reason for exchange is to make a profit. In simple terms, you want to get hold of the currency whose value is about to go up.
At the same time, you want to get rid of the currency whose value is about to fall. To simplify it further, you buy a currency when the value of its one unit is $1. Let’s say you buy 100 units of this currency. Your expense at this point is $100. Now, a few days later, the price of its unit doubles to become$2. When you sell back the 100 units you had bought, you will earn a profit of $100 i.e. each unit is $2 now. Therefore, your gross return would be $200. Note: We have simplified this process for your understanding. In the real market, other factors can affect your profits and losses too.
The most important thing to keep in mind here is that the Forex is not a centralized market. It is decentralized, which means no singular entity is able to control it. It is a huge market that dwarfs even the stock exchange. Think about it: on any given day, Forex trading can amount to $5 trillion.
Why you should start trading Forex?
Here are some of the advantages of trading Forex:
Advantages of Forex trading with Libertex
Negative balance protection
Brokerage fee from 0.006%
$50 000 Demo-account
200+ trading instruments
Here are some amazing advantages of starting your trading career with Libertex:
Based on these numerous advantages, starting with Libertex presents no hassle at all. If you have a bank card, opening up an account takes merely 5 minutes, and then you’ll be on the way to practicing in this exciting trade. Open an account right now and see for yourself.
Forex trading features
As mentioned earlier, in Forex trading, you will always be buying and selling a currency at the same time.
Here is what a typical trade in the Forex market looks like:
You go for the most famous currency pair which is EUR/USD. Suppose the EUR/USD is trading at 1.2500/1.3500. What this means is that you can buy a euro by spending USD1.3500 . If you want sell one euro, you will receive USD 1.2500 in exchange. Let’s say you want to trade the dollars you have for euros, 1,000 of them. From the exchange rate, you will have to spend 1.3500x1,000= USD 1350.
Now, in your account you have EUR 1000. You wait for the price of EUR to rise, and in the next 24 hours, it rises from 1.3500 to 1.4500. Without waiting any further, you will sell your EUR in the market to buy back the dollars. Why would you do that? That’s because your EUR has risen in value and now your EUR 1,000 will buy you more dollars than you spent earlier. Therefore, now you sell your EUR 1,000 for 1.4500 each. The total amount you get back is USD 1,450. You just made a profit of $100. However, you have to keep in mind that you would have ended up with a loss had the price of EUR fallen down for some reason.