Foreign Exchange (FOREX) is considered to be the biggest traded market in the World. Total traded volume of foreign exchange is estimated to be in excess of US $ 2,000 billion per day. FOREX is the simultaneous exchange of one currency for another between two parties at an agreed rate.
Major advantages include:
- Providing easiness in understanding and executing deals
- Giving direct control over your money
- Forex can be traded for short-term or long-term profits
- Possessing more liquidity than other financial markets
- International trading is possible; i.e. Forex does not limit your trades to local/limited exchanges. For range of markets click here
- No time limitation; you can practice it as a side business
- Since the exchange rates decide the profit or loss, change in the price of individual financial product is not so affect the trader
- Providing a number of currency pairs to choose from
- Having no or less commission fees
- Offering advanced trading platforms at free of cost
- Its online trading version makes deals automated
OFB online trading service gives customers an opportunity to trade over 2,000 financial instruments such as Share and Stock Index CFDs from all major financial markets of the world.