As a child, I remember collecting coins and bank notes from my father, every time he would return from one of his trips abroad. The colors, the pictures, the name and sign of the currency - it would transport me to a different world - a place where I saw myself traveling to different countries around the world. As I grew, I did travel to many different countries and my collection of coins and bank notes of different currencies kept growing. This interest in collecting different currencies soon developed into studying the connection between one currency with another and very soon into the world of trading foreign currency or FOREX as it is called. My interest led me to ; a website, where I learned everything about Forex trading and started my trading activities from and have continued since. Risk disclaimer : Before trading, you should ensure that you fully understand the risks involved in leveraged trading and have the required experience. If anything remains unclear, do not hesitate to contact us. Competitive and transparent prices are at the core of what we do.
For a Buy 2 lots EUR/USD� position the transaction size is 200,000 EUR which corresponds to 220,000 USD, given a EUR/USD exchange rate of 1.10000. Considering that for a USD 100,000 transaction size commission is charged for both opening and closing the position at USD 5 each, for this transaction it will be: 2 x (5 x 220,000 / 100,000) = 22 USD. The commission fee is deducted from the account during the opening of the transaction for both the operations at once (opening and closing).
BookMyForex aggregates a list of forex quotes from different banks and currency exchange companies and provides you with the best rate available. Better rates are possible depending on the city that you're located in and the volume of your order. Please enter the details below and we'll contact you shortly.
Forex trading is a risky business and it takes some time to master the art of Forex trading signals. There are a number of fx signal providers but before you choose, you need to make sure you have done your homework. Always ask for the Free signals to deliver for 3 to 5 days and test those signals in your Demo Account.
Gain access to our comprehensive range of market news and analysis to plan your trading strategies, directly to your email. In forex trading, minor currency pairs or crosses are all currency pairs that do not include the USD on one side. The U.S. dollar is the most actively traded currency. The euro is the most actively traded counter currency , followed by the Japanese yen, British pound and Swiss franc.