There are many reasons why this market would appeal to both new and experienced traders, and just some of them include.

• Accessibility, because with the power of leveraging you can trade large amounts of forex with just a small amount of capital;
• Reliability, because with trading taking place on the largest market in the world there are fewer opportunities for individuals and institutions to manipulate prices;
• Ease of trading, because with this being such a large market, liquidity is incredibly high;
• Benefit from long and short trades, because it is possible to trade currencies without acquiring them;
• Harness the power of technology, because trading platforms for forex allow you to trade almost instantly in a live environment;

Availability of forex trading occurs on a worldwide market which offers the opportunity to trade 24 hours a day, five days a week.

An order type that is labeled “Market” is an order that executes the trade at the time of order entry. As there is no set price level to input for this type of order, once the trade is placed, the fill price will be determined on the current market price.

A stop order is typically utilised to set a loss limit in case market goes in the opposite direction of your trade. A limit order is typically utilised to set a target objective should market go in your direction. You do have the ability to set a stop order or limit order as an entry, instead of an exit as previously mentioned.

You can simply create a demo account to practice placing a variety of trades in the market. You can also apply technical indicators on the charts and get familiar with the market in a test environment.

Yes, some news events can have a direct impact on the market. To be aware of any upcoming news events, you can visit our Economic Calendar section for all the latest news.

As the market closes on Friday and re-opens on Sunday, elements such as economic or political circumstance that transpire during the weekend, may cause the market to gap up or down on Sunday open.

Please visit our Learn section.