Forex

WHAT IS FOREX?

 Quite simply, it’s the global market that allows the exchange of one currency for another. In terms of trading volume, it is by far the largest market in the world, with an average trading volume of $5.1 trillion per day, due to the large number of participants in the market ranging from regular investors to governments

Currencies are always traded in pairs; this market (the foreign exchange market) does not set a currency’s absolute value but rather determines its relative value by setting the market price of one currency if paid for with another.

 Example:  one USD (Base currency) is worth x AUD, or EUR, etc.
Realistic example EUR/USD= (USD)1.1163 for each one EUR.

TRADE CFDs WITH LEGEND BROKERS?

Legend Brokers offer:

  • Low competitive spreads.
  • Instant execution of orders.
  • +100 currency pairs including major, minor crosses exotic and Nordic pairs.

With LEGEND BROKERS, traders can capitalize on both rising and falling markets and have the opportunity to trade in a professional and safe environment using an award-winning trading platform.

FOREX TRADING CONDITIONS

Check out the spreads, margin requirements and trading hours for some of the FX pairs we offer:

The underlying market spread may vary throughout the trading day, depending on market conditions. The value of a given point is based on a standard contract traded. The value of the point may vary depending on the size of the transaction.

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Contact us:

  •   Support@legendBrokers.com
  •   +12018555200
  •   Global Formations Office 611, 6th Floor,Fairmont Dubai, Sheikh Zayed Road, Dubai,
    United Arab Emirates

Risk Warning : Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


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