What is Forex?

The operational principle of the market is quite simple. Forex is a global virtual space for trades.
Market participants are national and commercial banks, insurance companies, investment
funds, brokerage firms and private investors acting as sellers or buyers of various currencies.

Trading in the market continues 7 days a week 24 hours a day, excluding holidays. During
trading, the degree of supply and demand is constantly changing, due to this, the value of
currencies also changes. The change in the price of a particular currency depends on the
amount of other currencies offered for it.

For example, a transaction for the sale of 1 euro for 1.1769 dollars has just been completed,
and in a second there will be a new transaction for the sale of 1 euro for 1.1767 dollars, this
means that for a second the euro rate has decreased by 2 pips. This price change is reflected in
the fourth digit of the quote after the decimal point.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

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