CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.

Please be advised that our Client Portal is scheduled for essential maintenance this weekend from market close Friday 16th February, 2024, and should be back up and running before markets open on Sunday 18th February, 2024.

We’re excited to share that we’re gearing up for an update to our Client Portal, aimed at improving your experience with us. Client Portal will be unavailable to you from market close on Friday 16th February, 2024, and should be back up and running before markets open on Sunday 18th February, 2024.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.

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Forex Trading

Access the world’s largest and most liquid financial market with our world-leading platforms. Trade major pairs like EUR/USD, GBP/USD and USD/JPY. Gain insights from our market experts and benefit from exceptional customer support.

Why Trade Currency CFDs

Live Currency Prices

Trading Currency CFDs with Hantec Markets

Available Pairs

130

Initial deposit

$10

Spreads From

0.1

Maximum Leverage

500:1

Forex Trading Explained

How to Trade Forex

This article should have given you a better starting point for making your first forex trade or, at the very least, indicated why trading forex is just not for you.

Forex Market Analysis

Understanding the three main types of forex market analysis – technical, fundamental, and sentiment – can help you construct a stronger trading strategy.

Forex Trading Strategies

Discover effective Forex trading strategies. Learn how to navigate the dynamic world of foreign exchange markets with proven techniques and insights.

Forex Trading Tips

The article provides tips for forex trading beginners, including common mistakes new traders make. In summary, take your time to learn properly and practice.

Forex Market Hours

The Forex market’s international and decentralised nature allows it to be open 24 hours a day, five days a week.

 

Forex Trading Conditions

Forex Trading Conditions

New to trading?
Hantec has you covered

Our market leading Learning Hub is a free resource to help you become an accomplished and successful trader.

Opening a FX Trading Account

Information I Need to Open Account

How Does It Work?

Forex Trading FAQ

Currency trading has soared in popularity this century amongst professional and non-professional traders alike. Before the arrival of the Contract for Difference (CFD) market in the late 1990s, currency trading was an asset class that was difficult for individuals to trade or invest in. Read more about currency trading here.

 

If you had a negative view for the Euro, perhaps because you felt that the Eurozone economy was performing poorly and was going to continue as such, you might look to short the Euro.

You might also have a view that the UK economy was looking healthy and that the short-term data was going to reflect this and beat expectations.

In this case, you would look to express your view by selling the Euro and buying the GB Pound, which would be a short position on the EURGBP currency pair.

Let’s say you sold EURGBP at 0.8500, with a target for a move down to 0.8000. You might then place a stop loss at 0.8700 in case the currency pair moved in the opposite direction.

  • If the market moved down to 0.8000, you would realise a profit.
  • If EURGBP moved up to 0.8700, you would be stopped out for a loss.
A forex account is a type of account that a forex trader opens with a retail forex broker. Forex accounts come in many forms, but the first that is opened is often the forex demo account.

Bid

The rate at which you can sell the base currency, in our case it’s the Euro, and buy the quote currency, i.e. the Japanese Yen.

Ask (or Offer)

The rate at which you can buy the base currency, in our case, the British Pound, and sell the quoted currency, i.e. the Japanese Yen.

Spreads

The difference between the Bid and the Ask prices.

Currency rate

The value of one currency expressed in terms of another. Its fluctuation depends on numerous factors including the supply and demand on the market and/or open market operations by a government or by a central bank.

Lot

Usually, the contract size is based on a lot system, and for most currency pairs 1 lot is 100,000 units of a base currency.

Pip

Minimum rate fluctuation

Account types

Hantec Markets offers a variety of live and demo trading accounts, including Joint and Corporate accounts.

Forex Trading FAQ

Currency trading has soared in popularity this century amongst professional and non-professional traders alike. Before the arrival of the Contract for Difference (CFD) market in the late 1990s, currency trading was an asset class that was difficult for individuals to trade or invest in. Read more about forex trading here.

 

If you had a negative view for the Euro, perhaps because you felt that the Eurozone economy was performing poorly and was going to continue as such, you might look to short the Euro.

You might also have a view that the UK economy was looking healthy and that the short-term data was going to reflect this and beat expectations.

In this case, you would look to express your view by selling the Euro and buying the GB Pound, which would be a short position on the EURGBP currency pair.

Let’s say you sold EURGBP at 0.8500, with a target for a move down to 0.8000. You might then place a stop loss at 0.8700 in case the currency pair moved in the opposite direction.

  • If the market moved down to 0.8000, you would realise a profit.
  • If EURGBP moved up to 0.8700, you would be stopped out for a loss.
A forex account is a type of account that a forex trader opens with a retail forex broker. Forex accounts come in many forms, but the first that is opened is often the forex demo account.

1. Breakout
This long-term strategy uses breaks as trading signals. Markets sometimes swing between support and resistance bands. Read more about breakout trading.

2. Moving average cross
Another Forex strategy uses the simple moving average (SMA). Moving averages are a lagging indicator that uses more historical price data than most strategies and moves more slowly than the current market price.

Other strategies include:

Bollinger band strategy
Momentum indicator forex strategy
Fibonacci strategy
MACD forex strategy
RSI indicator forex strategy

Risks every beginner should be aware of.

There are different types of risks that you should be aware of as a Forex trader. Keep the following risks in your Forex trading notes for beginners:
  1. Leverage Risk: Leverage in trading can have both a positive or negative impact on your trading. The higher your leverage, the larger your benefits or losses.
  2. Interest Rate Risk: The moment that a country’s interest rate rises, the currency could strengthen. The boost in strength can be attributed to an influx of investments in that country’s money markets since with a stronger currency, higher returns could be likely. But if the interest rate falls, the currency may weaken, which may result in more investors withdrawing their investments.
  3. Transaction Risk: This risk is an exchange rate risk that can be associated with the time differences between the different countries. It can take place sometime between the beginning and end of a contract. There is a chance that during the 24-hours, exchange rates will change even before settling a trade. The transaction risk increases the greater the time difference between entering and settling a contract.

Bid

The rate at which you can sell the base currency, in our case it’s the Euro, and buy the quote currency, i.e. the Japanese Yen.

Ask (or Offer)

The rate at which you can buy the base currency, in our case, the British Pound, and sell the quoted currency, i.e. the Japanese Yen.

Spreads

The difference between the Bid and the Ask prices.

Currency rate

The value of one currency expressed in terms of another. Its fluctuation depends on numerous factors including the supply and demand on the market and/or open market operations by a government or by a central bank.

Lot

Usually, the contract size is based on a lot system, and for most currency pairs 1 lot is 100,000 units of a base currency.

Pip

Minimum rate fluctuation

Account types

Hantec Markets offers a variety of live and demo trading accounts, including Joint and Corporate accounts.

Trade Currency Online on MT4

Access the Hantec Markets MetaTrader4 platform, an award-winning technology available on desktop, mobile and Mac.

FX Trading: Related Articles

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