A Basic Guide to FX Trading With City Index Australia
Apr 29, 2012, 05:00 ET
SYDNEY, April 29, 2012 /PRNewswire/ --
The Bank of International Settlement (BIS), which is considered the central bankers' bank, has recently reported that the global currency (FX) market grew more than 20 per cent over the past three years.
The sheer size of the FX market makes it the most liquid and accessible in the global financial markets.
There are many benefits and advantages to trading forex CFDs with City Index Australia. Here are just a few reasons why so many of our clients are choosing this market over other markets.
LEVERAGE
In forex trading, a small margin deposit can control a much larger total contract value. This means you can make more efficient use of your trading capital. You only need a small percentage or a fraction of your money to gain exposure to a large FX trade.
LIQUIDITY
Since the forex market is large, it is also extremely liquid. This means you can move large amounts of money in and out of the foreign exchange market with minimal price movement.
You are unlikely to be 'stuck' in a trade.
PROFIT IN BOTH RISING AND FALLING MARKETS
The forex market has no restrictions for directional trading. You can profit by taking a 'long' position, (buying the currency pair at one price and selling it later at a higher price), or a 'short' position, (selling the currency pair and buying it back at a lower price).
As long as you are able to pick the right direction, a potential for profit always exists.
ABILITY TO TRADE 24 HOURS
The forex market is truly global and without borders, trading is continuous as long as there is a market. From Monday morning (7am Sydney time) to Saturday morning (7am Sydney time) the forex market never sleeps. This is very desirable for those who choose to trade on a part-time basis as it gives you a lot of flexibility.
Why trade with City Index Australia
Given the huge number of trading instruments available to retail traders now, you need not limit yourself to trading Australian shares. The forex market is a huge market that offers ongoing trading opportunities to both institutional and individual traders.
Trading FX CFDs with City Index will allow you to access the whole forex market including all the major currency pairs e.g. US dollar, Euro, British Pound, Japanese Yen and Swiss Franc using a single platform.
About City Index
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
City Index is a leading global provider of margined foreign exchange and CFD trading. As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. To learn more visit: http://www.cityindex.com.au/
SOURCE City Index Australia