Forex

Online Foreign Exchange trading is already one of the most popular financial markets to trade. With prices falling and technologies becoming more sophisticated, its time to discover the real power of Forex with TOPGROWTH.

Why Trade Forex?

The foreign exchange market, also referred to as the Forex or FX market, is the largest, most liquid financial market in the world. For you as a trader, this means that there are literally hundreds of opportunities for profit, and loss, everyday. Three countries (UK, USA and Japan) continue to dominate the forex market. With a turnover of just under 3 trillion US dollars a day, the forex market dwarfs the London, New York and Tokyo stock exchanges combined. Forex provides several advantages when compared with traditional investment.Below are several examples of these advantages:

Traditional Marketplace Forex Market
Limited trading hours; trading times restricted to local market which decreases the attractiveness of the market for overseas investors. The forex market is open 24 hours a day, 5 days a week. Because of the decentralized clearing of trades and overlap of major markets in Asia, London and the United States, the market remains open and liquid throughout the day and overnight
Threat of limited liquidity, stocks are particularly vulnerable to large price fluctuations in after-hour markets or when trading smaller corporate issues The foreign exchange market is the most liquid market in the world eclipsing all others. In comparative terms, daily volumes are more than 40 times that of the Dow Jones Index
Large capital requirements, high margin rates, restrictions on shorting, very little autonomy One consistent margin rate 24-hours a day allows forex traders to leverage their capital more efficiently
Short selling and stop order restrictions. No restrictions on type (market, limit or stop orders) or timing of trades.
Pattern day traders subject to restrictions requiring a substantial amount of cash on account prior to trading No restrictions. Very low account balances, due to leverage/margin strategy. Lower client account requirements
major currency pairs nickname contract size
EUR / USD Euro EUR 100,000
USD / JPY Japanese Yen USD 100,000
GBP / USD Poundsterling GBP 100,000
USD / CHF Swiss Franc USD 100,000
AUD / USD Australian Dollar AUD 100,000

Forex Product List

Trading forex with TOPGROWTH gives you access to a wealth of foreign exchange products to trade regardless of whether you download the Pro-I Trading, trade on the mobile web-based version, through Pro-I Trader on Apple products or conduct your trading over the telephone. The list below details the currency pairs you can trade.

Forex Trading Strategies

There are almost as many trading strategies used in the forex market as there are traders. But there is some commonality shared by most forex market participants. The majority of forex traders choose to adopt a trading strategy based on either technical or fundamental analysis, or a combination of both. The description below outlines some of the defining features of both these approaches. Read More