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WHAT IS FX?

The Forex (or foreign exchange) is where all of the world’s currencies are traded 24/6. This market serves as the core exchange mechanism for global businesses and traders, with a massive daily transaction volume of $5.7 trillion.

FX (or Forex) trading gives you the power to exchange almost any currency with another, at an agreed-upon price.

 

For instance: the GPB/USD rate is 1.22, i.e. £1 is worth $1.22.

You wish to buy Pounds with US dollars.

Each Pound costs $1.22. So if you buy £500, you pay $610.

You can now wait until the Pound will strengthen versus the dollar, and then sell back your Pounds at a profit.

 

There are many different factors that have the power to influence rising and falling currency exchange rates: changing world economies, political stability, inflation, interest rates, etc. Your objective as a Forex trader is to make profits from constant rate changes by speculating on future market movements.

The Forex market is open to everyone; from banks, governments and businesses to private investors and traders.

 

FX is considered as a leveraged product (up to x200 on NovusCM ’s platform). What it means is that you are able to trade with only a small portion of the total value of your trade and still be able to maximize your returns.

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For example:

The SELL rate of the Euro against the US dollar (EUR/USD) is 1.05433 and the BUY rate is 1.05564.

You predict that the EUR will strengthen against the USD, so you open a BUY position on an amount of 10,000.

10,000 x 1.05564 = 10,556.4

The contract is leveraged x50.

$ 10,556.4 : 50 = $211.13

This means you need at least $211.13 (initial margin) in order to open this position.

EUR/USD then increases to 1.08739. You manually close the position and earn:

1.08739 - 1.05564 = 0.03175

0.03175 x 10,000 = $317.5

Your profit is $317.5

At no point did you actually buy any Euros or sold any Dollars. You simply invested on the market performance of the currency pair.

ADVANTAGES OF FX TRADING

FX trading lets you speculate on movements of currency pairs while using quite a small amount of capital and without paying any hidden fees or commissions to a third party.

Unlike other traditional forms of trading, there is no requirement to actually own the asset. This eliminates the need for any paperwork or contractual agreements with brokerage firms/banks.

You can just register by providing your info, make a minimum deposit in your own segregated trading account and start trading.

Leverage

Trading Forex with leverage gives you the ability to open a position while using only a fraction of its total value. Doing so allows you to control larger trade sizes and magnify your overall returns; your profits are calculated based on the overall amount of the trade.

Profit opportunities

Trading in Forex allows you to make profits from both rising and falling currency exchange rates. On top of that, the never-ending liquidity of this unique market guarantees dependable pricing at all volumes and lets you enjoy the lowest possible spreads.

Risk management

You can immediately determine your exposure level by setting the “stop loss/take profit” parameters. This standard feature will automatically close any open positions if the price either drops or rises beyond a predetermined point.

Main Advantages:

Trade on both rising and falling markets

Efficiency of your capital

Up to X200 leverage

Risk management capabilities

24/5 availability

Transparent and secure

WHY TRADE FX WITH NovusCM ?

Opening an account with NovusCM  unlocks the entrance to a whole new and exciting trading experience like no other.

 

As a seminal brand, we are fully committed to providing you with unparalleled trading conditions. Take advantage of limitless access to our impressive collection of eBooks, video courses and live daily webinars, detailed financial updates, devoted account management team and 24/6 support.

The benefits of NovusCM :

State-of-the-art platform

Fixed spreads

Dedicated customer support

More than 1,000 top-class assets

Extensive educational center

Secure, transparent and regulated broker

Zero commissions, zero fees

1-on-1 personal trading sessions

Trade the world’s most popular currency pairs:

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Risk disclosure: FOREX trading involves significant risk. We strongly advise that you read our Terms & Conditions. Although the risk when trading FOREX is fixed for each individual trade, the trades are live and it is possible to lose your initial investment, particularly if a trader chooses to place his entire investment to a single live trade. It is highly recommended that traders choose a proper money management strategy which limits the total consecutive trades or total outstanding investment.

 

Disclaimer: NovusCM is an online trading platform provider. We are an industry leading FOREX brokers because we offer our investors the ability to trade underlying assets which include: Stocks, Commodities, Indices and Currency Pairs (FOREX) on an accurate and state of the art FOREX option trading platform. NovusCM advises its clients to read our terms and conditions carefully before opening positions on our platform. Digital option quotes displayed on the NovusCM platform are rates that the company is prepared to offer options at, and as a result may not necessarily correspond to the exact live market quotations. Trading FOREX contains risks which may result in partial or full loss of an investment. There are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connection.

The Company is not responsible for communication failures or delays when trading via the Internet. Any opinions, news, research, analyses, or other information contained on this website are provided as general market commentary and do not constitute investment advice. The Company is not liable for any loss or damage, including and without limitation to, any loss of profit which may arise directly or indirectly from use of or reliance on such information.