Foreign Exchange trading, also known as Forex or FX trading, has gained enormous popularity in recent years among layman individuals due to the growth of online brokers and the technological development of online trading platforms. With high liquidity, non-stop opening hours 5 days a week, and great opportunities, it is no wonder that the forex market is the world’s most traded market with a daily trading volume of $5 trillion USD.
When trading Forex, you are buying one currency by using another. Therefore, the FX trader is trading currency pairs and not each currency individually. Take for example the EURUSD, when buying the pair – it means you are buying EUR using (selling) USD. When selling the pair – it means you are buying USD using (selling) EUR.
Leverage options up to 1:1000
70+ currency pairs – Trade major, minor and exotic pairs.
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The pairing of the currencies is presented as a rate, which reflects the ratio between the values of the two currencies. For instance, the rate for buying the pair GBPUSD is 1.50514, i.e. £1 GBP = $1.50514 USD.
When trading Forex, you are buying one currency by using another. Therefore, the FX trader is trading currency pairs and not each currency individually. Take for example the EURUSD, when buying the pair – it means you are buying EUR using (selling) USD. When selling the pair – it means you are buying USD using (selling) EUR.
The ability to hold larger trading positions than what one’s own capital allows is enabled through leverage given by the broker.
At VistaForex, traders can enjoy up to 1:1000 leverage on most forex pairs. This means that a trader needs only 0.1% of a position size in order to open a position.
VistaForex provides its traders with the ability to trade over 70+ Forex pairs, including all the major currency pairs, minors and exotics.
For more information regarding leverage and spreads for all FX pairs offered by VistaForex Market, please take a look at our trading Spread & Swaps.
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