Majors are the most liquid and most widely traded currency pairs in the forex market
Major currencies include: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD and NZD/USD.
Currency crosses are pairs where the US dollar is not the counter-currency.
Some of the most popular and highly traded cross pairs include: EUR/GBP, EUR/JPY, EUR/CHF and GBP/JPY.
This group usually refers to currencies of countries known for their natural resources such as oil, gold and other minerals.
Some of the major commodity currencies are the Australian dollar, Canadian dollar, New Zealand dollar.
Trading CFD indices allow you to speculate on the direction of the underlying index movement and profit from it without actually owning the physical shares. FPG Capital allow you to trade in a large range of indices from around the world.
The forex market is a centralized and over-the-counter global market for trading currencies. Forex trading refers to exchanging national currencies in order to make a profit.
You can start forex trading by learning its basics, finding a suitable forex broker online, and opening a trading account. At FPG Capital, you can sign up to become a forex trader in just a few clicks.
To start forex trading with MetaTrader 5, you will first need to sign up for a live or demo account with an online forex broker, FPG Capital, that already supports the MT5 platform.
The forex market is run entirely by a global network of banks across four forex trading centers in different time zones, including New York, London, Tokyo, and Sydney. You can start trading in forex by signing up with FPG Capital, the leading online forex broker.
Many experienced forex traders agree that forex trading is highly profitable — it all depends on how you go about it. Here are a few tips to make money from forex trading:
*margin trading is high risk. You can incur losses as much as you benefit with a profit. Ensure its right for you.
Yes, demo forex accounts are completely free with all the tools and spreads to help you practice forex trading. FPG Capital offers a free demo trading account that can be automatically converted into a live trading account when you are ready for the real market.
Leverage in forex trading can depend on the type of trading account you have and your forex broker as well. Maximum leverage in currency trading for retail clients is 1:30 and 1:500 for wholesale and sophisticated clients.
You can trade forex only over the weekdays and not during weekends. The forex market is open for trading 24 hours a day, five days a week.