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Unit Forex was founded in 2017 & in just an era of 5 years the Unit Forex is the world's best Forex broker, Aims to provide exceptional, accurate, innovative, and professional services to both retail and institutional clients. Providing the best possible trading conditions to its clients and empowering both scalpers and traders using expert advisors.

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What is Forex ?

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OVERVIEW OF FOREX

What is Foreign ?

Exchange of a currency into another currency upon settled price is called foreign Exchange or forex. All currencies work versus some currency and first currency is called base currency lies on the left of pair although second currency is called counter currency which lies on right. For instance EUR/USD pair, EUR is base and USD is counter currency. Forex is a biggest financial market in the world having 5 trillion USD volume per day.

Commonly traded currencies in the FX market

Symbol	Currency
USD	United States Dollar
EUR	Euro (EUR/USD)
JPY	Japanese Yen (USD/JPY)
GBP	British Pound or Sterling (GBP/USD, or STG/USD)
CHF	Swiss Franc (USD/CHF)
CAD	Canadian Dollar (USD/CAD)
AUD	Australian Dollar (AUD/USD)
NZD	New Zealand Dollar (NZD/USD)

What is FX Pricing ?

International trades and financial incoming and outgoing affect the prices in forex market. Political situations and economical conditions have also a big effect on prices as interest rates, inflation and stability conditions in politics. It means that prices in forex market are fluctuating due to external powers and technical reasons.

How does the Forex market operates?

Unlike other financial markets like the New York Stock Exchange, the forex market has neither a physical location nor a central exchange. The forex market is considered an Over-the-Counter (OTC), or "Interbank" market due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period, traded globally by a large number of individuals and organizations. At 5:00 pm EST Sunday, trading begins as markets open in Sydney. At 7:00 pm EST the Tokyo market opens, followed by London at 3:00 am EST. And finally, New York opens at 8:00 am EST and closes at 4:00 p.m. EST. Before New York trading closes, the Sydney market is back open – it's a 24-hour seamless market!

How to Trade Forex ?

When trading forex prices, you would buy a currency pair if you believed that the base currency will strengthen against the counter currency. Alternatively, you would sell a currency pair if you believed that the base currency will weaken in value against the counter currency.

Forex trading allows you to speculate on price movements in the global currency market. Currency values rise and fall in relation to each other and in response to national and international economic, financial and political events. There is no difference in profit or loss potential if a currency rises or falls in relation to its trading partners so you can as readily sell a currency as you can buy it.

The first currency in any pair, for example EUR/USD or USD/CHF is the base currency. Trades and positions are calculated in that currency. For EUR/USD trades are made in euros but for USD/CHF, trades are conducted in US dollars.

Forex is a leveraged product enabling you to trade by paying a small fraction of the equity that would be needed to fund a trade. This means that you can potentially magnify your returns on an investment. Remember though that higher leverage can result in losses that exceed your initial deposit.

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