In forex trading, the aim is to speculate on the price movements of currencies in order to profit. This is a very active form of trading, also known as currency trading or foreign exchange trading, and takes place on the forex market where currencies are traded in pairs. Buying one currency involves simultaneously selling another currency, with one currency acting as the base currency and the other currency acting as the quote currency, which determines the currency pair price. Price movements in the forex market are influenced by many factors, but generally reflect the economic conditions of the countries involved.
Unlike stocks or commodities, Forex trading doesn't take place on a centralized exchange, but through a global network of banks. This means that the trading is decentralized and conducted over the counter (OTC). Forex trading can therefore be carried out 24 hours a day, five days a week, as the market is global and not tied to a specific exchange.
Forex CFD trading is a derivative financial instrument where traders do not acquire physical ownership of currencies but speculate on their price movements. The Forex CFD reflects the value of an underlying asset. In these transactions, traders typically use leverage, meaning that a higher trading position can be entered with a smaller amount of capital. It is important to note, however, that leverage can amplify both gains and losses.
Trading with FXFlat
The brokerage account consolidates the price quotations of the 17 largest banks in the global interbank market. Benefit from transparent prices, with no hidden spreads or opaque costs. You gain access to the interbank market with the lowest spreads and favorable commissions.
At FXFlat, you have the opportunity to trade among 24 currencies, including USD, EUR, GBP, CHF, CAD, JPY, AUD, CNH, CZK, DKK, HKD, HUF, ILS, MXN, NOK, NZD, PLN, RUB, SEK, SGD, TRY, ZAR, and KRW.
Take advantage of fast and simple order transmission in the Trader Workstation.
Commissions starting from only 0.2 basis points * volume