Welcome to Currency Trading

HFX is proud to welcome you to the world of currency trading in today’s Forex market.  This exciting and rapidly growing Foreign Exchange Market has allowed individual investors and large financial institutions to meet their financial objectives in almost every trading environment.  Easier accessibility, increased capital, and recent economic events have resulted in a highly active trading market. Currency investors consider this particular market to be an especially ideal trading platform for substantial monetary returns.  A good understanding of currency trading and effective strategies are important factors that can enhance currency trading performance.     

The Foreign Exchange Market

The Foreign Exchange Market is the world’s largest financial market, and is commonly referred to as FX, Forex, or the currency market.  Today’s system of trading currencies was created in 1970, at a time when global currencies had set values.  This new system of trading was designed to allow currencies to have value flexibility when traded with, or compared to another country’s currency.  For example, if the United States Dollar (USD) is relatively more attractive than the Euro (EUR) currency, it will become more demanded by traders and appreciates in value.  Subsequently, each United States Dollar will be able to purchase more of the Euro. 

How traders valuate a country’s currency is based on several macroeconomic factors.  Some of these factors include overall economic health, monetary policy, anticipated Gross Domestic Product, inflation, and outstanding debt.  Some of the best long-term Foreign Exchange investors are individuals with a good grasp of economic and financial principles.

In recent years, the amount of daily capital being traded on the Foreign Exchange has dramatically increased to what’s equivalent to over 3 trillion United States Dollars.  The reason for this explosion of activity is due to the market’s unique decentralized characteristics.  Unlike most financial markets that have a specific base of operation, like New York City’s Dow Jones Industrial Index and the NASDAQ, currency trading occurs from multiple financial hubs located throughout the world.  London is considered to be the dominant currency trading center, with New York City and Tokyo also considered to have high trading volume. With improved communication technologies and widespread internet access, individual traders and financial investment firms can make instant trades in nearly every location.  In addition, the rules related to margin buying and short selling are less stringent, making the Foreign Exchange an attractive market for speculators and high risk traders.

Another reason for the market’s high popularity is the continuous trading activity that occurs throughout most of the week.  It opens Sunday, 22:00 GMT until Friday, 21:00 GMT. (GMT – Greenwich Mean Time) (GMT– Greenwich Mean Time)  Each country has certain times of increased trading activity, which often take place when multiple countries have their financial markets open at the same time.

HFX and Currency Trading

HFX provides the trading community with the latest and most comprehensive investing tools to enhance profit-making in today’s market.  We are a non-commission based brokerage firm, and generate our revenue through the “bid-offer spread”.  Also referred to as the “buy-sell spread’, this “spread” is the difference between how much is needed to purchase a specific currency or commodity, and the monetary amount that is received when selling that same currency or commodity.  What traders pay to purchase a broker’s “asking price” is always going to be slightly more than what is received when selling it. 

HFX provides our users with a simple, innovative, and advanced trading platform that has direct access to the currency exchange market.  This high level of accessibility ensures instantaneous trades without the need for middlemen.  It is important that traders avoid additional intermediaries, who will often unnecessarily inflate transaction prices.  Our live quotes and updated charts ensure that our investors always make informed trading decisions.