What is Forex
(Foreign Exchange) Trading?

Forex refers to the global currency market, a decentralized marketplace where buyers and sellers trade 24 hours a day, 5 days a week. The forex market is the largest financial market in the world, with daily trading volumes exceeding $5 trillion.

With our Forex CFDs, you can trade currency pairs without owning the underlying asset, allowing you to speculate on price movements with competitive spreads and fast execution. The objective of forex trading is to predict whether one currency will increase or decrease in value against another. For example, you might trade the Australian Dollar versus the Canadian Dollar (AUD/CAD). Foreign currencies are exchanged at floating rates by financial institutions, companies, and individuals.

Prices of currency pairs can be influenced by several factors, including geopolitical events, news releases, and economic outlooks, which traders interpret as positive or negative market signals.