FOREX TRADING INTRODUCTION

we have covered the basics of forex so you can develop your own trading strategies
  • What is forex?

    Forex, also known as foreign exchange or currency trading, is the exchange of different currencies. It's one of the largest and most liquid financial markets in the world. Forex trader speculate the increase and decrease of different currencies.

  • When is the forex market open for trading?

    You can trade forex 24 hours a day, five days a week. For details, click here.

  • What forex markets are available to trade?

    You can trade 70+ currency pairs at FXGATE. To view our full range of markets, click here.

  • Are there any data/exchange fees associated with forex trading?

    FXGATE does not charge data or exchange fees on forex trades. We are compensated via the spread, which is the difference between the bid and ask. However, you may incur a rollover charge if you hold your positions overnight. Click here to view our available markets.

  • What is margin or leverage?

    As forex is traded on margin, you only have to deposit a percentage of the full amount you wish to trade. Our margins start from 1:100 leverage, as the value of the full position would be 100 times the value of the deposit required to open the trade.

  • Benefits of trading forex

    As forex is an over-the-counter (OTC) market, which means trades don't take place through a centralized exchange, like shares or indices, it can be traded 24 hours a day from Monday to Friday night.

  • How does forex trading work?

    When trading forex, you always speculate on whether the price of the base currency will rise or fall against the counter currency. Lets consider EUR/USD, if you think EUR will increase in value against USD, you go long (buy) the currency pair. Alternatively, if you think EUR will decrease in value against USD (or that USD will rise against EUR), you go short (sell) the currency pair.


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