Forex trading is the act of buying or selling currencies. Banks, central banks, corporations, institutional investors and individual traders exchange foreign currency for a variety of reasons, including balancing the markets, facilitating international trade and tourism, or making a profit. Currency is traded in pairs, in both spot and futures markets. The value of a currency pair is driven by economic, or national elections.
Foreign exchange (also known as forex or FX) refers to the global, over-the-counter market (OTC) where traders, investors, institutions and banks- exchange, speculate on, buy/sell the world currencies. Trading is conducted over the interbank market, an online channel through which currencies are traded 24 hours a day, five days a week. Forex is one of the largest trading markets, with a global daily turnover estimated to exceed US$5 trillion.
Brokers act as intermediaries, facilitating trades by providing clients access to the 24-hour interbank in order to conduct trades. Hypenext offers a number of different accounts, each providing services and features tailored to our clients individual trading objectives. Discover the account that is right for you on our account page. New to forex trading? Learn about the markets by opening a demo account page
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