Forex Trading

The (ECT) Forex offering is one of the most competitive in the world. Access the world’s largest and most liquid market with Raw spreads starting from 0.0 pips.

Foreign exchange trading involves trading one currency pair against another, predicting that one currency will rise or fall against another. Currencies are traded in pairs, like the Euro versus the US Dollar (EUR/USD).

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Facts

What is Forex Trading?

Forex (FX) market is a global electronic network for currency trading. It has no central physical location, yet the forex market is the largest, most liquid market in the world by trading volume, with trillions of dollars changing hands every day. Most of the trading is done through banks, brokers, and financial institutions.

How does Forex Trading work?

Forex trading is similar to trading shares except that when trading foreign exchange you are buying or selling one currency against another and you do not take delivery of the underlying currency. One of the key advantages Forex has over other financial instruments is that relatively small lot sizes can be traded – lot sizes can be as small as 1000 units (one micro lot). Typically, foreign exchange also involves leverage which in some cases can be as high as 1:1000, which is very different to trading shares where no leverage is involved.

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