Ironfx has been a pioneer in forex trading. They are one of the global leaders in trading forex. Let’s understand what forex exchange is and why it is so popular.
What is forex?
Forex stands for Foreign Exchange. Here two currencies are exchanged to make a profit. Here the value of the currencies depends on many factors such as demand and supply, economical factors, and many more. One can earn by exchanging two currencies through legal means.
What is forex trade?
One can exchange two currencies to earn profit from it. It gains a lot of popularity and thus became one of the largest trading markets. With the growing world, this forex trading became online and made it even bigger.
People prefer to do forex trading as its market is open 24 hours 5 days a week. It is a decentralized trading market.
In forex trading, one can trade a pair of two individual currencies. The currencies could be well-known currencies or emerging currencies. Based on these types, three major categories of Forex pairs could be traded.
Forex trading pairs:
• Major pairs: It includes pairing USD with any of the well-known currencies.
• Minor pairs: It includes pairing between well-known currencies.
• Exotic pairs: It includes pairing with one of the emerging currencies.
Forex trading on Ironfx:
Ironfx specializes in forex trading. CFDs of forex can be profitable. Thus, they gained popularity among traders.
Ironfx provides a set of currencies from which the traders can make their one trading pairs. It allows the user to make many pairs and earn through them.
They provide you with the necessary tools to track and analyze the market movement as the forex market is very volatile.
The spread for the forex trade is very competitive to let the trader benefit the most.
They provide users with flexible leverage to enable them to trade at their full potential.