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Forex Trading with FTO

Maximize your profit when you do forex trading with FTO!

Foreign exchange (also known as Forex or FX) is the exchange of one currency for another at a set price. The foreign exchange market is the biggest financial market in the world trading over $5.3 trillion per day.

One of the largest reasons behind the popularity of forex trading is the fact that markets are open 24 hours a day from Sunday evening through Friday night. The prices are available for trade 24 hours a day making sure that traders can take a position at any time they want and to lessen price gapping.

Forex is a leveraged product, meaning it is necessary to deposit a small percentage of the full value of your position to place a trade. This means that the possibility of profiting or losing from your positions can be higher than in traditional trading. Trading with FTO will allow you to be able to mitigate those risks as much as possible.

Forex is quoted in terms of one currency against another. Traders call these currency pairs. Each currency pair has a base currency, which is the currency on the left of the pair and the counter currency which is on the right. FTO has plenty of currency pairs to choose from including major currencies (EUR/USD, USD/JPY and GBP/USD)

Forex prices are affected by many different factors, from international trade or investment flows to economic or political conditions. High market liquidity means that prices can change in a sudden as a reaction to news and short-term events, opening new trading opportunities for traders.

Some factors that affect forex prices are:

  • Monetary policy
  • Natural disasters
  • Political and economic stability
  • Currency intervention