The right broker eases the forex trading. Major forex currency pairs, exotic ones, along with a range of other assets should be offered by the broker.

WestGlobal is an award-winning trading platform that offers CFDs on forex currency pairs in major currencies such as JPY, USD, GBP and more.

With leverage, yes. The leverage system is one of the most important features of the Forex market. The higher ratio causes a higher risk. While the leverage can help the traders to get high profits, it can cause high losses as well. Reverse movements of the prices you may lose you deposit but the amount you lost will not be higher than the collateral you deposit. Leverage ratio can be maximum 1/200 by the law.

Investors use a broker as an intermediary, while making transactions in stock or futures market. The broker takes the order to the market in order to execute it for the investor’s behalf and takes a commission for the process.
Forex is a principal only market and Forex firms are dealers not brokers. The dealers undertake the market risks by serving to the investor’s trade as a counterparty. Instead commissions they earn their money through the spreads of buying and selling. As a matter of fact, it provides profit for the investors since some of the products do not have spread costs.

The Forex market has the highest volume in terms of world’s currency market so that it can affect the exchange rates of all currencies. Each currency is traded against another. For example, the US dollar can be traded as a pair against Japanese Yen. The majority of investors trade in seven most liquid currencies (the above ones are the majors), even though some of the dealers like to trade in exotic currencies like ZAR (South African Rand), TRY (Turkish Lira) etc.

EUR/USD (euro/US dollar)

USD/JPY (US dollar/Japanese yen)

GBP/USD (British pound/US dollar)

USD/CHF (US dollar/Swiss franc).

The three commodity pairs are also traded:

AUD/USD (Australian dollar/US dollar)

USD/CAD (US dollar/Canadian dollar)

NZD/USD (New Zealand dollar/US dollar)

These seven currency pairs contain 80% of the transactions in the market.

It is a form of digital money and can be exchanged for goods and services.

To be an alternative to traditional banking cryptocurrency was developed after 2008 financial crisis by a person whose nickname is Satoshi Nakamoto. In 2009, for describing the context, he published a report and he introduced the first and most famous currency, Bitcoin.

Thus, new cryptocurrencies appeared and these alternatives called Altcoin. There are more than a thousand altcoins today.

Bitcoin had more than %90 of the value of cryptocurrency market over the years. Although there are more than 3000 cryptocurrencies in the world.

Throughout time, cryptocurrencies outstripped all other financial assets, and it fired the inflow of the traders to the global crypto market. Cryptocurrency trading can be quite lucrative as the natural volatility found in crypto markets provides permanent opportunities to execute profitable trades.

W2FOREX provides up to 12,000 transaction opening speeds per second and a built-in advanced reliable platform, including multi-signature cold storage, mandatory Bitcoin whitelisting, hardware security modules.

The right broker eases the forex trading. Major forex currency pairs, exotic ones, along with a range of other assets should be offered by the broker.

Bitcoin Because of its originality, Bitcoin has the most reputation of all cryptocurrencies. Institutions or traders who accept cryptocurrencies as a payment method, tend to accept Bitcoin than others. This adoption is seen as the key of its long term success. Moreover, because it can be produced limited, it is called as “digital gold”. This scarcity in production indicates that Bitcoin will have an increasing value in the future.

Ethereum Ethereum was first announced in the North American Bitcoin Conference by the founder Vitalik Buterin. It is an innovative system that aims to develop and use block chain technology in more areas. Ethereum takes the cryptocurrency “Ether”(ETH) as a power source. The purpose is to create new softwares on the block chain system Bitcoin connected and this allows other altcoins to be formed.

Ripple It is a cryptocurrency developed by the Ripple Labs company in 2012. Ripple, one of the cryptocurrencies that has steadily gained value since its launch, has become an investment tool for many. Ripple was also briefly launched as a payment protocol.

It is written in C++ as a programming language. In the International Foreign Exchange market, Ripple is widely used in terms of money transfer. The Ripple company currently serves more than 300 financial institutions. It is a cryptocurrency protected by blockchain technology. The current version was released in 2018. Ripple also allows sending money over the internet. Currently, the original authors of this cryptocurrency are Arthur Britto, David Schwartz and Ryan Fugger. Ripple is one of the most trusted cryptocurrencies. It is a famous company with offices almost all over the world. Ripple cryptocurrency has its advantages. Accordingly, with this crypto money, you can transfer money internationally at low costs in a very short time.

Litecoin Litecoin was developed by Charlie Lee, a former Google employee who graduated from the Massachusetts Institute of Technology (MIT) in 2011. Although Litecoin has the same working principle as Bitcoin, there are some differences between them. Litecoin, which has the feature of being the first altcoin, emerged with the aim of transferring money at very low costs. It also offers more storage possibilities than other cryptocurrencies. This digital currency, which is traded in the open source block chain system and is not connected to any center, has an increasing value day by day.

Traders who do not have experience in risk management may face a loss of a capital. However, the risk can be minimized by using the tools offered by W2FOREX. Do not invest more than you can afford to lose.

Using CFDs while trading cryptocurrencies is a sensible solution. Trading with CFDs helps you to make transactions on cryptocurrency price movement without taking ownership of coins, so traders can profit from it on long and short positions.