Forex

Forex Exchange
The forex exchange market is the number one and the largest financial market with an average daily turnover of $5.5 trillion in the world. It is traded by speculating on the value of one currency compared to another.

Why trade FX?

Flexibility: 24-hour market and you can trade any time anywhere in the world
Transparency: an average daily trading volume of $5.5 trillion and no one can corner the market
Lower transaction costs: no commissions charged and only the spreads applicable
Leveraged trading: maximise the utilisation of your funds
Go long or short: no bear market in FX

Why trade with Fxcg? Lower spreads • Leverage up to 400:1 • Institutional grade trade execution

Como negociar FX?

A negociação de Forex é essencialmente a compra de uma moeda e a venda simultânea de outra. Portanto, ao negociar moedas, sempre as veremos cotadas em pares.

Existem três tipos de pares de moedas:

Major currency pairs: all contain the US Dollar on one side – either on the base side or quote side. They are the most frequently traded pairs in the forex market, for instance, EUR/USD.
Cross-currency pairs: Currency pairs that do not contain the US Dollar are known as cross-currency pairs or simply “crosses”. The most active crosses are derived from the three major non-US dollar currencies (EUR/JPY and GBP/JPY).
Exotic currency pairs: they are made up of a major currency paired with the cur-rency of an emerging or a strong but smaller economy from a global perspective such as Hong Kong or Singapore and European countries outside of the Euro Zone, for instance EUR/TRY.

Forex Trading Examples

Your trading gross profit is calculated as follows:

Open price

￡200,000 x 1.29983 = USD $259,966

Closing price

￡200,000 x 1.26712 = USD $253,424

Profit from exchange

$6542

Open a position

The price of British pounds to US dollars (pounds / US dollars) is 1.29983 / 1.29984, and you decide to sell 2 standard lots (equivalent to ￡ 200,000) at 1.29983.

Close out

The British pound fell to 1.26710 / 1.26712 after a week, and you decided to buy back 2 standard lots at 1.26712.