WHAT IS FOREX ?
The Foreign Exchange market, also Forex or FX for short, is the largest financial market today with its average daily trading volume of close to $4 trillion. In comparison, the New York Stock Exchange sees an average daily trading volume approximately $55 billion.
Principal FX provides you with all of the software, tools and analysis for you to get started in Forex trading.
KEY FACTS :
LARGEST ASSET CLASS
IN THE WORLD.
MOST LIQUID ASSET
CLOSE TO $4 TRILLION VOLUMES OF CURRENCIES TRADEDEVERY DAY.
NATURALLY, THE MOST
TRADED CURRENCY PAIR
IN THE WORLD IS EUR/USD.
EUR/USD ACCOUNTS FOR ABOUT 28% OF TOTAL TRADE VOLUME.
THE EUROPEAN UNION AND THE UNITED STATES ARE THE LARGEST ECONOMIES IN THE WORLD.
CURRENCY PAIR % OF TOTAL DAILY VOLUME
MAIN PLAYERS OF THE MARKET :
Due to its geographical position, London is the highest volume trading center for the global Forex market.
Benefits of Forex Trading:
- Extremely High liquidity.
- Trade 24 hours a day – 5 days a week.
- Higher leverage, as high as 1:1000 on any Forex trade. It must be understood, however, that it can significantly increase your potential losses, as well as your gains.
|Minimum Deposit||USD 1000|
|Order Volume||Min. 0.01 Lot,
Max. 100 Lots
|Leverage||Max 1 : 1000|
|Spreads||As low as 1.5 PIP|
|Trading tools||Meta Trader 4|
|Execution Type||Market Execution|
MetaTrader is the most popular front-end application used for forex trading. PrincipalFX
MT4 has taken the MetaTrader MT4 platform and integrated its liquidity to create a user
-friendly trading interface with interbank liquidity and quick execution. Both beginner
and veteran traders can benefit from
the advanced trading features offered
The platform provides access to features
such as Automated Expert Advisors,
which analyzes the market and places pending orders and open positions on behalf of the trader. Becoming a trader on Princial FX is easy with our free-to-use software and the simple download process.