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FOREX TRADING

There’s a distinct rationale behind the foreign exchange, or forex, claiming its status as the world’s most extensive financial market. It grants individuals the ability to capitalize on trading prospects stemming from shifts in currency valuations. Whether you opt for short or long positions on Forex CFDs, you can leverage the favorable trading circumstances provided by Fortuno Markets and immerse yourself as an engaged participant in the global forex trading arena.

forex-trading

WHY TRADE CFDs ON FOREX WITH FORTUNO

50+

Currency pairs – majors, minors & exotics

0.0

Ultra-tight spreads

1:2000

Account Leverage

13

Powerful trading platforms

18

Superior trading tools

24/7

Customer Support

WHAT IS FOREX TRADING?

Forex, short for foreign exchange, is a decentralized global market where currencies are traded. One of the key advantages of forex trading is that it allows individuals and institutions to seize trading opportunities on currency volatility. This is because the value of currencies is constantly changing in response to various economic and geopolitical factors, such as interest rates, inflation, political instability, and natural disasters.

By trading Forex CFDs, individuals can buy and sell currencies with the aim of making a profit from the difference in exchange rates. For example, if you believe that the value of the US Dollar will increase against the Euro, you can buy US Dollars with Euros at the current exchange rate. If your prediction is correct and the value of the US Dollar does increase, you can sell your US Dollars for more Euros than you originally paid, making a profit.

Forex trading also offers several other advantages, such as leveraged trading, high liquidity, low transaction costs, and the ability to trade 24 hours a day, five days a week. You can choose between the MT4 and MT5 platforms and the Fortuno Markets App to start trading Forex.

Fortuno Markets has created a dedicated page on What Forex Trading is.

Traders need to stay up to date with economic news and events that can affect currency prices. You can find out when major economic news is due for release on our Economic calendar.

FAQs

Before trading, study basic forex strategies and learn how to analyze currency markets properly. Then, open an Fortuno Live or Demo Account and choose your trading platform. Lastly, select your currency pair and open your first position.

Some of the most traded Forex pairs are:

  1. EUR/USD (Euro/US Dollar)
  2. USD/JPY (US Dollar/Japanese Yen)
  3. GBP/USD (British Pound/US Dollar)
  4. USD/CHF (US Dollar/Swiss Franc)
  5. AUD/USD (Australian Dollar/US Dollar)
  6. USD/CAD (US Dollar/Canadian Dollar)
  7. NZD/USD (New Zealand Dollar/US Dollar)

These currency pairs are referred to as major currency pairs, and they account for more than 80% of the daily trading volume in the Forex market.

At Fortuno Markets, we offer multiple account types to suit the specific requirements of different traders. Whatever your trading strategy, level of funding or appetite for risk, there is an account to match your needs. Please, check our Accounts Page for more information.

The Forex market is open 24 hours a day, five days a week and traded online with price quotes changing constantly. There are generally four main trading sessions:

  • Sydney session
  • Tokyo session
  • London session
  • New York session

Both the Sydney and Tokyo sessions are customarily referred to as Asian sessions. This is why Forex is usually referred to as the 3-session market: Asian, London, and New York. Trading hours may vary depending on the currency pair you wish to trade.

Yes, you can trade Forex on your phone using the Fortuno App. Our award-winning app allows you to access the Forex market and trade currencies from anywhere in the world and manage your positions while on the go.
The Fortuno App is available on Android and can be downloaded for free from the Google Play.

Overall, trading Forex can offer numerous opportunities for profit, but it also carries a high level of risk of loss. Therefore, it's important to approach Forex trading with a sound trading plan and a disciplined approach to risk management. At Fortuno, you can access a wide variety of educational resources to help you improve your trading skills.