Forex Trading
All trading involves risk. It is possible to lose all your capital.
Participate in the $6.6-trillion-a-day FX market with Defi Whalestrade. Trade forex with CFDs via our leading MetaTrader 4 trading platform. You can access more than 80 currency pairs including the most traded currency pairs such as the EUR/USD, GBP/USD or USD/JPY and benefit from tight spreads and low costs.
The large volume of daily currency trades equates to volatility in some currencies’ price movements. You can generate revenue by speculating on whether prices will rise or fall.
However, having the appropriate risk-management strategies in place is critical in order to manage your finances and hedge against unexpected volatility.
Reason For trading Forex
High Liquidity01
The forex market is one of the most attractive markets to trade because of the large number of currencies traded on a daily basis. This means there will always be someone willing to buy or sell your currency.
Flexibility03
The forex market is flexible allowing traders to trade currencies 24 hours a day and five days a week.
Competitive Spreads02
Get the best prices by trading forex with fixed or flexible spreads, starting from 1 pip.
Leverage04
With margined trading, you can utilise your capital effectively as you only need to provide a percentage of the total value of your position. With leverage, you increase your potential to make profits, but you also increase your exposure to currency volatility if the market moves against you.
What is Forex Trading?
Contracts for difference (CFDs) allow you to buy (go long) or sell (go short), and so you can profit but can also make a loss from price movements. Currencies are always traded in pairs, e.g. Euro versus the US Dollar (EUR/USD).
When trading forex, you are buying or selling one currency against another and do not physically buy and exchange the underlying currency.
The Foreign Exchange Market, also known as the Forex market, is a global marketplace where currencies are traded. The Forex market is made up of many types of markets which include spot markets as well as derivatives markets. The CFD (Contracts for Difference) derivatives market is the most popular for retail clients.
In forex trading, the spot price of a currency is influenced by many factors which include the economic outlook, geopolitical events and news and data releases.