Forex market basics:
The Forex (foreign exchange) market is one of the markets in which you can offer one currency in exchange for another. Currencies are very important because we use them to purchase services and goods in our home country as well as internationally. Currency exchange allows us to transact and transact across borders.
For example, if you are based in the UK and want to buy cheese from Germany, you will have to pay in Euros, as this is the currency used in Germany. Or perhaps you would pay the British importer in pounds sterling, and the importer would then convert those pounds into euros and pay the German cheese company.
Likewise, if you are a tourist visiting Singapore, you cannot buy a ticket to Universal Studios by paying in sterling. You will have to exchange the British pound for the local currency, which, in this case, will be SGD (Singapore dollar). Once the exchange is executed, you will then be able to purchase the ticket using the local currency.
What distinguishes the forex market is that there is no central market. Instead, traders from all over the world use computer networks to conduct over-the-counter (OTC) forex trading. This market is open five and a half days a week, 24 hours a day and trades are conducted across all major financial platforms in 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 a trading day in one country (the United States, for example) indicates the beginning of the trading day in another country (Hong Kong, for example). For this reason, the forex market is very active at all times of the day, and is subject to constant price fluctuations.
Is Astro Holdings an online forex broker Beset?
Astro Holdings is one of the newest online brokerage firms in the UK, offering a host of advantages and features to forex traders, which would be hard to find anywhere else:
Excellent platform performance:
Astro Holdings It has its own premium trading platform, which is available to all of its users. This platform is one of the most reliable and powerful across the online trading world while also being very intuitive and easy to use. The platform provides an optimal trading experience, and users can rest assured that there will be no delays in executing trades.
This trading platform is constantly monitored and updated regularly, so that Astro Holdings clients can enjoy smooth and seamless trading.
Protection and security:
Customer safety and protection is a top priority at Astro Holdings and for this reason, each customer is equipped with additional layers of security, which can help them keep transaction information and their personal data confidential.
In addition, every investment made by Astro Holdings is owned by some of the most reputable and reputable banks in the country, ensuring that clients’ hard-earned money is not exposed to malware or other forms of cybercrime.
Money never sleeps, and the key to success is to stay abreast of any changes that occur anywhere in the world of forex trading. For this reason, Astro Holdings has created a sophisticated and powerful mobile application that allows you to place your trades anytime and anywhere.
This app is available for both IOS and Android operating systems, which means that you don’t have to worry about compatibility with your device.
Comprehensive forex education:
As mentioned, the best traders stay ahead of any changes, and this is only possible if you are well educated and well informed about the forex market and about trading in general.
For this reason, every Astro Holdings client gets a wealth of free educational materials offered in the form of articles, ebooks, videos and – most importantly – one-on-one training sessions with some of the most talented and experienced forex traders and educators in the country.
Powerful trading tools:
Besides tight spreads and more competitive pricing, you can also take advantage of a wide range of powerful trading tools from Astro Holdings.
From daily market updates to key trading signals, these tools give you all the information you need to make the best and most informed decisions. Astro Holdings’ Account Manager will guide you through each of the tools and explain how to read, interpret and implement the information provided by those tools.
Wide range of tradable assets:
While FOREX is a standout offering at Astro Holdings, the company also offers 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 lay their eggs in multiple baskets and make smart diversification decisions. Hence, even if forex is your preferred trading asset, your best strategy is to supplement forex with some of the other asset classes just mentioned.
In short, the forex market is the largest worldwide, attracting traders from many different countries and cities.
From its powerful trading platform and app to robust security and comprehensive trading education, Astro Holdings is perhaps the best UK online forex trading platform for beginners, veterans and everyone in between.