Forex - A Definition
Forex is short for foreign exchange. When one speaks of a forex profit or loss, he is talking about the increased or decreased value of an investment caused solely by currency movements.
The Forex Market
The Forex market is a non-stop cash market where currencies of nations are traded, typically via forex brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and forex traders' investments increase or decrease in value based upon currency movements.
Check out the current interbank rates live on HiFX Marketwatch.
Fact!
The forex market is considered to be the largest and most liquid financial market in the world, with trillions of US dollars worth of transactions made across the globe, everyday.
Forex & You
Every day, thousands of people across the world make international money transfers for a number of reasons. Whether you are buying international property, emigrating, purchasing a high value asset such as yacht or car abroad, or even making regular international money transfers for a pension or mortgage, you’ll need to speak to a forex expert.
Every year the forex experts at HiFX help over 30,000 people buy and sell currency. We are also trusted by over 2,000 corporate clients.
We provide:
- A personal, friendly and cost effective service from a forex dealer who can explain the whole process in jargon free plain English and talk you through exchange rate movements.
- Highly competitive forex rates which can be guaranteed for up to 2 years ahead.
- Free transfer of funds abroad.
- Direct access to forex market intelligence and real time exchange rate information.
- Fast and seamless international money transfers for any currency.
Still confused about forex? Don't panic! We have a team of dedicated specialists who will happily explain the various strategies you’ll need to consider when you transfer money abroad.
If you would like further information on our forex services, please call us on 01753 859159 or alternatively click here to have one of our representatives call you at your convenience.
Learn more about the Forex market and how forex trading works at HiFX.
Find out about the benefits of using Forex brokers when transferring large amounts of money abroad.