There are so many investment opportunities available in the world today. People can buy stocks, futures and bonds, they can join mutual funds and hedge funds, and they can even invest in volatile crypto currencies. However, one investment method has been used throughout history which has a great potential in creating wealthier which is stable, safe and secure – and that is foreign exchange, or forex for short. Foreign exchange has been known since the introduction of currencies and one can benefit from it if they have a foreign currency that has a very high value, then trading it for local currencies. People who are working in a wealthy, foreign country who originated from a developing country can take advantage of foreign exchange. If the cost of living back in their homes are low, each remittance that they send back home can be used for so many things, making them wealthy in the eyes of the locals. This same principle applies to investors who wanted to take advantage of the fluctuating prices of currencies. They can keep some US dollars for example and wait for the value of the currency to become higher, and then trade it if the price is high enough. Foreign exchange is similar to the stock market, but the difference is that the one being traded with foreign exchange are currencies which represent the economy of an entire country, and not just the performance of a single corporation.
Foreign exchange trading has become one of the most popular choices for investment. The lifestyle in the 21st century has changed, and people are looking for methods on how to do foreign exchange trading through their mobile devices. AvaTrade is a tech company which introduced a mobile application that is chosen by many when it comes to foreign exchange. People who downloaded the application stated how reliable and convenient it is. AvaTrade was established in 2006 by a group of dedicated and passionate entrepreneurs named Emanuel Kronitz, Negev Nosatzki, and Clal Finance. They wanted to raise awareness on why it is important to invest, and they integrated all investment procedures on their application to make trading and other processes easier. They are currently headquartered in Dublin, Ireland, and AvaTrade managed to help thousands of people from around the world.