Forex (Foreign Exchange)

 

With daily transaction amounting to US$2.3 trillion daily, the foreign exchange (Forex) market is the world’s largest and most liquid financial market.  The volume and liquidity of this market implies investors do not need to be concerned about not being able to square off their positions.
 

Trading in Forex involves a combination of 2 currencies, in which one will be a long (bought), and the other a short (sold). For example, if you believe the USD will weaken against the JPY, you will sell the dollar-yen. Doing this means that you are simultaneously selling the USD while buying the JPY.
 

Trade on OngForex, a robust, feature-rich platform that combines ease of use, flexibility and a wide suite of professional charting and order management tools, all on a single screen. In addition, OngForex puts you in total control of your trading experience, allowing you access to real time market information.