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What is Forex?

Foreign Exchange, commonly know as Forex or FX, is the largest and most liquid market in the world with roughly $5 trillion traded on a daily basis. With no set exchange hours, you can trade currencies 24 hours a day, 5 days a week.

Foreign exchange prices move on various factors such as Geo-Political events, economic stimulus from central banks and speculation on future events. The Foreign Exchange market has a multitude of participants including central banks, hedge funds, multinational corporations and individual investors.

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Tips on Forex

  • Open 24 hours, 5 days a week
  • World's largest market
  • Deep liquidity
  • Tight spreads
  • No hidden charges
  • Fast execution
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Tips on Forex

  • 1 CFD FX lot has a notional value of 100,000 
  • Currencies are always traded in pairs
  • The first currency in a pair is known as the 'base currency'
  • The second currency in the pair is known as the 'quote currency'
Example 1

EURUSD

  • If you were to trade EURUSD and you bought, you're buying Euros and selling US Dollars.
  • If you bought 1 CFD lot of EURUSD at a price of 1.1800, you would be buying 100,000 Euros and selling 118,000 US Dollars.
  • If the price of EURUSD moved from 1.1800 to 1.1850, this means you have made 50 pips. After buying 1 CFD Lot, this would result in a profit of $500. However if the price fell to 1.1785, then you have lost 15 pips and made a loss of $150.
Example 2

EURGBP

  • If you were to trade EURGBP and you sold, you're selling Euros and buying Sterling.
  • If you sold 1 CFD lot of EURGBP at price of 0.9000, you would be selling 100,000 Euros and buying 90,000 Sterling.
  • If the price of EURGBP moved to 0.9025, this is a change of 25 pips and a loss of £250. However if the price fell to 0.8940, then you would make a profit of £600.

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MV Technologies Ltd, registration number HE 450318, address: 160 Archiepiskopou Makariou III Avenue, First Floor, 3026, Limassol, Cyprus, is the partner company, which provides certain content and operates the business including in terms of processing payment transactions.

Margined FX and contracts for difference are complex leveraged products which carry a high level of risk and can result in losses that exceed your initial investment. We recommend you seek professional advice before investing.

This website and any information on this website is not intended on offering investment services to residents of certain jurisdictions, including the United States of America, Belgium, Iran, North Korea, Myanmar, or to residents of other countries or jurisdictions where such distribution or use would be contrary to local law, or domestic regulations classify such investment offering as prohibited. Any analysis, opinion, commentary, research-based material or other content on this website is for information and educational purposes only and is not, under any circumstances, intended to be an offer, recommendation, advice or solicitation on behalf of the Company for any financial services.

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CFDs and FX are leveraged products and carry a high level of risk to your capital. These products may not be suitable for all clients, so please ensure you fully understand the risks involved.