The largest market in the world
With a daily turnover around $7.5 trillion, forex cannot be influenced like small cap stocks. Endless liquidity means you can enter and exit the market at almost any time.
The foreign exchange market
What is forex?
The foreign exchange market, usually known as forex or FX, is the largest and most liquid financial market in the world.
The FX market is a global, decentralised, over the counter market where the world’s currencies change hands. Exchange rates change by the second, so the market is constantly in flux.
Only a tiny percentage of currency transactions relate to the real economy, such as international trade and tourism. The vast majority are bought and sold for speculative reasons, and it is by far the largest market in the world, followed by the credit market.
Indicative. Not live market data.
Benefits of the forex market
Why traders choose forex.
Open around the clock
Unlike the stock market’s short hours, forex opens Monday morning and runs to Saturday, across the Asian, European and US sessions. Far more trading opportunities.
Leverage
Leverage lets you control a larger position with less capital. Most Australian brokers start clients around 1:30, and experienced traders can access much higher.
Profit in both directions
Unlike many share markets, forex traders can profit whether the market rises (long) or falls (short), meaning more opportunities regardless of conditions.
Low trading cost
Opening a trade on forex is inexpensive compared with shares and other asset classes. A 100k trade on EUR/USD can cost as little as around $10.
Reduced manipulation
Because of its huge volume, the forex market cannot be significantly influenced by large players, which greatly reduces the impact of insider activity.
Automate it
Let a system trade the forex market for you.
Quantara’s software applies these principles automatically, 24 hours a day, with no experience required.