Forex
START TRADINGWhat Is Foreign Exchange (Forex)?
Foreign Exchange (forex or FX) is the trading of one currency for another. For example, one can swap the U.S. dollar for the euro. Foreign exchange transaction scan take place on the foreign exchange market, also known as the forex market.
The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day. There is no centralized location. Rather, the forex market is an electronic network of banks, brokers, institutions, and individual traders(mostly trading through brokers or banks).
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Understanding Forex
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Forex Pairs and Quotes
Currencies being traded are listed in pairs, such as USD/CAD, EUR/USD, Or USD/JPY These represent the U.S. dollar (USD) versus the Canadian dollar (CAD),the Euro(EUR) versus the USD, and the USD versus the Japanese Yen (JPY).
Forex Pairs and Quotes
There will also be a price associated with each pair such as 1.2569. lf this price was associated with the USD/CAD pair it means that it costs 1.2569 CAD to buy one USD.If the price increases to 1.3336, it now costs 1.3336 CAD to buy one USD. The USD has increased in value (the CAD has decreased) as it now costs more CAD to buy one USD
With ATOM
With its outstanding technological innovation, low trading spreads, high execution speed, and extensive international influence, ATOM has become one of the most trusted and respected brokers in the forex market. The company continually expands its business footprint, introduces new products, enhances customer experience, and demonstrates corporate social responsibility through offline events and charitable activities. ATOM remains committed to providing the highest quality trading services and solutions to its clients.
ATOM BROKER MARKETS PTY LTD (Australia), Australian company registration number: ACN 680 284 020, this company is an authorized representative company (Australian Finance Service (AFS) representative number 001311143) of Rich Smart Finance Pty. Ltd. (Australian Financial Services License (AFSL) 441277), registered address: L1, 256 Rundle St, Adelaide, SA 5000. Disclaimer: This entity is not the issuer of, and is not responsible for, the financial products traded on or through this website.
The am-broker brand does not offer services to the United States, Australia, Mainland China, or Hong Kong SAR. For more information, please refer to the regulatory section in our FAQs.
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