UFXMarkets offers trading on Commodities Indices Stocks and CFDs in addition to Forex
Post on: 27 Август, 2015 No Comment
The Foreign Exchange Currency Market (FOREX) is by far and away the largest speculative market in the world. Daily dollar volume in all the currency pairs averages around $4 trillion per day. Even more remarkable,this staggering sum is all done off-exchange,meaning that there are no trading pits where traders go head-to-head. Every single Forex trade is done electronically.
We know that you are checking us out as a potential Forex broker,but did you know that UFXMarkets offers other markets as well?
We also offer online trading in Commodities,Indices,Stocks and CFDs (Contracts for Difference).
Even if you have no intention to participate in any of these other markets at the present time,something you will learn to really appreciate is that having the price data from these different markets easily accessible to you on one trading platform will be of vast benefit to your Forex trading.
Many experienced Forex traders monitor other markets as a way of gaining insight into what may happen in the currency markets. This is known as the concept of correlation. For example,if the commodity gold price is low and dropping,it is very likely that the Australian dollar (AUD) will lose ground against other major currencies. When oil prices are low,the Canadian dollar will often lose value. Strength in the U.S. Equities markets often causes the U.S. dollar to lose value compared to the euro or yen.
Using the concept of correlation to plan your Forex trades is not a perfect science,but it is of definite value. Having data from all these diverse markets will help you plan good trades and avoid bad ones.
You may even find yourself,once you have accumulated some Forex trading experience,exploring those other markets for trading opportunities when the Forex market is quiet.
Here is a brief rundown of markets offered by UFXMarkets.
• Forex-Fixed spreads on over 32 of the most popularly traded currency pairs.
• Commodities-You can trade precious metals,agricultural and energy Futures.
• Indices-Large baskets of stocks,such as the DJIA and S&P 500. These are a great way to trade stocks without taking on the risk of picking the wrong stock.
• Stocks-Unlike many brokers,trading stocks with UFXMarkets does not involve paying commissions. We charge only a clearly apparent spread that is among the lowest to be found.
• CFDs-A specialized financial instrument involving an agreement between two traders. We have the resources for you to learn about CFDs and then make an informed decision over whether or not to include them in your portfolio.
This brief summary of UFXMarkets could not possibly tell you everything,but we pride ourselves in having experienced experts at your disposal to explain things thoroughly,as well as many online resources that will assist you to find the answers you need,when you need them. Please visit our website and explore these resources at your convenience,and do not hesitate to contact us personally if you would like to discuss anything further.