What is Forex Trading
In today’s world of global finance, Forex trading allows you to take a position in the money markets by trading currency pairs, deciding whether one currency will rise or fall in value when compared to the other. FX traders try and calculate whether their chosen currency (the base currency) will appreciate or depreciate against the other currency in the pair (the counter currency) and can buy or sell their chosen currency depending on their calculations.
For example, if I decide to trade Cable (GBP/USD) and reckon that Sterling will appreciate against the Dollar, I’ll buy Sterling with the aim of selling it later at a higher price. If GBP does subsequently gain at USD’s expense, I’ll have made a profit. If GBP falls against USD and I decide to close my trade at this point, I’ll have made a loss.
Global Trading, Global Opportunities
Whatever the time of the day or night in the place you’re based, during the financial week Forex markets are open on a 24-hour basis. Bad GDP figures out of the Euro zone? A serious ministerial reshuffle in the UK? The discovery of a new natural-gas field in the Mediterranean? A real-estate boom in China? These are just a few examples of the sort of events which can influence the direction of the currency markets.
When you trade Forex with ETX Capital, you get access to over 50 different FX options, from the most frequently traded currency pairs like Cable, EuroDollar and Dollar-Yen, all the way to rarer pairs such as Dollar-Rouble, Euro-Kroner and AUD/Swiss Franc. Open an account today and trade the world with ETX Capital.
Trillions Traded Daily
No, you didn’t misread the title – not millions, not billions, but trillions of dollars worth of Forex trades are conducted on a daily basis. Open an account with ETX Capital today for your chance to access the action.
With significant leverage available on Forex pairs, traders can take a position in the currency markets which is far larger in size than the amount they have able to trade with. Leverage does come with a risk of losing more money than one puts in – but on the other hand, there’s also a possibility of making a significant profit worth many times the original investment.
Leverage means that the big trades aren’t just open to the big players. It allows trading minnows to punch well above their weight and embrace a high risk – high reward strategy which has the potentially to be lucrative.
Apply for an account with ETX Capital today in order to take advantage of the full range of leverage opportunities on offer.
Choose How to Trade FX
There’s more than one way to trade Forex. At ETX Capital you can trade currency pairs via any of four different platforms; ETX Trader, ETX TraderPro, ETX MT4 and ETX Binary, each with its own benefits. For more detailed information on the different platforms offered by ETX Capital, check out the platform page on the ETX website.