Overview
The spot foreign exchange market (also called “Forex” or “FX”) is not traded on exchange but rather accomplished over-the-counter by two counter parties. Initially, Forex was traded “Interbank” since trading was conducted only by banks trading with each other. However, with the development of information systems and technology, financial institutions introduced margin trading on foreign exchange at more competitive terms. At present, the majority of foreign exchange transactions are performed by speculators. Institutional investors, funds and government institutions contribute to the rest of the market participants.
It is estimated that daily Forex Market turnover exceeds 4 trillion U.S. Dollars in volume traded. Forex market today is essentially the largest and most liquid of the financial markets. Forex gives traders an access to the market 24 hours a day, 5 days a week, with prices being quoted to one thousandth of a cent!
Milliance Fx allows all types of Trading Strategies including News Trading. Milliance Fx accounts are suitable for all types of traders, from novice traders to real Forex experts! If you are still new to Forex trading, we would suggest you to open Milliance Fx Demo Account to master your trading skills. Our Demo account features benefits that the live account offers but bears no risk as the funds are virtual. Note, thAt Milliance Fx Account does not have an expiry date.
Risk Warning: Investing in financial instruments as well as trading FOREX and other leveraged derivatives involves a big degree of risk and may not be suitable to all investors. Trading such financial instruments can increase losses as well as gains on the relatively small movements of the underlying market. or its officials are not responsible for any losses, and before trading, one should consult an independent advisor or professional entity if necessary. For further information please refer to the Risk Warning that is available on our web site.
