Forex has the largest capitalization and opens up broad prospects for traders. Choose the most liquid currency pairs and multiply your capital with ConcordInvest!
WHAT ARE CURRENCY PAIRS?
Currency pairs are the ratio of the price of two currency units on the currency exchange. This term was introduced to simplify Forex, since a trader buys one currency for another anyway. The first currency in the pair is called the base currency, and the second is the quote currency.
HOW DOES FOREX WORK?
Traders speculate on value, that is, they open positions to buy or sell a currency pair, depending on the assumption in which direction the price will go. Forex value is defined as the set of the results of all market participants. This means that your intent to buy or sell an asset determines its price.
HOW TO READ THE GRAPHICS?
We offer you to trade through the MetaTrader terminal, which is very popular among users all over the world. The platform already contains all the necessary analytics that helps to track market sentiment. ConcordInvest also provides its clients with additional trading tools that send signals to open and close deals.
HOW TO CHOOSE A CURRENCY PAIR?
Forex currency pairs are divided into three groups: popular (with high liquidity), minor (there is no US dollar in them) and exotic (distinguished by high volatility). The most liquid currency pairs consist of the US dollar combined with the euro, yen, Swiss franc, British pound, Canadian or Australian dollar. For example: EUR/USD, USD/JPY, USD/CHF, GBP/USD, USD/CAD and AUD/USD.
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