Foreign Exchange
The foreign exchange market is the place where currencies are traded. The foreign exchange market is the largest, most liquid market in the world with an average traded value of approximately US$1 trillion to $1.5 trillion per day and individuals are becoming increasingly interested in it. It is sometimes called “Forex” or “FX” market. Margin Foreign Exchange trading allows you to access the global twenty-four hour interbank foreign exchange market as an individual or private company with small transaction sizes.
OMFinancial provides facilities for the purchase or sale of currencies for use in connection with a trade or business or for other commercial purposes, and not for the purpose of investment of speculation.
Foreign Exchange Options specify a foreign exchange contract and give the owner the right but not the obligation to enter into the specified contract with the seller during a pre-agreed period of time. The option owner exercises this right when it is to his/her advantage.
How long are positions maintained?
As a general rule, a position is kept open until one of the following occurs:
1) realization of sufficient profits from a position;
2) the specified stop-loss is triggered; or
3) another position that has a better potential appears and you need these funds.
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