Forex Trading
The Forex market is the largest financial market globally, boasting a daily trading volume exceeding $7.5 trillion. In Forex trading, currencies are paired together, allowing traders to predict which currency will appreciate or depreciate in value.
What is Forex Trading?
- Forex trading (also known as FX Trading or Currency Trading) is a global marketplace where currencies are exchanged at floating rates.
- The foreign exchange market (Forex or FX) operates off-exchange in a decentralized global marketplace.
- Currencies are traded 24 hours a day, 5 days a week.
How it works
- Forex trading involves buying one currency and selling another simultaneously
- The goal is to profit from the difference in their exchange rates.
- There is no physical delivery of currencies; traders are only dealing with the price movements (pips) of currency pairs.
- The most popular currency pairs, known as “majors”, account for the majority of Forex trading volume:
Major Forex Pairs
EUR/USD, USD/JPY, GBP/USD, USD/CHF
Why Trade Forex?
Trade with leverage
Trade the most liquid market in the world
Have access to a wide range of currencies
Go long or short in currencies
Trade 24 hours Sunday-Friday
Make use of high intraday volatility
How does Forex Trading Work?
When trading forex, you select a pair of currencies and base your trading decision on which currency’s price you think will rise or fall. Forex is traded in currency pairs, for example EUR/USD.
The first currency is called the ‘base currency’ and the second is the ‘quote currency’. Currencies are displayed showing how many units of the quote currency you can buy with one unit of the base currency. This is the exchange rate.
The first currency is called the ‘base currency’ and the second is the ‘quote currency’. Currencies are displayed showing how many units of the quote currency you can buy with one unit of the base currency. This is the exchange rate.
For example, EUR/USD 1.2344 shows us that 1 Euro = 1.2344 US Dollars.
When you’re ready to trade you will choose to go long or short. In the example above, going long means that you think that the value of the Euro will rise against the US Dollar. Going short means you think it will fall.
Start Trading Forex From 0.0 pips Today
US30 394833.90 (+0.93)
US30 391323.90 (-0.12)
US30 391467.90 (-0.35)
US30 354033.90 (+0.55)
US30 394346.90 (+0.76)
US30 391300.90 (-0.43)
US30 394833.90 (+0.93)
US30 391323.90 (-0.12)
US30 394833.90 (+0.93)
US30 391323.90 (-0.12)
US30 391467.90 (-0.35)
US30 354033.90 (+0.55)
US30 394346.90 (+0.76)
US30 391300.90 (-0.43)
US30 394833.90 (+0.93)
US30 391323.90 (-0.12)
US30 394833.90 (+0.93)
US30 391323.90 (-0.12)
US30 391467.90 (-0.35)
US30 354033.90 (+0.55)
US30 394346.90 (+0.76)
US30 391300.90 (-0.43)
US30 394833.90 (+0.93)
US30 391323.90 (-0.12)
US30 394833.90 (+0.93)
US30 391323.90 (-0.12)
US30 391467.90 (-0.35)
US30 354033.90 (+0.55)
US30 394346.90 (+0.76)
US30 391300.90 (-0.43)
US30 394833.90 (+0.93)
US30 391323.90 (-0.12)
