Take your bite out of the world’s currency markets with a CFD – they’re worth 6 trillion dollars each day.
Why trade currency CFDs with Trade360?
What is Forex
Currency pairs fluctuate rapidly by fractions of a cent. To make the most of these, you need a broker with the risk orders in place to protect your investment. You’ll also need a healthy level of leverage to increase the significance of each movement. But beware – that leverage will enlarge your losses as well as your profits. Still, with most of the fluctuations generated by the news and public announcements, you’ll have chances to recognise the next trading opportunity. Simply do your homework, allow for time to learn and before you know it, you’ll be hooked on trading current affairs. Learn More
FOREX (FOReign EXchange) refers to the trading of one currency for another. The FOREX market includes all currency exchanges and counts for over 6½ trillion dollars a day in transactions. In forex trading, we invest in the relative exchange rates of currency pairs. The Euro-US Dollar, for example, is valued at the dollar exchange rate for one Euro. It’s worth the amount of dollars required to either buy or sell a Euro. That value rises and falls depending on supply and demand, which changes constantly. When you close the position, you will either claim the win & or lose the position. Learn More
FAQ’s: Currency CFDs
What is Forex?
Forex/foreign exchange or currency trading describes the act of buying one currency and simultaneously selling another. Speculators invest in the evolution of relative values between fixed currency pairs.
What kind of currencies can I trade?
Brokers differ in their offerings, but the vast majority will, at a minimum, offer pairings that involve the following currencies: U.S Dollar, British Pound, Euro, Japanese Yen, Australian Dollar, New Zealand Dollar, and Swiss Franc. Some brokers may offer a greater selection.
Are there currencies I will not be able to trade?
That too differs from broker to broker; however, most brokers do not have offerings on the Iraqi dinar, Vietnamese dong and a few other currencies. Also – conditions can arise that will force brokers to temporarily remove currencies from their list of offerings.
Are there fees for trading?
As a rule – most brokers will not charge a fee for the actual trades you perform on your account – their profit is derived from the spread (the difference between bid and ask prices), though you could be charged swaps/ rollover fees if you allow positions to remain open overnight.
What are the long and short positions?
A long or a buy position, means that the position will profit if the currency rate rises. A short or sell position means that the position will profit if the currency rate declines.
What are the activity hours of Forex market?
The Forex market is usually open between 22:00 GMT Sunday (when the Australian trading session begins) all the way to 22:00 GMT Friday (When the US trading session ends).