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FOREX TRADING

What is Forex Trading?

Forex, also called foreign exchange or FX, refers to the buying of one country's currency and selling another, with the goal of making a profit through the exchange. As the world's most active financial market, the daily average trading volume in the forex market exceeds $7 trillion, with currency pairs related to the U.S. dollar accounting for over 80% of the global market.

Forex trading serves as a global market for the exchange of national currencies, making it the largest and most deeply liquid financial market worldwide. Given the expansive scope of trade, commerce, and finance on a global scale, Forex plays a pivotal role. Currencies are traded in pairs, such as EUR/USD, reflecting the exchange rates between them.

Forex trading encompasses both spot and derivatives markets, providing opportunities in forwards, futures, options, and currency swaps. NIYAFA FX offers Forex derivatives trading services (i.e. Forex CFD trading) where traders can experience competitive spread advantage, depth of liquidity, transparent pricing, compliance trading, etc.

Benefits of Forex CFD Trading .

Forex trading has many benefits that attract many investors and traders to this global financial market. Here are some of the main benefits of Forex CFD trading:

Deep Liquidity: Forex is one of the largest and most active financial markets in the world, with a daily trading volume of over trillions of dollars. Due to the sheer size of the market, investors can easily buy and sell major currency pairs without having to worry about liquidity problems that may occur in the market due to in and out of other investors.
24/7 Market: Forex CFD trading is a 24/7 open market due to the time differences involving the world's major financial centres and regions. When one market is closed, another is usually already open, which allows investors to trade in different time zones.
Leverage: Forex trading allows the use of leverage, which means that traders can control larger positions by investing relatively small amounts of money. This allows the opportunity for higher profits, but also increases risk.
Global Market: Forex CFD trading involves national fiat currencies, making it subject to global economic and political dynamics. Traders can take information from events in different countries and regions to develop trading strategies.
Hedging: Forex trading can be used for hedging purposes, helping individuals or institutional businesses that hold foreign currency to reduce the risk caused by currency fluctuations. This is particularly important for international trade and multinational corporations to protect against exchange rate fluctuations.
Trading Opportunities: Forex trading offers a wide range of trading opportunities, not only on major currency pairs, but also on mirror currency pairs. The volatility of the market provides traders with the opportunity to make profits, whether the market is rising or falling.
Low Transaction Costs: Forex CFD trading usually has relatively low transaction costs compared to other financial markets. Most forex brokers charge low fees and spreads, making trading more cost-effective.

Overall, forex CFD provides traders with diverse opportunities, but before participating, traders should fully understand the market and be clear about their investment objectives and risk tolerance.

How to Start Trading Forex CFD?

Getting started with Forex CFD trading is like getting into something like stock trading. Jumpstart your forex trading journey by following these steps:

Understanding Forex: Although Forex trading is not very complicated, it requires specialised financial knowledge and continuous learning about the market. Forex trading involves margin, leverage, spreads, etc. Traders need to have a clear understanding before they invest in trading Forex.
Choosing a trading platform: Before you start trading forex, you need to choose a compliance and security, transparent pricing trading platform to open an account to trade.
Making a trading strategy: While traders are not always able to predict and grasp the market trend, having a set of trading strategies will provide comprehensive guidance and a roadmap for your trading, to a certain extent, to reduce the risk of your CFD trading.
Stay on top of market data: Once you start trading, regularly check your positions at the end of every day. Most trading software provides a daily trade history. Confirm that you have no open position orders and make sure you have enough cash in your account for future trades.
Stay on top of market news: Once you start trading, it is important to keep an eye on financial news and forex policies daily to react quickly to market trends.
Keep emotional stability: CFD trading is often accompanied by mood swings and unanswered questions. Try training yourself to close positions when necessary from an NIYAFA FX demo account first to develop discipline in your trading before opening a real account to start trading Forex CFD.

NIYAFA FX Forex CFD

NIYAFA FX is a compliant and secure online trading platform that provides traders with nearly 100 mainstream currency pairs, such as AU/USD, EUR/USD, USD/JPY, etc., allowing traders to trade forex CFD with ease.

NIYAFA trading station provides traders with an instant platform for Forex CFD trading, through which traders can view real-time trading prices and make buying and selling orders. Traders can also customise their Forex trading interface according to their needs. In addition, risk management tools, decision support tools, foreign exchange news, sophisticated back-end management system, highly strategic and friendly interface design, information systems, etc. have an external strategic conception and friendly use of the environment, all of which provide NIYAFA FX users with convenient and efficient services.

FAQ

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Losses can exceed deposits on margin products. Please ensure you understand the risks.

NIYAFA FX is the trading name of NIYAFAFX ltd, which is regulated by the Money Services Business (MSB) with Securities Dealer’s license number 31000289167268.

Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Please read and ensure you fully understand our Risk Disclosure.

Restricted Countries: NIYAFAFX Ltd does not provide services for residents of certain countries such as the of Israel, New Zealand, Iran and North Korea (Democratic People's Republic of Korea) or a country where such distribution or use would be contrary to local law or regulation.

You must be 18 years old, or of legal age as determined in your country. Upon registering an account with NIYAFAFX Ltd, you acknowledge that you are registering at your own free will, without solicitation on behalf of NIYAFAFX Ltd.

NIYAFAFX Ltd does not direct its website and services to any individual in any country in which the use of its website and services are prohibited by local laws or regulations. When accessing this website from a country in which its use may or may not be prohibited, it is the user's responsibility to ensure that any use of the website or services adheres to local laws or regulations. NIYAFAFX Ltd does not affirm that the information on its website is suitable for all jurisdictions.