Vantage Markets is a popular venue for beginner traders and the broker has got everything they need.

Comparison of account types offered by Vantage

Vantage Markets offers MT4 and MT5 trading accounts.

See the table below to find out the difference between MT4 and MT5 accounts today.

To open a trading account with Vantage Markets, you just need to follow the simple 3 steps below.

1. Register
   Choose an account type and submit your application.
2. Fund
   Fund your account using a wide range of funding methods.
3. Trade
   Access 1000+ CFD instruments across all asset types on MT4 / MT5.

Open Vantage Markets Trading Account

This article is dedicated for traders who are new to the Forex market.

Continue reading below to learn the basic of Forex trading before getting started.

What is Forex trading?

The Forex market, also known as the foreign exchange market or FX, is the market in which currencies are traded.

This financial market is the largest and most liquid in the world.

Trading is open 24 hours a day, five days a week.

To demonstrate the enormity of its volume, the New York Stock Exchange handles approximately $169 billion worth of transactions a day, while the Forex market sees over $5 trillion worth of transactions a day!

Sign up on Vantage for free

How does Forex trading work?

A Forex contract for difference (CFD) is a financial instrument that allows traders to invest in an asset class, namely currency pairs, without actually owning the underlying asset.

Forex CFDs offers traders the opportunity to profit from price movements — prices moving up (going long) or prices moving down (going short).

It’s a relatively simple security calculated by the asset’s movement between trade entry and exit, computing only the price change without consideration of the asset’s underlying value.

A Forex CFD works like a contract between two parties (the buyer and the seller).

It states that the seller will pay the buyer the difference between the current value of an asset and its value at “contract time”.

If the difference is negative, the buyer pays the seller instead.

Find out more about how Forex works.

Go to Vantage’s Official Website

What are the Forex trading hours?

The Forex market is open 24 hours a day, 5 days a week and currencies are traded worldwide among the major financial centres.

The market opens on Sunday at 10:00 pm GMT, and closes on Friday at 10:00 pm GMT.

The specific hours of each centre are as follows:

• Sydney – 10:00 pm – 7:00 am GMT
• Tokyo – 12:00 am – 9:00 am GMT
• London – 8:00 am – 5:00 pm GMT
• New York – 1:00 pm -10:00 pm GMT

Sign up on Vantage for free

Is Forex trading expensive?

This really depends on how you intend to trade, whether you use leverage and to what level and how much capital you decide to risk.

You could start by investing $50, or $50,000 – the sky is the limit.

However, you should remember that increasing the amount of leverage also increases the level of risk you’re exposed to.

Ultimately, trading boils down to a trader’s psychological tolerance and management of risk.

Skilled traders are able to minimise risk and maximise profit through careful market analysis, developing an effective trading strategy and money management rules.

Open Vantage Markets Trading Account

Who participates in the Forex market?

There are a number of main-players in the Forex market, including central banks, commercial banks, and investment banks.

This is known as the interbank market, as they constantly deal with each other on behalf of themselves or their customers.

There are a number of other participants in the foreign exchange market, however, which also includes large multinational corporations, global money managers, registered dealers, international money brokers, futures and options traders and individual investors.

Go to Vantage’s Official Website

How are currency market prices determined?

There are many factors that can impact – or potentially impact – currency market prices.

Such factors include economic and political events and announcements, interest rates, inflation levels and natural disasters – among others.

There’s no sure-fire way to predict price movements, but some handy hints can be gleaned through the analytical techniques implemented and shared by trading analysts.

Sign up on Vantage for free

What’s the best Forex trading platform?

MetaTrader 4 and MetaTrader 5 are the world’s most popular trading platforms.

Vantage also offers a unique package of over 60 unique tools, indicators and add-ons which is available for both MT5 and MT4.

Vantage’ traders can also trade Forex online without downloading anything – directly in their web-browser – with MetaTrader WebTrader.

Open Vantage Markets Trading Account

Where can I learn more about foreign exchange market trading?

Check out our other educational content, including articles, training programs, seminars, webinars and video tutorials.

Practise makes perfect, of course, and the best way to get started is by creating a free Demo account.

Beginner and experienced traders alike use Demo accounts to get a feel for currency trading and then to test and fine-tune trading strategies and set-up add-ons, plugins, scripts and indicators.

Demo accounts are free of both charge and risk and allow you to practise in a real-market environment, with virtual money.

If you haven’t already got one, sign-up now!

Go to Vantage’s Official Website

How can I profit from trading Forex online?

To make a profit while Forex trading online, you need the market to move in your favour.

You can help your chances of this by analysing the market in various ways.

Technical analysis involves trends, historical data and current market movements. It’s more statistically focussed in examining charts and indicators.

Alternatively, you could look at fundamental analysis, which focuses more on important economic events and announcements that may influence the market.

Whichever type of analysis you decide to follow, you should look to build a formulated Forex trading strategy, incorporating wise decision making and appropriate money and risk management.

The sum of your profit depends on the efficiency of your trading strategy, on how well you learn to predict market movements, your risk management strategy and on the amount you choose to deposit.

Vantage can provide you with all of the information you you could ever possibly need to know to help you start or improve at trading Forex online.

To find out more about Forex trading strategies, we suggest you check out our other educational content, which includes hundreds of in-depth articles, as well as training programs, seminars, webinars and video tutorials.

Open Vantage Markets Trading Account

Try Cryptocurrency trading with Vantage

When trading crypto CFDs, you are not buying the underlying asset and therefor do not own the actual crypto asset – you are instead initiating a Buy or Sell contract on the current asset price.

You only need a funded trading account with Vantage to start trading CFDs and settle accrued profits or losses.

Cryptocurrencies are generally considered to be a form of digital asset.

When sold with a profit, such capital gains are generally subject to personal income tax, whereas if the digital asset is sold at a loss, such loss is not tax-deductible.

In contrast, Vantage’s Crypto CFDs are financial instruments, same like stocks or fund shares. Profits and losses in financial instruments can be counted against each other, thus making Crypto CFDs a tax efficient way to maintain exposure to underlying cryptocurrency markets.