Nicosia, Cyprus (PRWEB) July 8, 2009
UFX Bank, the specialist online brokers to the Forex market announce the launch of their new commodity Forex pair; Oil/USD. Traders can now trade Oil against the USD at the click of a mouse. UFX Bank (http://www.ufxbank.com), who have already become a brand name amongst Forex traders both at a beginner and expert level, have built their brand on a very simple and quick execution turnaround. It is this simplicity that has shot this brokerage firm to the hearts and minds of traders across the globe.
UFX Bank who were offering instant execution on trades across five of the major currency pairs, as well as Silver and Gold against the dollar now offer traders the ability to trade Oil against the dollar.
Oil has always played a very crucial part in any trader's portfolio. There are many ways of investing in oil, including through the actual funding of oil exploration, funding through ETF's and mutual funds. These investment vehicles rely heavily on the performance of oil, through both speculation and supply & demand. This makes it a very risky business.Trading oil against the dollar however, means that the trader never owns the underlying asset but instead trades on the price movement. The trader, then, can profit whether the oil price rises or falls and can also take advantage of a volatile market movement.
UFX Bank's CMO, Michael Laurence is already seeing just how ready the market is for the trading of commodities against a major currency, "many people would like to get more involved in commodity trading without having the risk involved in buying that commodity, Forex trading offers the perfect tool for these traders to get more involved with this financial vehicle."
"We have realized that offering a clear, simple trading interface along with full technical charts means that executing an oil/USD trade could not be easier. We have had nothing but positive feedback from our traders since we introduced this new pair."
Provided with the most up-to-date charts and news feeds, paired with highly flexible and intuitive software, UFX Bank's clients are able to make quick and intelligent trades based on the supplied resources. The traders are given everything they need to make a fully educated trade. UFX Bank understand that software accessibility and human assistance availability are crucial in the Forex market. It is exactly why they use advanced and stable software and highly experienced dealers who are able to react immediately to changes in market environment.
Kate Leaman, Marketing Manager