Forex
Tap into the world’s largest financial market and exchange over 70 currency pairs.
Leverage 1:400
What is Forex?
Forex, short for Foreign Exchange (also known as FX), is the largest and most liquid financial market in the world, with an average daily trading volume of around $5 trillion. Unlike traditional stock markets, Forex operates 24 hours a day, five days a week, giving traders the flexibility to buy and sell currencies around the clock.
Currency prices in the Forex market are influenced by a wide range of factors, including geopolitical developments, central bank policies, economic data, and market speculation. Participants in this global marketplace include central banks, hedge funds, multinational corporations, and individual traders.
Flexible Solutions
Tips on Forex
- Open 24 hours, 5 days a week
- World's largest market
- Deep liquidity
- Tight spreads
- Fast execution
- No hidden charges
Flexible Solutions
Tips on Forex
- 1 CFD FX lot has a notional value of 100,000
- Currencies are always traded in pairs
- The first currency in a pair is known as the 'base currency'
- The second currency in the pair is known as the 'quote currency'
Forex Trading Examples
#1 EURGBP
Selling EUR/GBP means you’re selling Euros and buying British Pounds (Sterling).
- Suppose you sell 1 CFD lot at 0.9000. You're selling €100,000 and buying £90,000.
- If the price moves up to 0.9025, that's a 25-pip loss, which would cost you £250.
- However, if it falls to 0.8940, you gain 60 pips, resulting in a profit of £600.
#2 EURUSD
When trading EUR/USD, buying means you’re purchasing Euros while simultaneously selling US Dollars.
- Let’s say you buy 1 CFD lot of EUR/USD at 1.1800. This means you are buying €100,000 and selling $118,000.
- If the price rises to 1.1850, that’s a gain of 50 pips. Since 1 pip in a standard lot is typically worth $10, your profit would be $500.
- If the price drops to 1.1785 instead, that’s a 15-pip loss, equating to $150 in losses.