Forex is short for Foreign Exchange, and it is the most liquid market in the world. Experts are claiming that this market makes a daily turnover of around $5 trillion! So, what is so special about it?
For starters, the Foreign Exchange market is always open. No matter who you are or where you are coming from, you will always have a fair shot of trying your luck and your skills with trading. Of course, the market is closed on international holidays and weekends, since everyone deserves a little break from hard work, right?
One of the most distinctive features of this market is the fact that it is not maintained by a certain organization, bank or a regulatory body. Rather, the Foreign Exchange market is self-regulated, in a way. The trades are going on in all parts of the world and all the different time zones. This way, you can ride the wave that was created by traders just like you, who just try their best to apply their skills and achieve their trading goals.
How does Securedvc fall into that picture? Well, it is a fairly new but quite an attractive platform. We tried to dig deep and long to find a Securedvc complaint, asked the clients for their Securedvc feedback, and here we present to you the results of our work. We hope to give you a trustworthy Securedvc review to help you make a smart trading decision.
So, you engage with the Foreign Exchange market in hopes of trading the world’s top currencies. Currency trading is in a way tricky, but on the other hand pretty safe too, since currencies will always be here, right?
National currencies are not like, for example, gold. They simply can’t run out. The countries are relying on them as examples of their economic strength and achievements. And by analyzing this, you can create your own trading strategy and game plan for the Forex market performance.
Just like any other type of trading, when you trade currencies, you are basically deciding if you’re gonna buy or sell. Pretty simple, huh? If only that were true! There are a lot of external factors that affect Forex trading. From the current political activity of a certain country to its unemployment rate, there are a lot of things you need to consider. But look at it as a good thing – you have even more helpful tools to assist you on your trading journey. That’s why you should see every tricky obstacle as an opportunity to grow and expand as an individual trader.
Leading Currencies of the World
So, when you think of trading currencies, what are the first ones that come to mind? One of the most commonly traded currency is probably the US dollar. This is one of the most liquid currency types in the world, and it represents one of the strongest economies in the world. Other major currencies are usually compared to it in the form of a currency pair – for example, USD/EUR. This way you can assess the relation between the two. Of course, you can look at them as separate tradeable assets, too. These are the indices, and you can trade them separately.
The Japanese yen is another important currency, which is quite popular among traders. Whether you are a beginner or a more experienced trader, you are bound to stumble upon this currency at some point. Japanese yen is referred to as one of the most stable currencies in the world. This is just one of the many attractive features that keep the clients coming back to it.
What is a Spread?
One of the most common terms you will hear a lot when you’re trading currencies is the term of a spread. Sounds festive, right? Still, it is far from the Thanksgiving spread with delicious food, if that’s what you were thinking!
Rather, a spread in trading is simply a difference between the ask and the bid price of a certain asset. In this case, this refers to the currencies of your choosing. In other words, a spread is a certain price of your trading activity. In foreign exchange, the spread is typically very small. If you want to check that out for yourself, you will notice that the relation between the two currencies is always presented through 4-decimal numbers.
So, if the spread is small, how can you make a significant profit? This is actually more common than you might think. At Securedvc, you can gather a huge amount of capital even with small spreads. Since, typically, each trading activity on the Foreign Exchange market is worth several millions. That’s a lot of cash to go around, right?
Which Position Should I Take?
In currency trading, like in any other type of trading activity, you can take several different approaches. This is quite encouraging, since it proves you that one size does not, in fact, fit all. In other words, what works for other traders may not work for you, and vice versa. This is a good thing, since you can create a whole new approach that can work solely for you and your trading needs. There is no need to compare yourself with other traders and their journeys – you are on your own path of success.
A position is a term that describes where you are currently seeing yourself on your trading journey. The most common positions are the long one and the short one.
Long position means that you have decided to take a long-term approach. You have decided on a certain asset, and now you are waiting to see where its value will go. You are patient and you take your time. And it shows! In the end, there is a lot more profit that you can acquire this way.
Short position, on the other hand, is for quick thinkers! As the name would suggest, you are taking the position for a much shorter period of time, hoping it will play out in your favor. These types of position are consisted of waiting for the price of an asset to decrease. When that happens, the traders attempt to buy them back for a lower price. In some ways, this can be even trickier than when you are considering taking a long position.
These are the most distinctive features of Foreign Exchange trading. You can check them out for yourself on the newest platform in town – Securedvc. We hope that we were able to present to you the good and the bad sides of Forex trading truthfully, and answer the impending question – is Securedvc a scam? You’ve heard it here first!