Getting Started with FX
Step into the Largest Currency Market in the World
What is Forex?
Forex trading dominates the world’s financial markets. The currency market is highly volatile and dynamic, achieving daily volumes of trillions of dollars. The majority of trading is carried out by big institutional investors like national banks and major funds, but individual private investors are accounting for a larger share of the global forex market every year. The TradingTeck platform connects you directly to the markets and gives you leveraged exposure to all of the world’s leading currencies.
The Basic Principles of Currency Trading
Currency trading is like any other form of transaction. The goal is to buy a currency at a low rate and sell it at a high rate. Currency exchange rates tend to constantly rise and fall against each other due to numerous factors, such as world economics, government policies, natural factors, international trade, market sentiment and political factors. Your ultimate goal as a Forex trader is to make profits resulting from these rate changes by speculating on upcoming market movements.
You decided to buy $250 for your next US vacation with your euros.
After a week, you exchange the dollars back to euros, and make a profit of $75.
How did you do it?
When you first bought the $250 a week ago, the EUR/USD exchange rate was 0.9 EUR. After you came back from your trip, the EUR/USD exchange rate was 1.2 EUR. This 0.3 gap in exchange rates is what credited you with $75. And in other words: you bought dollars at a low rate and sold them back at a higher rate.
What are exchange rates?
It’s the continual fluctuations in exchange rates – and the inherent volatility of the forex market – that makes it possible to profit from currency trading. To trade effectively you have to understand the basics of fundamental analysis and all the diverse factors that affect the relative value of currencies.
The strength of a country’s currency is a good indicator of that country’s economic health. The value of the currency will be immediately affected by government policy changes, global events or disasters, as well as economic events like employment figures and changes to the interest rate. If you can identify these factors and predict their effect on the markets, you can open profitable positions on dozens of currencies.
Enjoy Low Cost Investing on the Global Forex Market
TradingTeck offers all traders low cost commission free investing. There are no hidden fees or service charges. Instead we offer highly competitive fixed spreads on dozens of the world’s major currencies. The investment process is completely transparent and allows hands on account management.
Trade Forex as Contracts for Difference – CFDs
Contracts for Difference or CFDs are a convenient modern investment product that gives you leveraged exposure to forex, without actually purchasing any foreign currencies. You can make fast investments, with full risk management, and restricted liabilities. To learn more about the advantages of CFDs click here.
Below are TradingTeck most popular forex assets:
For a full list of our available assets visit our Asset Index.
Open Leveraged CFD Trades on Forex
TradingTeck traders can use up to x200 leverage to boost their initial investments and gain a high level of market exposure. Leverage enables you to aim for significant profits while utilizing modest investment capital. We strongly recommend that you visit our Education Center to learn more about how to use leverage effectively.
Advantages of Trading Forex at TradingTeck
FX trading is relatively different than most other forms of trading. Opening a position enables you to speculate on future currency pair movements through investing a reasonably small amount of capital and without paying fees to any third parties. Unlike traditional trading, there is no actual need to physically exchange currencies. Instead, what you are trading on is the price movements of your selected currency pair.
Who can trade Forex?
Online Forex trading is already a highly popular form of investment with millions of traders worldwide. Almost anybody can trade Forex if they are willing to apply the basic principles of risk management. The TradingTeck online Education Center contains all the learning tools and educational resources that you need to begin online Forex trading.
Many of TradingTeck top investors signed up as absolute beginners with no experience of the financial markets. They used the Education Center and free Demo Account to master the basics of Forex trading. Forex traders range from novice investors who trade part time, to expert investors who manage complex personal portfolios on a full time basis. The TradingTeck platform gives you the freedom to set your own financial goals and manage your own investments.
New to CFD Trading?
Choose the account type that best matches your initial trading budget and expectations and we will help you to get the very best out of your trading experience.
- Open a trading account
- Fund your account
- Get a premium training package and learn to trade
Choose the account type that best matches your experience level and financial goals. Your account manager will be available to discuss how best to enter the markets.
- Open a trading account
- Fund your account
- Start Trading