The Basics Of Currency Trading
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Risk reward ratiomonth
1 - month
Subscription
Up to 5 signals daily
76% success rate
Entry, take profit & stop loss
Amount to risk per trade
Risk reward ratiomonth
3 - month
Subscription
Up to 5 signals daily
76% success rate
Entry, take profit & stop loss
Amount to risk per trade
Risk reward ratiomonth
Most popular
6 - month
Subscription
Up to 5 signals daily
76% success rate
Entry, take profit & stop loss
Amount to risk per trade
Risk reward ratiomonth
Lifetime
Subscription
Up to 5 signals daily
76% success rate
Entry, take profit & stop loss
Amount to risk per trade
Risk reward ratioSeparate Swing Trading Group
Up to 5 signals daily
76% success rate
Entry, take profit & stop loss
Amount to risk per trade
Risk reward ratiomonth
Currency trading is on a gripping ride with no signs of stopping soon. But how much do you about currency trading? Perhaps, you might have heard about it or even considering to start trading. Therefore to ensure that you don’t get yourself into a world of the dark with your money, here are the basics you should know.
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Leverage max
Currency Pairs
Classification
Mobile App
Rating
Total cost
$ 0
Commission
3.5
Min.Deposit
$100
Spread min.
Variables pips
Leverage max
100
Currency Pairs
40
Trading platforms
Funding Methods
Regulated by
FCA
What you can trade
Forex
Indices
Actions
Cryptocurrencies
Raw Materials
Average spread
EUR/GBP
-
EUR/USD
-
EUR/JPY
0.3
EUR/CHF
0.2
GBP/USD
0.0
GBP/JPY
0.1
GBP/CHF
0.3
USD/JPY
0.0
USD/CHF
0.2
CHF/JPY
0.3
Additional Fee
Continuous rate
Variables
Conversión
Variables pips
Regulation
Yes
FCA
No
CYSEC
No
ASIC
No
CFTC
No
NFA
No
BAFIN
No
CMA
No
SCB
No
DFSA
No
CBFSAI
No
BVIFSC
No
FSCA
No
FSA
No
FFAJ
No
ADGM
No
FRSA
71% of retail investor accounts lose money when trading CFDs with this provider.
Rating
Total cost
$ 0
Commission
0
Min.Deposit
$100
Spread min.
- pips
Leverage max
400
Currency Pairs
50
Trading platforms
Funding Methods
Regulated by
CYSECASICCBFSAIBVIFSCFSCAFSAFFAJADGMFRSA
What you can trade
Forex
Indices
Actions
Cryptocurrencies
Raw Materials
Etfs
Average spread
EUR/GBP
1
EUR/USD
0.9
EUR/JPY
1
EUR/CHF
1
GBP/USD
1
GBP/JPY
1
GBP/CHF
1
USD/JPY
1
USD/CHF
1
CHF/JPY
1
Additional Fee
Continuous rate
-
Conversión
- pips
Regulation
No
FCA
Yes
CYSEC
Yes
ASIC
No
CFTC
No
NFA
No
BAFIN
No
CMA
No
SCB
No
DFSA
Yes
CBFSAI
Yes
BVIFSC
Yes
FSCA
Yes
FSA
Yes
FFAJ
Yes
ADGM
Yes
FRSA
71% of retail investor accounts lose money when trading CFDs with this provider.
Rating
Total cost
$ 0
Commission
6.00
Min.Deposit
$10
Spread min.
- pips
Leverage max
10
Currency Pairs
60
Trading platforms
Funding Methods
What you can trade
Forex
Indices
Cryptocurrencies
Average spread
EUR/GBP
1
EUR/USD
1
EUR/JPY
1
EUR/CHF
1
GBP/USD
1
GBP/JPY
1
GBP/CHF
1
USD/JPY
1
USD/CHF
1
CHF/JPY
1
Additional Fee
Continuous rate
-
Conversión
- pips
Regulation
No
FCA
No
CYSEC
No
ASIC
No
CFTC
No
NFA
No
BAFIN
No
CMA
No
SCB
No
DFSA
No
CBFSAI
No
BVIFSC
No
FSCA
No
FSA
No
FFAJ
No
ADGM
No
FRSA
Your capital is at risk.
Rating
Total cost
$ 0
Commission
0.1
Min.Deposit
$50
Spread min.
- pips
Leverage max
500
Currency Pairs
40
Trading platforms
Funding Methods
What you can trade
Forex
Indices
Actions
Raw Materials
Average spread
EUR/GBP
-
EUR/USD
-
EUR/JPY
-
EUR/CHF
-
GBP/USD
-
GBP/JPY
-
GBP/CHF
-
USD/JPY
-
USD/CHF
-
CHF/JPY
-
Additional Fee
Continuous rate
-
Conversión
- pips
Regulation
No
FCA
No
CYSEC
No
ASIC
No
CFTC
No
NFA
No
BAFIN
No
CMA
No
SCB
No
DFSA
No
CBFSAI
No
BVIFSC
No
FSCA
No
FSA
No
FFAJ
No
ADGM
No
FRSA
71% of retail investor accounts lose money when trading CFDs with this provider.
What’s Currency Trading?
How Currency Trading Works
The markets work 24 hours except that they close only from Friday evening until Sunday evening. Currency trading includes three sessions that include Asian, European, and the US. The currencies in the various markets trade during their market hours. For instance, traders with pairs on the dollar find their volume in the US trading session.
Trading is done in different sized lots, and the micro-lot is merely 1,000 units of a currency. It means that if you fund your account in US dollars, then a micro lot will represent $1,000 of the base currency. There’s also a mini which is 10,000 units and a standard lot at 100,000 units.
Traded Products
When compared with stocks, currency trading has far fewer products. The forex market has only 18 currency pairs; however, there’re several other pairs included. The most currencies traded in the forex market include;
- USD (dollar)
- EUR (euro)
- The CAD (Canadian dollar)
- NZD (New Zealand dollar)
- Swiss franc (CHF)
- GBP (British pound)
- JPY (Japanese yen)
- AUD (Australian dollar)
Fewer trading products, however, can make trading as well as portfolio management a bit a more straightforward task – but not really the general forex trading.
Pips and Pairs
A pip is the smallest increment of trade, and it typically represents 1/100 of 1%. Trading in micro-lots makes losses a bit easier to manage when a trade is not producing intended results.
Things that Move Currency
Most forces that drive the stock markets also are behind moving the currency market. It’s the main reason as to why stock traders make interest in both worlds.
The most significant force is supply and demand. When the dollar is much in demand, its value increases, and when a lot of them are in circulation, its price drops.
The other factors that move the currency markets include such like the interest rates, political stability of a nation, and the new economic data from largest countries.
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The Bottom Line
Trading forex cannot be suitable for every individual because it involves considering a lot of risk appetite as well as the investment levels. Getting a winning experience in forex trading marks the beginning of profits; unfortunately, it requires a lot of experience. Nevertheless, for a start, a bit of the basic in forex trading is essential in your forex trading journey.
