Grow Your Money With Us Easily

FX, Forex, foreign-exchange market, currency market - all these terms are synonyms that refer to the Forex market. Trading Forex involves the buying of one currency and simultaneous selling of another. In Forex, traders attempt to profit by buying and selling currencies and actively speculating on the direction currencies are likely to take in the future. Forex trading is considered as one of the largest and most liquid markets in the world. According to a recent triennial report from the Bank for International Settlements (a global bank for national central banks), the dollar amount of daily transactions in the Forex market is around USD 5 trillion and $1.5 trillion of this amount comes from spot trading. The large dimensions of the market makes finding buyers and sellers fast and easy, allowing for a dynamic investing process. This volatility can be difficult because of the limited decision time, that is why dedicated investor teams tend to be more successful than “side traders”. There are three ways that corporations, individuals and institutions trade Forex: the spot market, the Forex market, and the futures market. At our company we focus on the spot market, because the forwards and futures markets are used more actively by companies that need to hedge their foreign exchange risks out to a specific date in the future. The spot market is where currencies are bought and sold at their current price. This price, among other things, can be influenced by the economic performance of representing countries, local and international political situations, as well as the seeming future performance of currencies against one another. These factors, combined with many others, create daily speculations and communal perspectives, which in turn create volatility for the Forex market. Expert investors like the Bitero team can analyse and utilize this volatility and profit from both interest rate differentials and changes in exchange rate.