What is Forex?
The foreign exchange (currency, or Forex, or FX) market an international market, where one currency is traded for another evolved into its current state in 1971 and, thus, has been operating for more than 30 years. Today, the Forex market is by far the largest financial market in the world in terms of trading volumes up to US$3 trillion each day. By way of example: the average daily turnover in the global stock market does not exceed US$300 billion. Who are the major participants in the Forex market?
Trading financial instruments involves substantial risk of loss to your capital. The high degree of leverage available in the Forex market can work against you as well as for you. Before starting Forex trading, it is critical that you carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you can sustain a substantial loss of some or all of your investments due to unfavourable fluctuations in currency exchange rates. You should abstain from Forex trading unless you are an experienced market participant or you fully understand the basics of currency markets, inherent risks, mechanisms of transaction execution and order placement. You are strongly recommended not to invest money that you cannot afford to lose. Before signing up for a Forex account, you must read and accept the terms and conditions of Forex trading, agreements, and tariffs. In order to reduce the risk of potential losses, you can (but are not obliged to) use pending stop-loss orders and, at each transaction invest not more than 5% of your Forex account. BCS-Cyprus shall not be held liable for incorrect interpretation of information posted on this website, as well as for possible mistakes, typos, and incorrect information.