Forex Brokers in Hungary

In Hungary, Forex trading is a popular form of investment and is regulated by the National Bank of Hungary (NBH) and the Central Bank of Hungary.

There are a number of Forex brokers based in Hungary, many of which offer a wide range of currency pairs, as well as other financial instruments such as commodities, indices and stocks. These brokers typically offer a range of platforms, including web-based, desktop and mobile, to suit the needs of different traders.

Forex traders in Hungary can take advantage of a number of benefits, including:

• Access to a wide range of currency pairs: Hungarian Forex brokers offer a wide range of currency pairs, including major and minor pairs, as well as exotic pairs.
• Advanced trading tools and platforms: Hungarian Forex brokers typically offer advanced trading tools and platforms, such as charting software and automated trading systems, to help traders make more informed decisions.
• Strong regulations: The NBH and the Central Bank of Hungary regulate the Forex market in Hungary, which helps to ensure that traders are protected from fraudulent activities.
• Access to news and research: Hungarian Forex brokers typically offer access to a wide range of news and research to help traders stay informed about the markets.

Overall, Forex trading in Hungary is a popular and well-regulated form of investment, with traders having access to a wide range of currency pairs, competitive spreads and advanced trading tools and platforms. It is important to note that all Forex brokers operating in Hungary have to be registered with NBH and Central Bank of Hungary.

What is Forex?



Forex is a shortened term used for "FOReign EXchange" (commonly known as FX), it is typically used to describe the process of buying and selling currencies. Forex is a global market for the trading of currencies, it is the largest market in the world, opened 24 hours a day from Sunday evening until Friday night. Forex is also the most liquid financial market, there is a huge trading volume: each day, more than 5 trillion dollars are exchanged, there are always a lot of trades.

Forex trading



Currency values rise and fall against each other due to a number of economic, technical and geopolitical factors. The common goal of forex trading is to profit from these changes in the value of one currency against another. All forex pairs are quoted in terms of one currency versus another, Forex trading is the act of simultaneously buying one currency while selling another. Each currency pair has a "base" currency and a "counter" currency. The base currency is the currency on the left of the currency pair and the counter currency is on the right. For example, in EUR/USD, EUR is the "base" currency and USD the "counter" currency. A forex trader will buy a currency pair if he expects its exchange rate will rise in the future and sell a currency pair if he expects its exchange rate will fall in the future.

What is a broker?



Traders must conduct their trading activities through a forex broker. A broker acts as an intermediary between the buyer and the seller involved in a forex transaction. They provide trading platforms that allow traders to buy and sell foreign currencies. Traders have to take the time to research and compare options to find the broker that best fits their needs.