FXCM - What's now?
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trade Forex currency pairs on FXCM
Forex, also known as foreign exchange (FX) is a decentralized global market where all global currencies are traded.
The forex market is the largest and most liquid market in the world, with a daily trading volume of more than $ 5 trillion.
Trade currencies in the largest market in the world with more than $ 5 trillion in daily trading volume.
With solid depth and maximum liquidity, forex is a top destination for active traders around the world.
- Spread on Forex
- With FXCM you only pay the spread to trade forex. Reduced prices are available for high-volume investors.
- Transparency of Execution
- FXCM’s aim is to provide you with the best trading experience. Explore the quality of FXCM’s pricing, transparency, and execution services.
- Trading Station
- FXCM’s proprietary trading platform provides powerful analysis tools for chart traders and simple functionality for new traders.
Why Forex trading is so popular?
The foreign exchange market offers many potential opportunities for both experienced and new traders to the market.
If you are looking for an opportunity-rich environment for active trading, nothing is like forex.
- Forex market never sleeps
- There are no set trading hours, you can trade currencies 24 hours a day 5 days a week.
- Trade with a small margin requirement
- You can trade forex with leverage (30: 1 for major currency pairs).
- Incomparable Liquidity
- Deep liquidity makes it easier to enter and exit trades at any time, even with large amounts.
Available Forex currency pairs for trading on FXCM
On FXCM’s platforms, you can invest in the following Forex currency pairs.
Major and commodity pairs are the most liquid and most traded currency pairs on the forex market.
These pairs and their combinations (EUR/JPY, GBP/JPY, and EUR/GBP) affect the majority of transactions on the foreign exchange market.
Since these pairs have the highest volume of buyers and sellers, they are usually associated with particularly low spreads.
- EUR/USD, USD/JPY, GBP/USD, USD/CHF
- Commodity-linked pairs:
- AUD/USD, USD/CAD, NZD/USD
However, there are other currency pairs that allow you to take advantage of macroeconomic events in specific international markets, such as the USD / MXN (US dollar / Mexican peso) pair.
How do you make money with Forex trading?
Currency trading provides participants with an unparalleled collection of opportunities.
Given the depth and liquidity of forex, it is possible to implement almost any strategy possible with maximum efficiency.
From short-term intraday approaches to multi-session swing trading plans, profiting from periodic fluctuations in exchange rates can become not only possible but probable.
Perhaps the most beneficial feature of forex is flexibility.
Unlike more conventional trading instruments like stocks, forex trading profits are not limited to just buying below and selling above.
You are able to make money from being long or short on a specific market, exponentially increasing the number of potential trading opportunities.
Whether your expectation on a currency is bullish or bearish, you have the option to capitalize on the idea: buy low and sell high or sell high and buy low.
Despite the flexibility, there is no guarantee that trading will result in profits or losses.
How to calculate your profits on the Forex trading?
As for any business – active trading or otherwise – profit is the difference between gains and losses minus operating expenses.
The beauty of forex trading is that quantifying profits is simple because expenses are limited and profits and losses are easily accounted for.
The best way to manage your profits is to regularly refer to your trading platform.
Software suites such as Trading Station and MetaTrader4 calculate profits and losses on a pip-by-pip basis.
As the market moves, your account balance is automatically updated via the functionality of your platform.
Counting expenses is also a routine task given FXCM’s low spreads and Active Trader’s pricing structures.
In conclusion, making money is the goal of every trader. With FXCM, you will always know your P&L, saving time for your active trading.
How much money do you need to start trading Forex?
One of the biggest benefits of forex trading is the minimum amount of capital needed to get started.
Retail traders with limited resources have access to the same markets as institutional participants.
Deposit € 300 and trade most products.
Conventional financial wisdom suggests that it takes a lot of money to participate in the markets.
This is the beauty of forex: you don’t need to be a millionaire to trade.
Use the potential of your venture capital.
Of course, as you gain experience in the markets, your goals and resources will often change.
In order to meet the needs of the evolving trader, FXCM offers a variety of account types.
You can rest assured that regardless of your trading resources and objectives, FXCM can provide an alternative designed to enhance your trading experience in the forex market.
Why choose FXCM to trade Forex?
FXCM is a global leader in accessing the forex, CFD and spread betting markets.
Whether you are an active trader or newcomer eager to get started, FXCM’s award-winning suite of services is ready to help you achieve your market goals.
There are the benefits of trading FXCM:
- Diversity of options:
- Trade a variety of popular currency pairs and CFDs with better execution and no restrictions on stop and limit orders on major indices.
- Tight Spreads:
- Tight average spreads for EUR/USD (1.3 pips) and GBP/USD (1.8 pips) make sustainability easier.
- Powerful Trading Platforms:
- Enter the markets with confidence via FXCM’s flagship Trading Station platform. It is available in Mac-compatible desktop, mobile or Web 2.0 format. FXCM also supports MetaTrader 4 and the advanced features of Expert Advisors.
If you are an active trader, you may be entitled to prices of different levels.
Before you start trading, you should consider whether you understand how CFDs work and if you can afford to take the high risk of losing your money.