What is Forex

Forex - originated from two words: Foreign and Exchange. By merging two words Foreign and Exchange the word Forex is created. Forex means foreign exchange of currencies on the decentralized market.

Forex is the world currency market, where speculative trading is done by retail and institutional parties through brokerage companies, with the aim of making profit and without any physical restrictions.

Forex market is the biggest market in the world with a daily turnover of 5 trillion dollars; it is open 5 days a week, 24 hours a day. Forex trading is available from any part of the world, making it the most attractive market for the investors of all types of investors.

MaximusFX facilitates opportunity to private and corporate clients as well as other financial entities, to open trading account and to start trading within minutes. MaximusFX platforms allow direct access to the market and simultaneous execution of trading orders.

Key advantages of forex market

  • High liquidity with constant demand and supply
  • Long working hours for speculative trading
  • Transparent market with no ability to manipulate price
  • Great liquidity which create constant opportunity
  • Numerous trading instruments to satisfy any investors demand
  • Ability to make profits from rising and/or falling prices
  • Ability to control risk and maximize potential profits
  • Accessible to nearly all interested parties
  • Low capital requirements

Major trading pairs

EUR/USD • GBP/USD • USD/JPY • AUD/USD • USD/CHF • NZD/USD • USD/CAD

Forex trading hours

Market Opening Market Closing
New York 08:00 EST (EDT) 17:00 EST (EDT)
Tokyo 19:00 EST (EDT) 04:00 EST (EDT)
Sydney 17:00 EST (EDT) 02:00 EST (EDT)
London 03:00 EST (EDT) 12:00 EST (EDT)
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Forex market participants

Retail clients

Retail clients as well as investors and entrepreneurs that have export and import businesses, are able to perform forex trading with the aim to make profit.

Financial companies and exchange houses

These companies often require converting currency assets, when doing business abroad. Big companies convert large amount of currencies to support functionality of a day to day operations, this makes forex market a perfect tool to minimize liabilities and maximize profits. Large variety of trading instruments easily allows companies to achieve desired results.

Investment funds and banks

Investment banks and funds offer the services of currency trading, bank deposits, crediting and other financial services to their clients. And they are market participants themselves, where they speculate and manage risks.

The government and central banks

Government and central banks participate and use foreign exchange market to control, regulate local market and to balance economic situation of the country.

How to perform profitable trading?

When trading forex, all currencies are traded in pairs: EUR/USD, GBP/USD, AUD/USD and JPY/USD.

Each currency value equates by price to other currency. When client buys a currency pair and market movement appreciates the currency pairs then client will make a profit.

For example: if you purchase EUR/USD pair and aim to making a profit, market will need to move in your favor and appreciate Euros to Dollars, thus with such market behavior client will earn a profit.

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