Trade CFDs on over 55+ major, cross, and exotic currency pairs, and benefit from the tightest spreads in the industry.

+ 0
Global currency pairs
From 0. 0 PIP
Tightest spreads in the industry

What is Forex?

The foreign exchange market, also known as “Forex” is a global market for exchanging national currencies. All forex trading transactions combined make up the largest and most liquid financial market, with an average daily volume of 7.5$ trillion.

Currencies trade against each other in exchange rate pairs, as OTC (over-the-counter) instruments, traded without being listed on an exchange.

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CFD Trading

Contracts for difference (CFDs) allow investors to trade on the market price movements, without having to purchase and exchange the underlying currencies.

FX is quoted in pairs, comparing the value of a currency to another. The first currency, is called a “base”, with the price always calculated in units of the second currency, called the “quote”.

What moves the FX Market?

Currency pairs are influenced by several factors, starting from the well-known supply and demand. However, there are other macro forces at play, such as the economic outlook and geopolitical events in that region, as well as news data releases.

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Forex Frequently Asked Questions (FAQ)

Forex trading refers to the buying and selling of currencies against each other. It’s usually a decentralized network consisting of buyers and sellers of currency pairs. Forex trading is a popular hedging instrument for major companies around the world but the majority of trading done is purely speculative in nature and to potentially generate profits.

With CFI, you can trade 59 of the most popular Forex pairs available. These include major pairs such as EUR/USD and GBP/USD, as well as minor pairs such as EUR/CHF and CAD/JPY, and Exotics such as DKK and NOK.

The smallest size available is 0.01 lots, corresponding to 1000 units of a currency pair. Such a size allows for powerful flexibility for those looking to scale into positions or trade with reduced risk.

The Forex market is vast and heavily influenced by many factors given its importance among people, companies, and governments. The main movers of the Forex market are Central Bank decisions and announcements, economic releases, and geopolitical situations.

Forex trading became a hit over the past 20 years given its vast size, the fact that it trades 24 hours a day, 5 days a week, and the leverage and flexibility available, allowing nearly anyone to be able to participate and speculate on it. In other words, it’s a market filled with opportunities and available to the masses.

While there is no guarantee that you will make money in the markets, if you apply the proper approach to trading, you can make money, similar to any other profession or business ownership.

There is no best way to trade Forex or any market for that matter. Nonetheless, it is always important to have a strategy and clear risk parameters when trading. A strategy should include technical and fundamental analysis while risk management should focus on position sizing as well as losses, and targets