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IG International Limited receives services from other members of the IG Group including IG Markets Limited. Just remember that you only need to pay overnight funding charges if your position is held overnight. You can monitor the profit/loss of your position in the ‘open positions’ section of the dealing platform. The chart displays the high-to-low range with a vertical line and opening and closing prices. The difference to the bar charts is in the ‘body’ which covers the opening and closing prices, while the candle ‘wicks’ show the high and low. There are four traditional majors – EURUSD, GBPUSD, USDJPY and USDCHF – and three known as the commodity pairs – AUDUSD, USDCAD and NZDUSD. No one makes it easier, open an account or try our demo account to get started while you build your skills.


A scalp trade consists of positions held for seconds or minutes at most, and the profit amounts are restricted in terms of the number of pips. Such trades are supposed to be cumulative, meaning that small profits made in each individual trade add up to a tidy amount at the end of a day or time period. They rely on the predictability of price swings and cannot handle much volatility. Therefore, traders tend to restrict such trades to the most liquid pairs and at the Forex news busiest times of trading during the day. The blender company could have reduced this risk by short selling the euro and buying the U.S. dollar when they were at parity. That way, if the U.S. dollar rose in value, then the profits from the trade would offset the reduced profit from the sale of blenders. If the U.S. dollar fell in value, then the more favorable exchange rate would increase the profit from the sale of blenders, which offsets the losses in the trade.

Understanding the Forex

Trade popular currency pairs and CFDs with Enhanced Execution and no restrictions on stop and limit orders. Test your trading strategies risk free with an FX demo account, complete with $10,000 virtual funds. An account type with the best trading conditions available at the company. It provides balanced conditions for efficient trading on the currency and other types of markets. RoboForex provides for its clients best promotional offers on financial markets. Further driven by the COVID-19 pandemic that struck in March 2020 and the subsequent acceleration to the online environment – the need for electronification has never been greater. DotBig overview trading involves significant risk of loss and is not suitable for all investors.

  • If you want to trade forex via CFDs, you’ll need an account with a leveraged trading provider.
  • There are many choices of forex trading platforms, including some that cater to beginners.
  • The exchange acts as a counterparty to the trader, providing clearance and settlement services.
  • Most forward trades have a maturity of less than a year in the future but a longer term is possible.
  • It is important to remember that profits and losses are magnified when trading with leverage.
  • Investopedia does not include all offers available in the marketplace.

Open a long position, and if the Forex position increases in price you’ll make a profit. In order to make a profit in foreign exchange trading, you’ll want the market price to rise above the bid price if you are long, or fall below the ask price if you are short.

What is trading?

It works because those banks act as market makers – offering a bid price to buy a particular currency pair, and a quote price to sell a DotBig broker pair. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. You should always choose a licensed, regulated broker that has at least five years of proven experience. These brokers will offer you peace of mind as they will always prioritise the protection of your funds. Once you open an active account, you can start trading forex — and you will be required to make a deposit to cover the costs of your trades. This is called a margin account which uses financial derivatives like CFDs to buy and sell currencies. The foreign exchange market is considered more opaque than other financial markets.


The risk management implication is that banks should adhere strictly to FX regulations and endeavor to operate within regulatory requirements and guidelines at all times. Critical issues often border on documentation, disclosure, and reporting requirements for FX sources and transactions.