Forex

Trade forex with us and discover the world's biggest and most liquid market.

The forex market is known for being the biggest and most liquid market in the world. Worth over $5.3 trillion dollars per day, it is the place for traders from all around the world to buy, sell or exchange currencies at the current market price. The forex market is the place for all traders to trade the world’s most popular tradable instrument.

Advantages of Trading Forex with Guardian Capital

  • Trade any time anywhere
  • Access to educational video series
  • Free ebook and educational tools
  • 24/5 live help

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The forex market is by far the largest and most liquid market in the world. Because the forex market is so large and decentralized, not one country or central bank has the power to corner the market or fix the rates.
This is why the forex market is open 24 hours per day except on weekends, opening at 22:00 GMT on Sunday in Sydney, until 22:00 GMT on Friday in New York.

  • Majors EUR/USD | GBP/USD | USD/JPY | USD/CHF
  • Minors NZD/USD | USD/CAD | AUD/USD
  • Crosses GBP/JPY | EUR/JPY | EUR/CHF | AUD/JPY | CHF/JPY | NZD/JPY | EUR/AUD | EUR/NZD | EUR/CAD | GBP/CHF | GBP/AUD | GBP/CAD CAD/CHF | AUD/CHF | AUD/CAD | AUD/NZD | GBP/NZD | NZD/CHF
  • Exotics USD/CNH | USD/TRY | XAG/USD | USD/CNH | NOK/SEK | USD/PLN | USD/HUF | EUR/HUF | EUR/PLN | EUR/TRY | USD/MXN | EUR/MXN | USD/SGD | USD/HKD | SGD/JPY | USD/ZAR | USD/SEK | USD/NOK | EUR/SEK

Forex Trading Basic Terms

The most popular pair traded is the Euro vs. the American Dollar, or EURUSD. The currency on the left is called the base currency, and is the one we wish to buy or sell; the one on the right is the secondary currency, and is the one we use to make the transaction. Each pair has two prices – the price for selling the base currency (bid) and a price for buying it (ask). The difference between them is called a spread, and represents the amount brokers charge to open the position. The more a currency is traded, i.e. high volatility, its spreads will be narrower. The rarer the pair is, the wider the spreads will be.

Usually a quote will be presented with four numbers after the dot, for instance 1.2356. In the case of EURUSD it means for every Euro the trader wishes to buy he will have to invest 1.2356 US dollars. Any change in the currency value will usually be seen on the fourth figure after the dot, mainly known as a pip. The spreads, gains and losses will usually be presented in pips.

Some other terms of the online forex trading world are Going long and Going short, which stand respectively for ‘buying’ and ‘selling’. A trader who speculates the market will rise is called a ‘Bullish Trader’, while on the other side stands the ‘Bearish Trader’, who is more on the defensive side. In accordance, the terms ‘Bull Market’ and ‘Bear Market’ are used to describe the way the market goes.

A bull market is on the rise, and a bear market is usually decreasing. Experienced traders will decide their strategy depending on the market trends, and will make sure to follow all relevant events so they can precede the changes in the market and gain profit. In the past, every trader called his broker and instructed him on actions to be made. Today the trades are done directly by the client on a software, called a trading platform. Many of the platforms are available for computer, internet and mobile. Every trader has his own strategy, and he should find the platform that will enable him to perform it in the best way possible, i.e. that he will feel most comfortable in.

  • Who is a Forex Trader?

    An FX trader is any individual who exchanges one currency for another. Individual traders commonly use different platforms to exchange foreign currency. These include banks, financial institutions, money changers, or FX brokers. Most trades are completed over-the-counter, which means that the trade is facilitated via a bank rather than a centralised entity.

  • What is a Forex Pip?

    PIP is the abbreviation of “point in price” or percentage in point” and it is the smallest unit of price movement in the foreign exchange market. For example, when the exchange rate of EUR/USD moves to 1.1552 from 1.1550, the currency pair has risen by 2 pips (or 0.0002).

  • What is Forex Scalping?

    Forex scalping is a trading strategy which aims to benefit from small price movements in the market. Scalp traders will target intraday price movements and only hold positions for a small amount of time to take advantage of small market opportunities. Forex scalpers must be prepared to monitor the markets all day long.

  • What is Forex Leverage?

    Forex leverage is offered by brokers to enable traders to maximize their trading potential. The forex market offers higher leverage than other markets, and this attracts potential traders. Leverage allows traders to deposit small amounts and trade with high volumes. The term ultimately means borrowing money in order to increase the potential returns on a trade, but this means losses get increased too.

  • What is a Forex Spread?

    The difference between the ask price and bid price is known as the spread. The spread represents the cost of a transaction; the lower the spread, the lower the cost. A spread is influenced by a number of factors: the supply of the asset, the stock’s trading activity, and the total demand or interest in a particular asset.

  • What is Forex Hedging?

    Hedging is a technique designed to reduce the risk caused by adverse price fluctuations. Investors and traders might implement a forex hedge in order to protect their position from risk as exchange rates change. Foreign currency options are a common hedging method, and grant the trader the possibility to buy or sell at a future exchange rate.

  • What is a Forex Swap?

    A swap is simply an exchange of one currency for another. At a later date, the two parties who made the swap will receive their original currency back with a forward rate. The forward rate locks in a specific exchange rate and therefore acts as a kind of hedge. The swap varies significantly among different financial instruments.

  • What is a Forex Drawdown?

    A drawdown is the difference between a relative peak and a relative trough in the value of an investment. After a new high is reached, drawdowns track the percentage change between the previous high and the smallest trough. In this way, drawdowns are useful for determining the financial risk of a certain asset.

  • What is Forex Slippage?

    Slippage refers to the difference between the requested price of a trade and the price at which it is eventually executed. Slippage is usually found when the markets are particularly volatile, and prices have moved quickly during the time it takes for the trade to be ordered and completed. Slippage can have positive and negative consequences.

For all FX instruments the following specifications apply:

  • Contract Type: Spot
  • Trading Hours: 00:00-24:00 Monday to Friday
  • Min Trading Size: 0.01
  • Margin Requirement: Depends on Leverage (See 1. below)
  • Contract Size: 100 000 units

Why Trade Forex with GCG Asia?

When trading forex, as well as any other instrument, you must be able to trade with confidence. Profits can never be guaranteed, and any type of trading has its advantages and disadvantages, as well as the risk of losing funds.

At GCG Asia we are committed to a set of values which define our relationship with our customers. As such, we provide the best trading experience possible, offering top notch 24/5 multilingual customer service and the most advanced and user-friendly trading platforms.