Foreign Exchange trading, or Forex, is the trading in international currencies. Is Forex a scam? The currency markets are a large and liquid market, attracting speculative short term traders. International currency markets are risky and reliant on rumors, world news, and politics. Foreign Exchange markets have been described as a zero sum game. There is a fixed supply of currency on the world markets and for one person to make money on a Foreign Exchange market trade, someone else must lose money. Note that you'll see the terms: FX, forex, foreign-exchange market and currency market. These terms are synonymous and all refer to the forex market. Call Client Services on our toll free number 1300 888 936 (Australia). International callers, please phone +612 9965 5830. Alternatively, you can use our live chat facility during the same period.
View our FX trading examples to see how buying or selling forex pairs as CFDs works, and find out more about trading forex with us. If the EUR/USD buy price is 0.70644 and the sell price is 0.70640, then the spread is 0.4 pips. If the trade moves in your favor (or against you), then, once you cover the spread, you could make a profit (or loss) on your trade.
Execute your forex trading strategy using the advanced thinkorswim trading platform. Plus, with paperMoney�, you can use real market data to test your theories and strategies without risking a dime. In addition our range of platforms for Apple and Android mobile devices will seamlessly allow you to access and trade on your account from your smartphone or tablet with full account functionality.
When you trade forex, you're effectively borrowing the first currency in the pair to buy or sell the second currency. With a US$5-trillion-a-day market, the liquidity is so deep that liquidity providers�the big banks, basically�allow you to trade with leverage. To trade with leverage, you simply set aside the required margin for your trade size. If you're trading 200:1 leverage, for example, you can trade �2,000 in the market while only setting aside �10 in margin in your trading account. For 50:1 leverage, the same trade size would still only require about �40 in margin. This gives you much more exposure, while keeping your capital investment down.
Our focus is on long-term and mutually beneficial relationships with our clients. We were one of the first companies to introduce STP/NDD processing for online forex trading. This enabled us to offer some of the most competitive and eye-catching spreads for currency pairs while charging one of the lowest commissions in the retail market. Today Trader's Way is a fast-growing company that is trusted by thousands of customers worldwide. Nevertheless, we are not resting on our laurels; instead, we are continually developing and implementing new technologies for customer service and bringing maximum automation to all interactions between the client and the forex broker. We were one of the first on the market to implement cTrader, a trading system perfect for ECN trading which offers short response time ideal for algorithmic trading.