Trade forex on an award-winning platform
As the world’s most-traded financial market, foreign exchange presents a wealth of opportunities for those who can harness its inherent volatility. Open a forex trading account and use our award-winning platforms to take advantage of movements in currency prices.
What is forex trading?
Forex trading is the simultaneous buying and selling of the world’s currencies on a decentralised global market. It’s also referred to as the foreign exchange or FX market. As one of the largest and most liquid financial markets in the world, its total average turnover per day is reported to exceed $5 trillion. The forex market is not based in a central location or exchange so is open to trade 24 hours a day, from Sunday night through to Friday night.
How do you trade forex?
Our forex pairs are available to trade as contracts for difference (CFDs). When trading forex, you speculate on whether the price of one currency will rise or fall against another.
For example, if you choose to trade GBP/USD (British pound/US dollar) and you think the value of the GBP will rise against USD, you go long (buy). If you think GBP will fall against USD, you go short (sell). If your prediction is correct, you make a profit. If your prediction is incorrect, you would make a loss. Remember, losses can exceed deposits.
Forex is always traded in currency pairs, for example EUR/USD. The first currency (EUR) is called the ‘base currency’. The second currency (USD) is known as the ‘counter currency’. The way currencies are displayed shows us how many units of the counter currency you can buy with one unit of the base currency. This is the exchange rate, or in other words, how many US dollars you can buy for one euro.
You can trade CFDs on over 300 currency pairs via our platform. Currency pairs can generally be divided into three groups: major, minor and emerging.
Most of these pairs contain the US dollar as either the base or counter currency. They are the most frequently traded. Major currencies pairs include EUR/USD, GBP/USD and USD/CAD
Currency pairs which do not contain the US dollar are known as minor currency pairs. Examples include EUR/GBP, EUR/CHF, GBP/JPY and CHF/JPY.
Also known as exotic pairs, these are made up of a major currency paired with an emerging or small but strong economy. Emerging currency pairs include USD/NOK, USD/HKD and EUR/CZK.
Why trade forex with Bank of Bullion ?
Get an edge with our award winning web-based platform and mobile apps
Practise trading forex on a demo account, in an environment with reduced risk.
Get friendly expert support during market trading hours Monday to Friday
Identify FX opportunities on clear, fast charts as standard, and deepen your analysis with Real Time data.
Get peace of mind trading forex with the world’s No.1 CFD provider.
Open an account quickly and easily – you could be set up and trading forex today.
Learn to trade forex
When you trade CFDs on forex pairs, you are speculating on whether you think the price of one currency will rise or fall against the other.
CFDs are a leveraged product. This means you only need to put down a small initial deposit, known as margin, to enter a trade. Trading using leverage can enhance losses as well as profits, which means any losses you make can exceed your initial deposit on the trade. Learn about different trading strategies, as well as fundamental and technical analysis.
Our Trading Platform
To provide our customers with the most pleasing trading experience, we make use of user friendly and intuitive trading platforms. You can always sign up for a demo trading account and try it for yourself. The platform provides you with prompt access to financial markets 24/7.
Our trading platform is available in both web and mobile downloads, which means you can access live quotes, portfolio news, market news and place orders anytime. Our mobile applications have received numerous positive feedback from happy traders worldwide.