Trading involves substantial risk and may result in the loss of your invested greater that your invested capital, respectively.
Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where the world buys and sells currency. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.
The foreign currency exchange offers an abundance of potential opportunities for veteran traders as well as those new to the markets. If you are searching for a target-rich environment for active trading, look no further than the forex.
With no set exchange hours, you can trade currencies 24 hours a day, 5 days a week.
You can trade forex with leverage (100:1 for major currency pairs)1
Deep liquidity makes it easier to get in and out of trades at any time, even in large sizes.
The international currency trade furnishes participants with an unparalleled collection of opportunities. Given the depth and liquidity of the forex, it is possible to implement almost any viable strategy with maximum efficiency. From short-term intraday approaches to multi-session swing trading plans, profiting from periodic exchange rate fluctuations can become not only possible but probable.
Perhaps the single most beneficial attribute of the forex is flexibility. Unlike in more conventional trading modules such as stocks, forex trading profits are not limited only to buying low and selling high. You are able to make money from being either long or short a specific market, increasing the number of potential trading opportunities exponentially.
Whether your outlook on a currency is bullish or bearish, you have the ability to capitalise upon the idea. Buy low and sell high or sell high and buy low ― the forex does not limit your trading options or your money-making potential.
Please note there is no guarantee that trading will result in profits or not result in losses.
As it pertains to 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 profit is straightforward because expenses are limited, and gains and losses are easily accounted for.
The best way to manage profit is through regularly referencing your trading platform. As the market moves, your account balance is updated automatically via the functionality of your platform. Factoring in expenses is also a routine task given MetaFX's low spreads and Active Trader's pricing structures.
At the end of the day, making money is the goal of any trader. With MetaFX, you will always know your P&L, freeing up time for active trading.
If you are an active forex trader, then producing positive returns is your job. Fortunately, figuring P&L doesn't have to be an exhaustive task. All you need is your account currency, pair, trade size and opening/closing prices—the Profit Calculator does the rest.
When it comes to risk management in forex trading, it's all about pip value. Knowing how much your trade's pips are worth is key to not overextending your account. The Pip Calculator can help you do just that, automatically. In addition, it is always a good idea to know where your account stands in relation to utilised margin and brokerage requirements. While doing math longhand is a challenge, the Margin Calculator makes short work of even the most intricate positions.
One of the greatest advantages to trading forex in the modern era is access to technology that aids in the application of indicators such as Pivot Points. Pivot points are a go-to technical tool for traders interested in building unique support and resistance levels to use for market entry or exit. Whether you practice a Classic, Woodie's, Demark's, or Camarilla methodology, the Pivot Point Calculator can quickly generate a set of practical values.
One of the largest advantages to trading forex is the minimal amount of capital necessary to get started. Retail traders with limited resources are afforded access to the same markets as institutional participants. In fact, MetaFX offers interested individuals the ability to begin trading with as little as $100.
Conventional financial wisdom suggests that it takes a lot of money to participate in the markets. That is the beauty of the forex ― you don't need to be a millionaire to trade. Utilize the potential of your risk capital.
Of course, as you gain experience in the markets, your goals and resources will often change. In order to cater to the needs of the evolving trader, MetaFX offers a variety of account types. Rest assured that no matter your resources and trade-related objectives, MetaFX can furnish an alternative designed to enhance your trading experience in the forex market.
MetaFX is a global leader in the provision of forex, CFD and spread betting market access. If you are an active trader or a newcomer anxious to get started, our award-winning service suite stands ready to help you achieve your goals in the marketplace.
Before you start trading, you should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
With MetaFX you pay only the spread to trade forex. Reduced pricing is available to high-volume investors.
It is our mission to provide you with the best trading experience. Explore our quality pricing, transparency and execution services.
Our proprietary trading platform provides powerful analytics tools for chart traders and straightforward capabilities for new traders.
1. Leverage: Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
2. Average Spreads: Time-weighted average spreads are derived from tradable prices at MetaFX from April 1, 2021 to June 30, 2021. Spreads are variable and are subject to delay. The spread figures are for informational purposes only. MetaFX is not liable for errors, omissions or delays or for actions relying on this information.
3. Please note there is no guarantee that trading will result in profits or not result in losses.
MetaFX can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc.
