Did you know the foreign exchange market, also known as the FOREX or FX market, is the largest and most liquid financial market in the world? It is where currencies are traded and exchanged with over US$7 trillion changing hands every day.
Traditionally reserved for institutional traders, investment banks, and governments, it is now possible for anyone with an internet-enabled tablet, phone or laptop to participate, as an active and informed trader in this potentially lucrative market. All thanks to advances in trading technology, democratisation of institutional-grade market research, and platform providers like Admirals.
To give you an idea of the sheer size and scale of the FX market - it is approximately 30 times the size of the US stock and bond markets combined. Even if we mash up the value of the world’s major stock markets into a single unified daily figure, the FX market would still be larger in comparison, and substantially so.
Admirals is an ASIC regulated investing and trading platform. AFSL 410681.
One of the key differences of trading FOREX and Contracts-for-Difference (CFDs) over stock market investing is the availability of leverage. Leverage allows traders to control a larger position (size of the trade) with a relatively smaller amount of capital. In Australia, leverage can be as high as 1:30, meaning that for every $1, a trader can control up to $30 of a trade - be it a Microsoft or BHP share CFD, Gold or the AUD/USD currency pair.
Another major difference FX and CFD trading offers over conventional stock investing is the ability to trade both ways—that is, traders can trade both rising markets (long) as well as falling markets (short). This means that investors can potentially take profit in not just bullish market conditions, but also in bearish market conditions. The ability to long or short may therefore present traders and investors with additional potential market opportunities to participate in.
Admirals is a Nasdaq-listed, Australian-licensed personal trading and investment solutions technology company. With its APAC headquarters in Sydney, the company has been helping Australians make informed trading decisions for over 10 years.
At Admiral Markets, we offer our clients access to both global stock market investing as well as FX and CFD trading:
Access over 4500 instruments with an Australian regulated company.
Trade equities, bonds, indices, FX, commodities, ETFs & digital currencies.
Trade global stock markets commission-free.
Premium trading conditions, ultra-fast execution of orders.
Local customer support and dedicated account manager.
Start with as little as $100.
Admirals also offers an industry-leading education program where participants have the chance to opt-in to Admirals Australia Professional Learning & Engagement Recognition Program (ProLERP) for the opportunity to earn formal recognition of their learning in the form of an electronic badge and digital certificate (compatible with LinkedIn).
For those who prefer self-paced learning, there is a variety of online resources on the Admirals website—which offers a host of educational articles, YouTube videos, trading tools, and market analysis.
There is also the option to test drive the trading platform on a DEMO account—allowing users to practice trading in a risk-free environment with virtual capital.
For more information or to speak with Admiral Markets Australia call 1300 889 866, or email australia@admiralmarkets.com.
Click here to open a live account.
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