Forex Trading

There is a reason why the foreign exchange or forex is the largest financial market in the world; it empowers everyone to seize trading opportunities on currency fluctuations. Go short or long on Forex CFDs, take advantage of the superior trading conditions offered by HFM and become an active forex trader in the global markets.

WHY TRADE CFDs ON FOREX WITH HFM

50+

Currency pairs – majors, minors & exotics

0.0

Ultra-tight spreads

1:2000

Account Leverage

13

Powerful trading platforms

18

Superior trading tools

24/5

Customer Support

Forex Major pairs Contract Specifications

Important

  1. Swaps values may be adjusted daily based on market conditions and rates provided by our Price Provider applicable to all open positions. Triple swaps are applied every Wednesday.
  2. Server Times: Winter: GMT+2 and Summer: GMT+3 (DST) (last Sunday of March and ends last Sunday of October).
  3. During the time period from 23:55 to 00:05 server time increased spreads and decreased liquidity can take place due to daily bank rollover. In case of inadequate liquidity/spreads during bank rollover, widened spreads and excessive slippage may occur. Therefore orders may not be executed during these times.

Calculating Forex Margin Requirements – Example

Account Leverage:1:400
Account base currency:USD
Position:Open 10 lots BUY EURUSD at 1.21745
1 Lot size:100,000 units
Notional value is:10 * 100,000 * 1.21745 = 1,217,450 USD
Margin required is:1,217,450 USD / 400 = 3,043.63 USD

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 HFM App to start trading Forex.

HFM 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.

HOW TO START TRADING CFDs ON FOREX

Ready to learn more about forex trading?
Visit our Trading Education Center for more.

CHOOSE YOUR CFD FOREX TRADING PLATFORM

Access a wide range of desktop, web and mobile Trading Platforms including the HFM platform, MetaTrader 4 and MetaTrader 5.

MetaTrader 4

Enter and exit trades at specific price levels and manage their risk effectively.

MetaTrader 5

Select your preferred currency pairs and use the platform's advanced trading tools to open, manage, and close your positions.

Frequently asked questions

How do I get started with Forex trading?

Before trading, study basic forex strategies and learn how to analyze currency markets properly. Then, open an HFM 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:

  • EUR/USD (Euro/US Dollar)
  • USD/JPY (US Dollar/Japanese Yen)
  • GBP/USD (British Pound/US Dollar)
  • USD/CHF (US Dollar/Swiss Franc)
  • AUD/USD (Australian Dollar/US Dollar)
  • USD/CAD (US Dollar/Canadian Dollar)
  • 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 HFM, we offer multiple account types to suit the specific requirements of different traders, including accounts with no minimum deposit. 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:

  1. Sydney session
  2. Tokyo session
  3. London session
  4. 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 HFM 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 HFM App is available for both Android and iOS devices and can be downloaded for free from the App Store or 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 HFM, you can access a wide variety of educational resources to help you improve your trading skills.