Forex (FX) is the market in which currencies are traded. The forex market is the largest, most liquid market in the world, with average traded values that can be trillions of dollars per day. It includes all of the currencies in the world. I just got transferred from FXCM, this app is not as good as FXCM, but I was very happy that they reopened my positions for me the way I had them. The biggest issue I have with this compared to FXCM is you cannot customize the app, there is no option for viewing 1 month charts. I am a long term trader and use the weekly and monthly charts. I suppose I can use a different chart system and then make my trades on this platform. But if I where a hourly or daily trader I can see how this would be flustrating.
Now that Mandal realizes he was duped by Secure, he says the company should be held accountable. Timing is one thing that would actually determine your success in the forex market and that is why it is essential to find the best time to trade the forex market, the best time with regards to activity, volume of trade etc.
Another way of using straddles involves fundamental announcements. A lot of these events cause rapid price movement, yet the direction of moves after number releases is notoriously difficult to predict. Particularly popular among traders are FED interest rate announcements and unemployment data release. These are also times when a great deal if indecision is present, resulting in both legs of straddle being stopped out. In spite of its popularity, this is perhaps the worst way of using straddles.
ThinkMarkets offers a range of powerful platforms to cater to any of your trading needs. Experience our bespoke ThinkTrader platform or MT4. All our platforms are available on Mobile PC, Mac and web interface. There is not a central exchange for the Forex market, so these pairs and their crosses are traded over the telephone and online through a global network of banks,forex websites,brokers and currency traders.
As active Market Makers, we are able to configure liquidity for each of our clients, thanks to two decades of relationships with leading banks in the FX market. Trade a broad range of majors, minors and exotic currency pairs, in micro lots or in market sizes.