FAQ

The foreign exchange market (also known as FX or Forex) is a global marketplace for exchanging national currencies against one another. Currencies trade against each other in exchange rate pairs, so the Forex traders trade by buying and selling currency pairs.

A true 24-hour market from Sunday 5:00 PM ET to Friday 5:00 PM ET, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, then London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.

It isn't owned by anyone in particular. Forex is an interbank market, meaning that its transactions are conducted only between two participants — seller and the buyer. So as long as the current banking system will exist, Forex will be here. It isn't connected to any specific country or government organization.

The Forex market exchanges trillions of dollars every day. That means your earning potential is technically limitless. It depends on how much you’re risking per trade and how successful you are at the trades. It is not the same if you risk $1000, and if you risk $5000. Also, there are days when the prices are skyrocketing and weeks and months that nothing so important is going on.

Yes. You can open a demo account and start practicing your trade with virtual currency anytime you want. You can practice trading forex and all other CFDs on MetaTrader.

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In Forex trading, the spread is the difference between the bid price and ask price, the sell and buy price, of a currency pair.

A pip is short from a “percentage in point”. A pip is the smallest price move that an exchange rate can make. Almost all currency pairs are priced out to four decimal places, and the pip change is the last (fourth) decimal point. A pip is thus equivalent to 1/100 of 1% or one basis point. The only exception to the rule is currency pairs with Japanese Yen (EUR/JPY, USD/JPY). The currency pairs are priced out to two decimal places, and the pip change is the second (last) decimal point.

The United States Dollar (USD) is the most commonly traded currency in the world. Major currency pairs are those that include the Dollar as the base currency and is combined with the Canadian Dollar, the Euro, the British pound (GBP), the Swiss franc (CHF), the New Zealand Dollar (NZD), the Australian Dollar (AUD), or the Japanese yen (JPY).

Margin is essentially collateral for a position. It allows traders to take on leveraged positions with a fraction of the equity necessary to fund the trade. In the forex market leverage ranges from 1% to 2%. Of course, increasing leverage increases risk.

You can apply for an account with …….com online and create an account and starting . This will take less than 5 minutes of your time!

No. Opening an account (real or demo) is absolutely free of charge. When you open an account for the first time, the balance will be zero.

What is the The primary difference between a demo account and a live trading account is that there is no capital at risk when trading in demo account. Difference between a demo account and a live trading account?

A valid identity document can be one of these: National identity card with photo, colored, Valid passport, Driving License Proof of Address Utility Bill, Tax Bill, Bank Statement that includes name and address.

The minimum initial deposit required is at least $1 of your selected base currency. However, we recommend you deposit at least $10 to allow you more flexibility and better risk management when trading your account. I forgot my username or password. How do I retrieve them?

In trading parlance, a long position is one in which a trader buys a currency at one price and aims to sell it later at a higher price. In this scenario, the investor benefits from a rising market. A short position is one in which the trader sells a currency in anticipation that it will depreciate. In this scenario, the investor benefits from a declining market. However, it is important to remember that every FX position requires an investor to go long in one currency and short the other.

The most common risk management tools in FX trading are the limit order and the stop loss order. A limit order places restriction on the maximum price to be paid or the minimum price to be received. A stop loss order is set at a predetermined price to automatically liquidate a particular position in order to limit potential losses should the market move against an investor's position. Contingent orders may not necessarily limit your risk for losses.

The term ‘Leverage’ in Forex and CFD trading is being able to trade a larger amount of volume with less investment. To let you control a larger position than your investment, brokers set aside a certain amount as 'collateral'. The leverage is expressed in ratios, such as 30:1 or 5:1. Please keep in mind that the leverage amplifies the price movement. This means proportionally higher profit or loss, depending on the market movement. Therefore, trading CFDs carries a high risk. Please make sure that you understand how CFDs work before starting a live trading account.

Cryptocurrencies are decentralized digital payment technologies that have gained popularity in the past decade. Though the trend started with Bitcoin, dozens of alternatives are available nowadays. They are recorded in digital registers called blockchains. When a user sends cryptocurrency to another, they send it to a digital wallet. The currency can be used as is or cashed out at the market price. All transactions are verified via a process called mining. Digital currency trading is every day.