FX

Tap into the $5 Trillion Global Forex Market

What is FX?

FX (foreign exchange) is the largest, most liquid financial market, with more than $5 trillion in daily trades.
It is where all of the world's currencies are traded 24/5.
FX (or forex) trading allows you to exchange one currency for another, at an agreed-upon price.
For example, the EUR/USD rate is 1.06, i.e. €1 is worth $1.06.

You wish to buy euros with US dollars.
Each euro costs $1.06. So if you buy €300 you pay $318.
You can wait until the euro strengthens against the dollar, and then sell back your euros at a profit.
Currency rates rise and fall against each other due to several factors: global economics, geopolitics, supply and demand.

Your goal as an FX trader is to earn profit from these rate changes, by speculating on future market movements. Anyone can take part in the forex market; from banks, governments and businesses to private investors and traders.
FX is a leveraged product (up to x200 on tradovest's platform). This allows you to trade with a relatively small percentage of the entire value of your position and earn profits according to the full value of the trade – zero commissions, zero hidden fees.

For example:

The SELL rate of the British pound against the US dollar (GBP/USD) is 1.24197 and the BUY rate is 1.24242.

You predict that the GBP will strengthen against the USD, so you open a BUY position on an amount of 10,000.

10,000 x 1.24242 = 12,4242

The contract is leveraged x50.

$12,4242 : 50 = $248.48

This means you need at least $248.48 (initial margin) in order to open this position.

GBP/USD then increases to 1.29541. You manually close the position and earn:

1.29541 - 1.24242 = 0.05299

0.05299 x 10,000 = $529.9

Your profit is $529.9

At no point did you actually buy any pounds or sold any dollars. You simply invested on the market performance of the currency pair.

Advantages Of FX Trading

FX trading allows you to speculate on currency pair movements while investing a relatively small capital and without paying fees to a third party.
Unlike traditional trading, there is no need to actually exchange currencies. You are only trading on the price movements of your selected currency pair.

  • Leverage

    FX is a Leveraged product, which means that you are only required to invest a small percentage of the trade's actual value. Your profits, however, are based on the full investment amount of the trade.

  • Profit opportunities

    When trading FX, you can generate profits from both the rise and fall of foreign currency prices. In addition, this market's exceptional liquidity ensures reliable pricing even at high volumes and enables you to enjoy the tightest possible spreads. the tightest possible spreads.

  • Risk management

    You can automatically control your exposure by setting the stop loss/take profit parameters. This feature will automatically close any open position in case the price either drops/rises beyond a predetermined point.

Main Advantages:

  • Simple, flexible and convenient
  • Leveraged trading
  • Available 24/5
  • Begin with a small initial investment
  • Risk management tools
  • Transparent and secure

Why Trade FX With Tradovest?

When you trade with tradovest, you get the all-inclusive experience.
Enjoy cutting-edge market technology, unlimited access to our extensive collection of video courses, trading eBooks and live webinars, daily financial news and personal account management conducted by one of our experts and 24/7 support.

The benefits of Tradovest:

  • Award-winning platform
  • All-inclusive education center
  • Access to the world’s leading currencies
  • 1-on-1 sessions with experts
  • No commissions, no hidden fees
  • Secure and regulated broker
  • Tight spreads
  • 24/7 professional support
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How to win the Competition

Competition participation is free for all Tradovest traders. Once you fund your account with any amount, you automatically qualify to participate. The trader with the highest challenge score – wins. The challenge score is comprised of the number of your closed trades, multiplied by your account type weight.

So the more you trade the better your chances of success!

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