Company
Lushforex is the Forex Education Division of Lush Lifestyles Pte Ltd.
Forex Trading
What is Forex Trading?
The foreign exchange market is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. FX transactions typically involve one party purchasing a quantity of one currency in exchange for another.
Today, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions.
The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnovers was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements. Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.
The foreign exchange market is unique because of:
- its trading volume
- the extreme liquidity of the market
- the long trading hours: 24 hours a day except on weekends
- the use of leverage (can borrow up to 100times of invested capital)
How do you profit from Forex Trading?
In the FX market, you buy or sell currencies. Placing a trade in the foriegn exchange market is simple: the mechanics of a trade are very similar to those found in other markets (like the stock markets), so if you have any experience in trading, you should be able to pick it up with ease.
The objective of Forex trading is to exchange one currency for another in the expectation that the price will change, so that the currency you bought will increase in value compared to the one you sold.
Common Concerns about Forex Trading
Forex trading is risky:
We will teach you strategies to minimize risk and maximize returns.
I have no time:
Market open 24 hours a day and 5 times a week. This will give you the flexibility to trade whenever you have the time.
I am always on the move. My office laptop or PC does not allow me to download any other software
Mobile phones with Windows applications allow you to download the trading platform into the phone. This allows you to trade anywhere provided you have internet connection.
I have little cash to spare:
Low minimum account opening amount as low as USD 500
Why should you choose Lushforex?
- We are affordable
- We are accessible
- We provide good support
