A day on Friday
Open 24 hours a day, seven days a week, the foreign exchange market is the largest and most liquid in the world, with daily turnover of more than $4tn, more than any exchange-traded market
Foreign exchange trading refers to trading a pair of currencies and predicting the rise or fall of one currency against another. Currencies are traded in pairs, such as the euro against the dollar (EURUSD).
Foreign exchange trading point spread
We offer forex traders some of the smallest spreads of any forex broker in the world, with our average euro-dollar spread of 0.1 points. The minimal spread combined with our low-latency enterprise hardware makes us ideal for active day traders and EA users. The table below shows the minimum and average point spreads for all major currency pairs.
How to do
foreign exchange trading
Forex trading is similar to trading stocks or futures, except that when trading forex, you buy or sell a currency pair without taking actual delivery of the underlying currency. A key advantage of forex over other financial products is the ability to trade relatively small numbers of hands - which can be as small as 1,000 units (a mini hand). In general, forex can be leveraged up to 1:500 in some cases, which is very different from trading stocks without leverage.