Foreign currency exchange
When you pay for something in a foreign currency the exchange rate you recieve can have a dramatic effect on the overall cost. If your timing is good you can save money, equally you may have to end up paying more because the prevailing exchange rate was against you.
There is nothing you can do to influence exchange rates, however the aim of a specialist currency brokers is to help you achieve the best rates you can and to make the process as easy as possible.
By using their foreign exchange 'Buying Power' forex brokers are able to pass on very competitive exchange rates that will hopefully save money when compared to currency exchange rates on offer from usual financial institutions.
Currency exchange rate
Once an exchange rate is agreed it is then fixed for you and the foreign currency is purchased on your behalf. Once the currency has been paid for it is transferred electronically to the recipient Bank Account, anywhere in the World.
Foreign currency exchange
The process is secure, using the International Banking system, and there are built in security measures for the protection of your funds.
Electronic money transfer
There are a comprehensive number of companies for both private individuals and Companies. Within the website we hope that you will find information to help you whether you need to exchange currency to buy a property abroad or you represent a company and need to make an international payment.
FOREX, FX, Foreign exchange
are much used terms describing trading currency in 'global money markets'.
FOREX - Foreign exchange market is the largest financial market in the world - due to the huge turnover. All currencies are traded in pairs, The rate at which currencies are exchanged one for another is called the currency exchange rate. GBP/USD exchange rate is 1.97 this means that one British pound is exchanged for 1.97 US Dollars.
Many web-based (online) Foreign exchange dealing platforms, allow you to trade Forex from a PC or WAP-enabled mobile phone giving you 24-hour access to global from anywhere in the world.
Trading FX with price monitoring tools, charts, live financial news and analysts trading notes (market news) is very sophisticated and available from many forex brokers online. Each trading platform may be slightly different, and many brokers offer simulator or demo trading platform so that you can 'try' fx trading without spending any money. Once you have the hang of it, you can open a live FOREX trading account and submit your deposit by debit card online.