CFD & FX Trading
Online Forex Trading: The Growth Continues
The Foreign exchange market otherwise known as “Forex” or “FX” is the world’s largest financial market with over 3.5 trillion USD traded daily.
There are three main reasons why businesses or individuals choose to participate in the FX market:
- To facilitate a transaction whereby payments are made for the export of goods or services by converting foreign currencies into their domestic currencies or the purchase of imported goods or services by exchanging local currency to purchase foreign currency.
- To remove unwanted risk of adverse exchange movements by hedging forward dated payments or receipts in the currency markets.
- To speculate for profit. It is estimated that more than 80% of all FX trading is speculative in nature.
Advantages of Trading Forex
- Ability to trade on margin. Access to the FX market can be made using small capital outlays. Trade on margin with as little as 1% deposit.
- Trade long (open purchase) and short (open sale) positions.
- 24-hour seamless trading. The market is open for a continual 5½ day period, from the opening of the New Zealand markets on Monday morning to the close of New York at 5pm on Friday evening. Real-time access to streaming prices is available at all times during this period (under normal market conditions).
- No delivery or contract expiry to consider.
- Benefit by trading the largest and most liquid market in the world.
About AxiTrader
AxiTrader is an Australian company established to provide innovative online financial products and services, and is there to assist you with all your trading needs. In short you can trade Margin FX, Global Indices, Precious Metals and Commodities, all with competitive rates and spreads. For your peace of mind all funds deposited with AxiTrader are held in a segregated trust account with a local major bank in Sydney.
Some benefits of the AxiTrader trading platform are:
The AxiTrader online dealing system is suitable for both technical and fundamental trading. Technical analysis involves the study of past market data for forecasting future price movements in the market where as fundamental analysis involves focusing on the overall health of the economy by monitoring interest rates, employment, production and the overall economic situation of countries.
Advantages of trading FX using technical analysis
- Strong persistent trend.
- No directional bias.
Advantages of trading FX using fundamental analysis
- Global economic information readily available
- Considerably less complicated than stock investing
- Ability to trade on news and events
