Trading foreign exchange (FX) basic method is buying one currency and trading with another. The main purpose for many traders is to buy and sell currencies as simultaneously as possible, and to predict future currency flows and make a profit.
In contrast to other financial markets, the Forex market has no physical location, like the central stock exchange. Instead, it trades 24 hours a day through a global network of companies, banks and individuals. This means that currency prices values are constantly fluctuated each other. That provides to various opportunities for traders.
The Forex market trades over 65 currency pairs. Choosing the right product for you is the most important step in trading.
Liberty FX offers several ways to trade Forex to account holders.
For Forex, the rate is displayed by the relationship between the two currencies. Place a "buy" order if it is expected to be higher than the current rate, and a "sell" order if it is expected to be lower than the current rate.
An "order" is an instruction to trade at some point. Trading points can be pre-fixed by the customer in advance time based on certain price levels. You can also use “stop orders“ and “limit orders” to secure profits and minimize the risk associated with each transaction.
The profit and loss of a transaction fluctuates as the market price changes. Liberty FX can be accessed from mobile, PC, web trader, etc. You can see profits and losses in real time while checking the market price, and you can add orders to open positions, add new transactions, settle existing transactions, all at your fingertips.
When you're ready to close the deal, all you have to do is reverse the ongoing deal. When you close the trade, the position you hold will be closed and the profit and loss will be reflected in your account balance.