FX

Experience the most volatile market in the world

What is FX?

Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world’s currencies are traded. The forex market is the largest and most liquid market in the world, with an average daily trading volume exceeding $5.5 trillion. All the world’s combined stock markets don’t even come close to this. But what does that mean to you? Take a closer look at forex trading and you may find some exciting trading opportunities unavailable with other investments. Just like with stocks, you can trade currencies based on what you think their value is or where it’s headed. If you think that a currency will increase in value, you can simply buy it. On the other hand, if you think that a currency will decrease in value, you can simply sell it.

For instance, the GBP/USD rate is 1.2373, i.e. £1 is worth $1.2373 US Dollars. Let’s assume for a moment that you need to buy British pounds with US dollars.
Each pound costs $1.2373. So if you buy £300, you pay $371.19. You can now wait until the Pound strengthens against the US Dollar, and then sell back your Pounds at a profit. Currency exchange rates tend to constantly rise and fall against each other due to numerous factors, such as world economics, government policies, natural factors, international trade, market sentiment and political factors. Your ultimate goal as a Forex trader at OasisTrade is to make profits resulting from these rate changes by speculating on upcoming market movements.

The forex market operates 24/5 and covers dozens of different currencies. OasisTrade forex traders can open leveraged positions on the relative performance of a very-wide selection of currency pairs. At no time you are actually buying or owning any physical currencies. You are simply investing on the difference between the opening price and the closing price of your position.

For example:

The SELL rate of the Euro against the US dollar (EUR/USD) is 1.0589 and the BUY rate is 1.0672.
You predict that the EURO will strengthen against the USD, so you open a BUY position on an amount of 10,000.
10,000 x 1.0672 = 10,672
The contract is leveraged x50.
$ 10,672 : 50 = $213.44
This means you need at least $213.44 (initial margin) in order to open this position.
EUR/USD then increases to 1.1459. You manually close the position and earn:
1.1459 – 1.0672 = 0.0787
0.0787 x 10,000 = $787
Your profit is $787.00
You didn’t actually buy any euros or sold any dollars at no point. All you did was simply investing on the market performance of the currency pair.

Advantages of FX trading

FX trading is relatively different than most other forms of trading. Opening a position enables you to speculate on future currency pair movements through investing a reasonably small amount of capital and without paying fees to any third parties. Unlike traditional trading, there is no actual need to physically exchange currencies. Instead, what you are trading on is the price movements of your selected currency pair.

OasisTrade forex trading is enjoyable, quick, secured and convenient. Even though there are many reasons as to why someone might want or need to participate in the forex market, our competitive fixed spreads help to reduce the cost of investing to a minimum while allowing you to fully understand the overall investment process. It is also commission free and we don’t take any hidden charges or fees from you throughout your trading experience.

The Power of Leverage:

Maximize your trading with up to 200:1 leverage on our award-winning trading platform

Flexibility:

You can profit from any upward or downward trend by opening either a “BUY” or a “SELL” position

Effective Risk Management:

Apply Stop Loss, Take Profit and Order Entry tools on every trade you open and enjoy the freedom of leaving open positions running

Continually volatile market:

This market’s exceptional liquidity ensures reliable pricing even at very high volumes, so you can take advantage of the tightest possible spreads

Quick and convenient deposits and withdrawals:

Enjoy hassle-free, secured and convenient methods for transferring and withdrawing funds

Other advantages:

  • Ground-breaking platform
  • Unlimited FX market access
  • No commissions or hidden fees
  • Fixed-tight spreads
  • 100% safe and secured
  • 24/6 dedicated support

Why trade FX with us?

Needless to say, anyone who is looking to get involved in buying and selling currencies online can trade FX. Forex trading is considered as one of the most active and dynamic ways to trade the financial markets and at the center of it is the basic principle of fluctuations in currency values which drives everything else. Thanks to our intuitive platform, it is very convenient to take part in this type of derivative trading and there is no need for any previous knowledge or experience in order to get started.

Trade the world’s most popular currency pairs

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How to win the challenge

Contest participation is absolutely free for all cointeck traders. Once your trading account has been funded, you immediately qualify for automatic entrance. The trader with the highest contest score wins. The contest score is compiled from the total amount of your closed trades multiplied by your account type weight.

Therefore, the more you’ll trade - the greater your winning chances are!

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