The Forex market provides traders the opportunity to trade 24 hours a day, 5 days a week in the world’s most liquid financial market. Traders can take advantage of the tightest spreads, superior execution, and deep liquidity across 43 currency pairs.
Foreign exchange trading involves trading one currency pair against another, predicting that one currency will rise or fall against another.
Example: Euro versus the US Dollar (EUR/USD).
The price of EUR/USD represents the amount of $USD that can be exchanged for €1.
EUR/USD = 1.09104
This means that currently, €1 is equal to USD $1.09104
The price of the Euro against the US Dollar (EUR/USD) is 1.09104 and you decide to buy 1 standard lot (the equivalent of €100,000) at 1.09104 (the current buy price).
One hour later the price has moved to 1.10104 in your favour.
This gives you a profit of USD $1000
How to calculate:
Current buy price at 1.09104
€100,000 x 1.09104 = USD $109,100
Closing price at 1.10104
€100,000 x 1.10104 = USD $110,100
([€100,000 x 1.09104] – [€10,0000 x 1.10104]) = USD $1,000
The most popular Froex pairs involve major global currencies and experience the highest trading volumes and liquidity.
*MIN : minimum | *AVG : average
|Product||Raw ECN||Raw Standard|
|AUDUSD||Australian Dollar vs United States Dollar||0.0||0.2||1.0||1.2|
|EURUSD||Euro vs United States Dollar||0.0||0.1||1.0||1.1|
|GBPUSD||British Pound vs United States Dollar||0.0||0.4||1.0||1.4|
|USDCAD||United States Dollar vs Canadian Dollar||0.0||0.3||1.0||1.3|
|USDCHF||United States Dollar vs Swiss Franc||0.0||0.3||1.0||1.3|
|USDJPY||United States Dollar vs Japanese Yen||0.0||0.2||1.0||1.2|
|AUDCAD||Australian Dollar vs Canadian Dollar||0.0||0.4||1.0||1.4|
|AUDCHF||Australian Dollar vs Swiss Franc||0.0||0.5||1.0||1.5|
|AUDJPY||Australian Dollar vs Japanese Yen||0.0||0.3||1.0||1.3|
|AUDNZD||Australian Dollar vs New Zealand Dollar||0.0||0.6||1.0||1.6|
|CADCHF||Canadian Dollar vs Swiss Franc||0.0||0.4||1.0||1.4|
|CADJPY||Canadian Dollar vs Japanese Yen||0.0||0.3||1.0||1.3|
|CHFJPY||Swiss Franc vs Japanese Yen||0.0||0.5||1.0||1.5|
|EURAUD||Euro vs Australian Dollar||0.0||0.4||1.0||1.4|
|EURCAD||Euro vs Canadian Dollar||0.0||0.6||1.0||1.6|
|EURCHF||Euro vs Swiss Franc||0.0||0.4||1.0||1.4|
|EURGBP||Euro vs British Pound||0.0||0.3||1.0||1.3|
|EURJPY||Euro vs Japanese Yen||0.0||0.3||1.0||1.3|
|EURNOK||Euro vs Norwegian Kroner||0.0||9.5||1.0||10.5|
|EURNZD||Euro vs New Zealand Dollar||0.0||1.1||1.0||2.1|
|EURSEK||Euro vs Swedish Krona||0.0||9.4||1.0||10.4|
|EURTRY||Euro vs Turkish Lira||0.0||9.7||1.0||10.7|
|GBPAUD||British Pound vs Australian Dollar||0.0||1.0||1.0||2.0|
|GBPCAD||British Pound vs Canadian Dollar||0.0||1.0||1.0||2.0|
|GBPCHF||British Pound vs Swiss Franc||0.0||0.7||1.0||1.7|
|GBPJPY||British Pound vs Japanese Yen||0.0||0.6||1.0||1.6|
|GBPNZD||British Pound vs New Zealand Dollar||0.0||1.6||1.0||2.6|
|NZDCAD||New Zealand Dollar vs Canadian Dollar||0.0||0.8||1.0||1.8|
|NZDJPY||New Zealand Dollar vs Japanese Yen||0.0||0.4||1.0||1.4|
|NZDUSD||New Zealand Dollar vs United States Dollar||0.0||0.3||1.0||1.3|
|SGDJPY||Singapore Dollar vs Japanese Yen||0.0||0.6||1.0||1.6|
|USDCNH||United States Dollar vs Chinese RMB||0.0||4.6||1.0||5.6|
|USDHKD||United States Dollar vs Hong Kong Dollar||0.0||4.1||1.0||5.1|
|USDMXN||United States Dollar vs Mexican Peso||0.0||9.4||1.0||10.4|
|USDNOK||United States Dollar vs Norwegian Kroner||0.0||9.1||1.0||10.1|
|USDSEK||United States Dollar vs Swedish Krona||0.0||9.2||1.0||10.2|
|USDSGD||United States Dollar vs Singapore Dollar||0.0||0.8||1.0||1.8|
|USDTHB||United States Dollar vs Thai Baht||0.0||1.0||1.0||2.0|
|USDTRY||United States Dollar vs Turkish Lira||0.0||8.8||1.0||9.8|