Forex

FOREX TRADING

 

Open 24 hours a day 5 days a week, the foreign exchange market is the largest and most liquid market in the world with volumes of over $4 trillion a day surpassing any exchange based market.

Foreign exchange trading involves trading one currency pair against another, predicting that one currency will rise or fall against another. Currencies are traded in pairs, like the Euro versus the US Dollar (EUR/USD).

Forex Trading Examples

  • 1
    The gross profit trading position
    Opening Price €200,000 x 1.33623 = USD $267,246 Closing Price €200,000 x 1.32129 = USD $264,258 Gross Profit on Trade $2988
  • 2
    Opening the Position
    The price of the Euro against the US Dollar (EUR/USD) is 1.33623/1.33624 and you decide to sell 2 standard lots (the equivalent of €200,000) at 1.33623.
  • 3
    Closing the Position
    One week later the Euro has fallen against the US Dollar to 1.32128/1.32129 and you decide to take your profit by buying back 2 standard lots at 1.32129.

Forex

Facts

 

  • Over 65 currency pairs
  • Tight spreads from 0.0 pips
  • Up to 1:500 leverage
  • Deep liquidity
  • Trade 24 hours a day
  • five days a week

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Forex Spreads

Kumomarkets offers Forex traders some of the tightest spreads out of all Forex exchange brokers globally with our EUR/USD spread averaging 0.1 pips. Tight spreads combined with our low latency enterprise grade hardware makes Kumomarkets the ideal choice for active day traders and those using Expert Advisors. The table at the bottom of this page shows our minimum and average spreads across all of the major currency pairs.

Forex