About fx trading
Foreign exchange, Forex or just FX are all terms used to describe the 
trading of the world’s many currencies. The FX market is the largest market in the world, with trades amounting to more than 3.2 trillion USD every day. This is more than one hundred times the daily trading on the NYSE (New York Stock Exchange). Most FX trading is speculative, with only a small percentage of market activity representing governments’ and companies’ fundamental currency conversion needs.
Unlike trading on the stock market, the FX market is not conducted by a central exchange, but on the “Interbank” market, which is thought of as an OTC (over-the- counter) market. Trading takes place directly between the two counterparts necessary to make a trade, whether over the telephone or on electronic networks all over the world.
There are many reasons for the popularity of FX trading, but among the most important are the leverage available, the high liquidity 24 hours a day and the very low dealing costs associated with trading.
Saxo Bank offers low margin rates on FX, enabling traders to gear their investments up to 100x (on 1% margin rates). Our spreads are among the most competitive in the business, from 2 pips on major currency pairs.
There are many reasons for the popularity of FX trading, but among the most important are the leverage available, the high liquidity 24 hours a day and the very low dealing costs associated with trading.
Saxo Bank offers low margin rates on FX, enabling traders to gear their investments up to 100x (on 1% margin rates). Our spreads are among the most competitive in the business, from 2 pips on major currency pairs.
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