Currency Trading Markets

Trade 24 Hours a Day At Your Convenience

Foreign Exchange is the simultaneous buying of one currency and selling of another. The foreign exchange market (FOREX) is the largest financial market in the world, with a volume of over $1.5 trillion daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange. It operates through an electronic network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another across the major financial centers.

Traditionally, investors' only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971.

Advantages of Forex

A 24-hour market - A trader may take advantage of profitable market conditions at any time. There is no waiting for the opening bell. The market trades 24 hours a day, from 5pm EST Sunday to 4pm EST Friday, and it rarely has any gaps in price. Its sheer size (it trades nearly US$2 trillion each day) and scope (from Asia to Europe to North America) makes the currency market the most accessible market in the world

High liquidity - The most liquid market in the world means that a trader can enter or exit the market at will in almost any market condition with minimal execution risk.

Low transaction cost - All MFN clients qualify for a margin requirement of US$50.00 per instrument, 0.5%, or 200 times invested funds. Clients trade forex, commodities and stocks on the industry’s lowest margin and spread requirements.

Risk/Rewards greater - Be careful managing leverage positions, this is a high powered investment. With 50 times more leverage available than with stock trading... risks and rewards are greater. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. read disclosures.

No one can corner the market - The Forex market is so vast and has so many participants that no single entity, not even a central bank, can control the market price for an extended period of time. As the market has grown even central bank interventions have become increasingly ineffectual and short lived as a tool for controlling the value of a particular currency.