FOREX TRADING

FOREX simply means Foreign Exchange and it is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or tourism.

According to a 2019 triennial report from the Bank for International Settlements (a global bank for national central banks), the average was more than $5.1 trillion in daily forex trading volume

The (FOREX) market offers many advantages. Firstly, it is so large, that no single entity can control and manage the volume of transactions, or the market price. Hence, the margins are thin, and the chances of extreme price drops are low.

The foreign exchange (also known as FX or forex) market is a global marketplace for exchanging national currencies against one another.

* Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the largest and most liquid asset markets in the world.

* Currencies trade against each other as exchange rate pairs. For example, EUR/USD.

* Forex markets exist as spot (cash) markets as well as derivatives markets offering forwards, futures, options, and currency swaps.

* Market participants use forex to hedge against international currency and interest rate risk, to speculate on geopolitical events, and to diversify portfolios, among several other reasons.

With the aid of technology and experienced traders, we at ACI takes advantage of these margins by putting calls and picking pairs which yield returns on investments.