Create investment opportunities
in the largest market in the world
Benefits of investing in forex market with PSS
- Simple and easy access to the market
We make account opening, deposit and withdrawal procedures as simple as possible.
- Real-time back office
PSS provides transparent real-time reports on all your trading activity.
- Tight spreads
We offer competitive spreads, enabling us to maximize potential profits for our customers.
- Price improvement
At PSS, 82.7% of all orders have settled at a better price for customers.
- Fast and consistent trades
With automated trading and settlement system, our customers trade quickly and efficiently.
- Adjustable leverage
Our customers can change leverage even for open positions for flexible margin requirements.
- One-Click Trading
You can trade directly from a chart with one click based on your predefined volume.
- Hedge Trade
You can place a new position in the opposite direction to an existing position to be neutral on market volatility.
- Trailing Stop
Your trading system allows you to safeguard profits automatically as the market moves in your favor.
- Auto Trading
You can easily develop your own auto trading algorithm directly from your trading platform.
- Trading Signals
You can copy trades of an experienced traders in real time.
FAQ on forex Trading
What is the definition of forex market?
The foreign exchange market, also known as forex or FX, is where financial institutions facilitate the buying and selling of foreign currencies. It is referred to as the closest market to the perfect competition, notwithstanding the market manipulation by central banks. The forex market is known to be a volatile and liquid market with a strong trend and high leverage up to 500. In 2019, the global forex market turnover was estimated over Kr6 Trillion per day.
What are the basics in forex trading?
Forex transactions are generally transacted OTC (over the counter). This means that these transactions are directly exchanged between two parties and not on a stock exchange. Trading times generally start on Sunday at 10:00 PM (UTC) and only end on the following Friday, also at 10:00 PM. Forex transactions can therefore take place at almost every time of day and night.
Currencies are essentially always traded in pairs. The first currency in a pair is referred to as the base currency and the second is the quote currency. The type of transaction (buy/sell) always relates to the base currency.
From a technical perspective, this always involves 2 opposing transactions.
For example, if a buy is transacted for the EURUSD currency pair at a price of 1.12509, this involves buying the EUR and simultaneously selling the USD.
The term pip is often also used in this respect. Pip (percentage in point) is a unit in exchange trading in which the price change of a currency pair is indicated. As a rule, a pip is the smallest possible price change of the 5th digit of the presented price.
For example, this corresponds to a price change from 1.12010 to 1.12020 for the EURUSD currency pair and, for the EURJPY currency pair, a price change from 114.010 to 114.020.
Another important criterion in currency trading is the size of the position. The term lot is often also used in this respect. A lot is the standard volume in foreign exchange trading and consists of 100,000 units of the base currency.
For example, trading 1 lot in the EURUSD currency pair corresponds to a position size of EUR 100,000.00.
However, smaller positions can generally also be traded, e.g. 0.01 lot.
For example, if a position of €1,000.00 is traded in the EURUSD currency pair, 0.01 must be made for the position size.
What are major currencies traded in forex market?
US Dollar (USD)
Known as the United States dollar
Accounts to 86.3% of all global forex transactions
The most common investment currency in the International Capital Market
Central banks hold the Euro as reserve currency the most
The most used currency in the Commodity Market
Known as the European Union Euro
Accounts to 37% of all global Forex transactions
Used by 17 of the 27 EU member states EU
The second largest reserve currency as well as the second most traded currency in the world including more than 150 million people in Africa, over 175 million people worldwide use currencies which are pegged to the Euro.
British Pound (GBP)
Known as the Great Britain Pound
Also known as Cable or Sterling
Accounts to 15% of all global forex transactions
Used by 16 of the 27 EU member states
The fourth most traded currency in the foreign exchange market, after the US dollar, the Euro and the Japanese yen
Swiss Franc (CHF)
Known as the Switzerland Franc
Accounts to 16.8% of all global forex transactions
The only version of the Franc still issued in Europe
Japanese Yen (JPY)
Known as the Japanese Yen
Accounts to 16.5% of all global forex transactions
The third most traded currency in the foreign exchange market, after the US dollar and the Euro
Who are major market participants in forex market?
Banks are the biggest participants in the foreign exchange market and account for almost 2/3 of all foreign exchange transactions. These banks earn profits by catering both the majority of commercial currency exchange and large amounts of speculative trading every day.
Multi-national Companies with global branches, under the foreign exchange market, require foreign currencies in their course of doing business or making investments elsewhere.
Central Banks play an important role in the foreign exchange markets. They regulate the money supply, inflation, and/or interest rates, and often intervene officially or unofficially to control their currencies. They can use their often substantial foreign exchange reserves to stabilize the market. The mere expectation or rumor of central bank intervention might be enough to stabilize a currency, but aggressive intervention might be used several times each year in countries with a float currency regime.
Hedge Funds have gained a reputation for aggressive currency speculation since 1996. They control billions of dollars of equity and they can also borrow billions more, and thus may overwhelm intervention by central banks to support almost any currency, if the economic outlooks are in favor.
Investment Management Firms
Investment Management Firms typically manage large accounts on behalf of customers and use the foreign exchange market to facilitate transactions in foreign securities.
Forex Brokers act as intermediaries between banks by providing information on how dealers can get the best prices in the foreign exchange market.
Trading in forex should be limited to risk capital, and the off exchange foreign currency market contains some unique risks, but for sophisticated traders, it can provide the opportunity to profit from a very active global market.
Market volatility, volume and system availability may delay account access and trade executions.
Educational resources are provided for general information purposes only and should not be considered an individualized recommendation or advice.
Forex trading involves leverage, carries a high level of risk and is not suitable for all investors.
Forex accounts are not protected by the Investor Protection Corporation (IPC).
Forex trading exposes you to risk including but not limited to market volatility, volume, congestion, and system or component failures which may delay account access and forex trade executions. Prices can change quickly and there is no guarantee that the execution price of your order will be at or near the quote displayed at order entry. Delays in account access and execution at a different price is more likely to occur in conditions such as a fast-moving market, at market open or close, or due to the size and type of order.
International investments involve special risks, including currency fluctuations and political and economic instability.
This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.
PSS does not offer its services to persons residing in the United States of America.
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