Trade Foreign Exchange

Trading foreign exchange (Forex or FX) involves purchasing and selling currencies. The objective of traders is to profit from fluctuations in exchange rates between currency pairs. For instance, a trader may purchase the US dollar (USD) and sell the euro (EUR) if they anticipate the USD’s value to appreciate relative to the EUR.

To identify trading opportunities, traders can utilize a variety of trading strategies, such as technical analysis, fundamental analysis, or a combination of both.

FX trading carries risks, including the potential for loss due to market volatility or changes in exchange rates. It is essential to comprehend the risks involved and establish a sound trading plan.

Our financial advisors can offer customised advice based on your individual requirements and objectives.

Why You should consider trading Foreign Exchange

The foreign exchange market is the most highly traded and liquid market in existence and features the trading of the national currencies of the world’s superpowers. These countries have an important impact on the global economic climate, and their currency values correlate with the environment and political factors, making forex a prime market for traders.

Wide selection of World’s currencies

markethousepro offers the World’s most highly traded forex currencies, including USD, GBP, JPY, EUR, as well as less popular ones, such as TRY, RUB, HKD, and many more.

Advanced technical analysis

By paying close attention to chart patterns and technical indicators, traders can easily analyse forex market trends and improve their trading results.

Easy for both professionals and beginners

The forex market is very popular for professional traders who know its opportunities, but it is an equally good place to start a trading journey.

How does Foreign Exchange margin trading work?

Margin trading is a process where a trader can borrow funds from markethousepro in order to open a larger position than the actual amount of funds deposited. Such trade will only require a fraction of the total position value, known as margin.

If your forex margin trade is successful, you will be able to make more profit than you would without using leverage. However, if the trade is unsuccessful the losses can be magnified too.

You should always consider downside potential and take steps to manage your risk.

What is Foreign Exchange?

The foreign exchange market is the market for global currencies, but what is currency trading? Currency trading is among the most popular markets to trade and the most liquid and well established in the world. That’s because it consists of the most prominent national economies across the globe, and the currencies that represent each region, and the forex market dictates the exchange rate for each and every national currency.

Each nation’s fiat currency is impacted by a number of factors, including supply and demand, national debt, political factors, natural disasters, events, and much more. Because so many different things can affect the price of forex currencies, causing them to fluctuate, each makes for a great asset to trade, and because each country is impacted by its own unique factors, each trading pair behaves differently.

The forex currency market trades 24 hours a day, except for weekends.

How Forex trading works?

Forex currency trading works by taking a long or short position depending on which direction the trader expects the market to move. Using markethousepro advanced trading tools and built-in charting software, a trader can plan the perfect entry point or exit via detailed technical analysis, and then put the strategy into practice. Both long and short orders can also be opened simultaneously to take hedge positions and further minimize risk or maximize profit opportunity.

What currencies trade in Forex?

The forex market, short for the foreign exchange market, is the highest volume market in the world, and important enough to set the international exchange rate of all currencies from around the globe.

Each foreign exchange currency is traded by a broker in a trading pair against another forex currency. For example, the United States dollar can be traded in a pair against the Japanese yen. The below guide will briefly outline the benefits of each of the major currency pairs to trade, as well as the benefits of some of the more exotic currency options offered by markethousepro .

Major currency pairs to trade

The four major forex currency pairs available for trading include EUR/USD, GBP/USD, USD/JPY, and USD/CHF. The major pairs are all based on the US dollar, which is the currency of the largest economy in the world, and the major reserve currency across the globe. Most assets and markers are priced in USD, making it a natural fit for many of the highest traded forex currency trading pairs.

Exotic currency pairs to trade

markethousepro also offers more exotic forex currency pairs, including AUD/CAD, EUR/CHF, GBP/JPY, and many more. In total, markethousepro provides traders access to 14 exotic trading pairs in addition to the four major forex currency trading pairs. These more obscure and exotic markets make for a unique trading experience as each currency in the pair reacts to different sets of factors causing price fluctuations.