Why trade with JoinFX
Trade currencies in the largest market in the world with more than $5 trillion in daily trading volume. Featuring robust depth and maximum liquidity, the forex is a premier destination for active traders around the globe.
WHAT IS FOREX?
Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where the world buys and sells currency. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.
FOREX TRANSACTION: IT'S ALL ABOUT THE EXCHANGE
If you've ever traveled overseas, you've completed a forex transaction. Take a trip to France and you convert your books into euros. When you do this, the exchange rate between the two currencies, based on supply and demand, determines how many euros you get for your books. And the exchange rate is constantly fluctuating.
Just like stocks, you can trade currencies based on how you feel about its value (or where it is going). But the big difference with forex is that you can trade up or down just as easily. If you think a currency is going to rise in value, you can buy it. If you think it will decrease, you can sell it. With such a large market, finding a buyer when you sell and a seller when you buy is much easier than in other markets. Perhaps you hear on the news that China is devaluing its currency to attract more foreign businesses to its country. If you think this trend will continue, you can make a forex trade by selling the Chinese currency against another currency, for example the US dollar. The more the Chinese currency depreciates against the
US dollar, the higher your profits. If the value of the Chinese currency increases while your sell position is open, your losses increase and you want to exit the trade.