Trading Products
HubuFX provides a wide range of trading products. The forex market is a global, decentralized market where currencies are exchanged. Unlike a stock market, for instance, there is no centralized exchange or single entity that facilitates the exchange of currencies. Instead, the forex market operates 24 hours a day, 5 days a week.
This is because the four primary financial centers have overlapping time zones, allowing for continuous trading. In other words, the forex market is always active, providing ample opportunities for traders to buy and sell currencies.
Types of Currency Pairs
- Majors. There are eight major currencies in the world. However, there are just seven major currency pairs.
- Minors. Minors, aka cross pairs, are combinations of major currencies that do not include the USD as the base or quote currency.
- Exotics. Exotics are pairs that consist of one major currency and a currency from an emerging nation.
Precious Metals
Gold, silver, palladium, and platinum are all traded in a similar way to currencies, with the counter-value usually being in USD. These precious metals have a rich history as the basis for money, but today they are mainly traded as a way to diversify portfolios and hedge against inflation. With our trading platform, traders and investors can easily buy and sell these precious metals.
Gold is the most popular of these commodities, offering high liquidity and the ability to trade it through CFDs for significant leverage and measured risk. Platinum, palladium, and silver are also important due to their industrial applications and use in jewelry manufacturing. By adding these precious metals to your portfolio, you can benefit from their unique properties and potential for growth.
Benefits of Trading Precious Metals
- Hedge against inflation, having intrinsic value, no credit risk, a high level of liquidity, bringing diversity to a portfolio
- Low market volatility and risk. The aspect of investing in precious metals that makes it so appealing to many investors is the low risk and minimal market volatility. While it’s impossible to rule out the potential for market volatility, most precious metals— gold, in particular— are recession-proof and operate separately from stocks and bonds.
- Tangible Products. As precious metals are tangible, they also offer simple liquidity. When you decide it’s time to sell, you work with your broker and custodian to make it happen; there’s minimal red tape and fanfare. This feature also contributes to its value as a safe haven investment.
Commodities
Commodity trading involves buying and selling various commodities and their derivatives products. A commodity is any raw material or primary agricultural product that can be bought or sold, such as wheat, gold, or crude oil.
Commodities come in many forms, including agricultural products like wheat and cattle, energy products like oil and natural gas, and metals like gold, silver, and aluminum. There are also “soft” commodities, which cannot be stored for long periods of time. These include sugar, cotton, cocoa, and coffee. By trading in commodities, you can diversify your portfolio and take advantage of the unique opportunities offered by these markets.
Benefits of Trading Commodities
- Protection against inflation, As the demand for goods and services rise, it leads to an increase in the price of the goods and services as the cost of the raw materials i.e. commodity increases.
- Hedge against risky geopolitical events.
- Prices are transparent, and liquidity guarantees that the proper prices are offered. Since these contracts are regulated, it is easy to compare pricing in different marketplaces around the world.
Cryptocurrencies
Cryptocurrency is a digital currency that is designed to be used as a medium of exchange. Unlike traditional currencies, it is not controlled by any central authority, such as a government or bank. Instead, it operates through a computer network and is secured by cryptography, making it difficult to counterfeit or double-spend.
Many cryptocurrencies are based on blockchain technology, which is a distributed ledger enforced by a network of computers. This decentralized structure allows for greater security and transparency in transactions. By trading in cryptocurrencies, you can take advantage of this innovative and rapidly growing market.
Some of the most popular cryptocurrencies include Bitcoin, Ethereum, Tether, Cardano, Binance Coin, Solana and more. You can find a list of the available coins for trading at HubuFx here.
Benefits of Trading Cryptocurrencies
- Decentralization, cryptocurrencies are decentralized, meaning that they are not controlled by any central authority like banks or governments. This means that you have more control over your money.
- Anonymity: Cryptocurrencies offer a high degree of anonymity when making transactions. This is because transactions are not linked to your personal information.
- Accessibility: Cryptocurrencies can be traded 24/7 from anywhere in the world.
- Low transaction fees: Cryptocurrency transactions typically have lower fees than traditional banking transactions.
- High potential return: Cryptocurrencies are known for their high volatility, which means that there is a potential for high returns on investment.
However, it’s important to note that trading cryptocurrencies also comes with risks such as high volatility, lack of regulation and security concerns.
