In line with Piggy’s thrust to promote investment platforms that enable individuals and households to have access to various investment products, piggybankadvisor.com has partnered with IronFX. Piggybankadvisor.com is now an authorized Introducing Broker (IB) for IronFX, anaward-winning Global Leader in Online Trading that has 10 trading platforms and over 200 tradable instruments in forex, spot metals, futures, shares, spot indices and commodities. This means retail investors on the piggybankadvisor.com platform can now benefit from trading functionalities offered by IronFX. The trading applications are downloadable on PCs, iPads/tablets, smart phones (Black Berry, Android, Apple OS).
The world is changing at an alarming rate and we now live in what is called the “information age”. In addition, financial markets have deepened, with new instruments being introduced and traded, from ETFs, REITs, commodities, indices to equities. At the heart of this revolution, is the foreign exchange (FX) market. Piggy believes that FX trading is where we find technology and global finance perfectly converging and that we can no longer afford to ignore forex anymore! Technology enables “anyone, anywhere”, who has an internet connection, to have access to the global FX market. The growth and popularity of FX market can largely be attributed to the unique characteristics of the market itself;
- The FX market represents the largest asset class in the world in terms of liquidity averaging about USD 5.1 trillion per day;
- It is a continuous market, operating 24 hours a day – except weekends. The fact that forex currency trading has no centralised marketplace means that currencies can be traded at any given time, creating a great opportunity for traders to buy and sell currencies around the clock 24 hours a day, 5 days a week;
- It is the only market closest to the ideal of perfect competition, notwithstanding currency intervention by central banks. The foreign exchange market spans the globe, with prices moving and currencies traded somewhere every hour of every business day;
- The FX market has high volatility and low margins of relative profit compared with other markets of a fixed income nature; and
- The market makes use of leverage to enhance profit and loss margins. Leverage, if properly used, can be a profitable means of investing.
Overall, retail investors have an opportunity to start by opening a Free Demo Account where they can test their trading strategies before they can fund the account and move into Live Trading. Open a Demo Account today in three simple steps by following the link; https://www.ironfx.com.bm/en/register?utm_source=13073443&utm_medium=ib_link&utm_campaign=IB
Also join a WhatsApp-based social trading group by contacting the Administrator on 078 358 4745
Join a piggybankadvisor.com WhatsApp based social trading group today by following the link; https://chat.whatsapp.com/GOqNASPbCFWEyNDb5AWG28
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