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Forex Trading

FOREX

CURRENCY PAIRS​

Currency Pairs (also known as Forex) basically means buying and selling currencies from around the world. It is one of the largest markets in the world, making more than $4 trillion in trades each day.

Currencies are traded in pairs and these pairs fall under three categories

The Majors are the most popular and most liquid pairs and always have the US dollar as one half of the pair. Examples include the EUR/USD and the USD/JPY.

The Minors are the pairs which do not include the US dollar, but contain the remaining major currencies; the EUR, JPY and GBP. The Minors have also been nicknamed ‘Crosses’. Examples include the EUR/CHF and the EUR/GBP.

The Exotics are not as widely traded as the Majors and Minor. These currency pairs are made up of a major currency pair coupled with the currency of a developing economy. Examples include the USD/HKD and the USD/NOK.

FOREX

WHY TRADE FOREX

There are many benefits and advantages of trading forex.
Here are some reasons why so many people are choosing this market.

No commissions

No clearing fees, no exchange fees, no government fees and no brokerage fees on Forex Trading.

A 24-hour market

The Forex market operates on a continuous basis 24/5 except on Saturdays and Sundays.

High Liquidity

Under normal market conditions, You can instantaneously buy and sell in the Forex market.

No fixed lot size

In spot Forex, you determine your own lot. This allows traders to participate with accounts as small as $25

Forex Contract Specification

Trading Hours​

Starting Sunday 22:00 and ending on Friday 22:00 GMT

Trade Margin Calculation

Position Contract Size / Leverage * Currency Pair Live Exchange Rate

Forex Rollover Rates/Swaps

Rollover rate is defined as the interest added or deducted for holding a currency pair position open overnight. These rates are calculated as the difference between the overnight interest rate for the two currencies that a Forex trader is holding whether they are long (buy) or short (sell) positions.

LIVE RATES

LIVE FOREX CROSS RATES

Forex Cross Rates displays real-time quotes of the selected currencies in comparison to the other major currencies at a glance.

HEAT MAP

LIVE FOREX HEAT MAP

Forex Heat Map gives a quick overview of action in the currency markets. It lets you spot strong and weak currencies in real-time & how strong they are in relation to one another.

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