TradeHawk trading steps
Learning how to trade any market can seem daunting, so we’ve set up this platform to make it accessible for everyone. Here are some of the most important reasons why it is worth investing with us.
1. We have the ability to go long or go short
While you can go short on other markets by using derivative products, short selling is an inherent part of trading forex. This is because you are always selling one currency (the quote currency) to buy another (the base currency). The price of a forex pair is how much one unit of the base currency is worth in the quote currency.
2. We work 24 Forex market hours
The forex market closes on Friday afternoon at 4pm EST and does not open again until 5pm EST on Sunday afternoon. However, because the market is only closed to retail traders (not central banks and related organizations), forex trading actually does take place over the weekend. This means that there can be a difference in price between Friday close and Sunday open – something we can take advantage of.
3. High liquidity in forex
The FX market is the most liquid market in the world, meaning there are a large number of buyers and sellers looking to make a trade at any given time. Each day, over $5.1 trillion dollars of currency is converted by individuals, companies and banks – and the vast majority of this activity is intended to generate a profit. The high liquidity in forex means that transactions can be completed quickly and easily, so the transaction costs – or spreads – are often very low. This creates opportunities for us to speculate on price movements of just a few pips.
4. Volatility creates trading opportunity
The high volume of currency trades each day translates to billions of dollars every minute, which makes the price movements of some currencies extremely volatile. You can potentially reap large profits by speculating on price movements in either direction. However, volatility is a double-edged sword – the market can quickly turn against you, as an investor at TradeHawk, we limit your exposure with risk-management tools.
5. Leverage can make your money go further
With TradeHawk, trading foreign exchange pairs is leveraged, which can make your money go further. Leverage in forex enables you to open a position on the currency market by paying just a small proportion of the full value of the position up front. For example, opening a trade on EUR/USD might require a deposit worth just 2% of the total value of the position. This initial deposit is referred to as margin. The profit or loss we make will reflect the full value of the position at the point it is closed, so trading on margin offers an opportunity to make large profits from a relatively small investment.
- Started:Jan 25, 2021
- Running days:40
- Total accounts:2147
- Visitors online:9