The Basics of the FOREX Market:
The FOREX (foreign exchange) market is one where you can offer one currency in exchange for a different one. Currencies are extremely important since we use them to buy services and goods both in our residential country as well as internationally. Currency exchange allows us to conduct cross-border transactions and trades.
For instance, if you are a UK resident who wants to purchase cheese from Germany, you will have to make the payment in euros, as that is the currency used in Germany. Or, perhaps you will pay the UK importer in pounds, and the importer will then convert those pounds into euros and pay the German cheese company.
Similarly, if you are a tourist visiting Singapore, you cannot purchase a ticket to Universal Studios by paying in pounds. You will have to exchange the pound for the local currency, which, in this case, would be the SGD (Singaporean Dollar). Once you execute the exchange, you will then be able to buy the ticket using the local currency.
What makes the FOREX market stand out is the absence of a central marketplace. Instead, traders from around the world use computer networks to conduct OTC (Over the Counter) FOREX trading. This market is open five-and-a-half days a week, 24 hours a day and trades are performed across all major financial platforms of the world, including London, Frankfurt, New York, Hong Kong, Zurich, Tokyo, Sydney, and Singapore – across almost all time-zones.
This means that the end of the trading day in one country (the US, for example) marks the beginning of the trading day in another (Hong Kong, for instance). For this reason, the FOREX market is highly active at pretty much every time of the day, and is subject to constant price fluctuations.
Is Astro Holdings the Beset Online Brokerage Firm for FOREX Trading?
Astro Holdings is one of the newest online brokerage firms in the UK, and offers a set of benefits and features for its FOREX traders, which will be hard to find anywhere else:
Excellent Platform Performance:
Astro Holdings has its own premium trading platform, which is available to all its users. This platform is one of the most reliable and powerful ones throughout the online trading world while also being extremely intuitive and user-friendly. The platform offers the ultimate trading experience, and users can rest assured that there will be no time lags in trade executions.
This trading platform is constantly monitored and regularly updated, so that Astro Holdings clients can enjoy smooth and seamless trading.
Protection and Security:
Client safety and protection is Astro Holdings utmost priority and for this reason, every client is equipped with additional layers of security, which can help them keep their transactional information and personal data confidential.
In addition, every investment handled by Astro Holdings is held by some of the most renowned and reputable banks in the country, which ensures that the clients’ hard-earned money is never vulnerable to malware or any other forms of cyber-crimes.
Mobile Application:
Money never sleeps, and the key to success is to stay on top of any changes occurring anywhere in the FOREX trading world. For this reason, Astro Holdings has come up with a sophisticated and powerful mobile application that allows you to conduct your trades anytime and from anywhere.
This application is available for both IOS and Android Operating Systems, which means that you need not worry about compatibility with your device.
Comprehensive FOREX Education:
Like we mentioned, the best traders stay ahead of any changes, and this is only possible if you are educated and well-informed about the FOREX market and about trading in general.
For this reason, every Astro Holdings client gets access to a wealth of free educational material provided in the form of articles, e-books, videos, and – most importantly – one-to-one training sessions with some of the most talented and experienced FOREX traders and educators in the country.
Robust Trading Tools:
Alongside the tightest spreads and the most competitive prices, you can also benefit from Astro Holdings large suite of robust trading tools.
From daily market updates to premier trading signals, these tools provide you with all the information that you need to make the best and most informed decisions. Astro Holdings account manager will walk you through each of the tools and explain how to read, interpret, and implement the information presented by those tools.
Wide Range of Tradable Assets:
While FOREX is one of Astro Holdings standout offerings, the firm also provides a range of other tradable assets such as CFDs, cryptocurrencies, stocks, commodities, indices, and spot metals (such as gold, silver, and platinum).
We mention this point because the most successful traders are those who put their eggs in multiple baskets and make smart diversification decisions. Hence, even if FOREX is your preferred trading asset, your best strategy would be to complement FOREX with some of the other asset classes just mentioned.
Final Word:
To sum up, the FOREX market is the largest throughout the globe, attracting traders from so many different countries and cities.
From a powerful trading platform and application to robust security and comprehensive trading education, Astro Holdings is perhaps the best online FOREX trading platform in the UK for rookies, veterans, and everyone in between.
https://www.wales247.co.uk/astro-holdings-review-is-astro-holdings-the-best-online-firm-for-forex-trading
2022-04-10 23:12:46Z
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