We often get asked the question ‘What is Forex Trading?’ especially from those who are currently trading stocks or have been told about the FX markets from a friend or colleague at work.
Trading forex (FX) gives you access to the world’s largest and most liquid market. With an estimated daily turnover of more than $4 trillion, the FX market provides trading opportunities across major currencies and FX crosses, with volumes and value that surpass the size of the equities and bond markets combined.
Forex trading is usually done on ‘margin’, which means you only need a small amount as deposit to open a trade. Trading the major currencies usually require an average of 1% - 2% margin. There are no commission charges when you trade Forex. However, you have to be mindful of the spreads – the difference between the buying and selling price – which could vary at times.*
*Margin trading demands a disciplined approach and a solid understanding of the risks involved.
When you trade FX, you are simultaneously buying a currency and selling another. For example, if you expect the EUR to go higher against the US dollar, you can go long (buy) the EUR/USD pair. If you think the EUR will be lower than the USD, then you can go short (sell) the EUR/USD pair.
Trading FX on MT4 gives you access to Expert Advisors (EAs) and several smart tools to enhance your trading experience. You can place automatic orders, monitor open positions, set up stop loss levels or be alerted to winning trades. You can also monitor global FX movements using the session map tool that show which markets are opening at certain times of the day.
Trading the FX market gives you access to currency pairs such as those listed below. Please note that GO offers over 50+ Forex pairs to trade via the MT4 trading platform:
» Largest decentralised market in the world
» Trade 24 hours a day
» Commission free, low cost dealings
» Dynamic movement and opportunities for profit
» Leveraged trading*
*The effect of leverage is that both gains and losses are magnified. You should only trade if you can afford to carry these risks.
Benefits of trading forex on GO's MT4 trading platform:
» Access to Expert Advisors (EAs) and smart tools
» 50+ currency pairs
» Tight and competitive spreads
» Flexible leverage
» 24/5 hour trading
» Commission-free, low cost dealing
At GO Markets we offer a free Demo Account and free educational resources to help new traders get started. For advanced traders we offer advanced trading tools and different account types.
Ready to trade and experience the world's largest and most liquid market?
Trading Forex and Derivatives carries a high level of risk, including the risk of losing substantially more than your initial expenditure. Also, you do not own or have any rights to the underlying assets. The effect of leverage is that both gains and losses are magnified. You should only trade Forex if you can afford to carry these risks.
GO Markets Pty Ltd does not guarantee the performance or return of capital. You should only trade in risk capital (that is, capital you can afford to lose). Please note that the historical financial performance of any underlying instrument/market is no guarantee or indicator of future performance.
Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Financial Services Guide (FSG) and Product Disclosure Statement (PDS) for our products are available from GO Markets Pty Ltd to download at this website or here, and hard copies can be obtained by contacting the offices at the number above.
Please also note that your call may be recorded for training and monitoring purposes. Any advice provided to you on this website or by our representatives is general advice only, and does not take into account your objectives, financial situation or needs. You should therefore consider the appropriateness of our advice before making any decision about using our services. You should also consider our PDS documents before making any decision about using our products or services.
The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
The GO Markets AFSL authorises us to provide financial services to people in Australia. However, GO Markets complies with the obligations arising from our AFSL in respect of the financial services provided to all of our clients, including those who reside outside of Australia.
This website is owned and operated by GO Markets.
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