What is Forex?

Foreign exchange, commonly known as Forex, is a global marketplace where currencies are traded. When one currency is sold, another is bought in exchange. The key factor in Forex trading is the exchange rate between two currencies, which constantly fluctuates. These fluctuations create opportunities for traders to profit from market movements.

With a staggering daily trading volume of $6.5 trillion, the Forex market surpasses even the New York Stock Exchange (NYSE), which sees a comparatively smaller daily volume of $22.4 billion.

The vast scale of the Forex market attracts a diverse group of participants, including central banks, investment managers, hedge funds, corporations, brokers, and retail traders. Notably, around 90% of market participants engage in Forex trading primarily for speculation.

Why Trade Forex With FinFlyMarkets?

Forex trading requires a good understanding of market dynamics and a well-thought-out strategy. It's important to manage risks and stay informed about global events that can impact currency values.

  • Accessibility :- The forex market is accessible to retail traders, with many online platforms available.
  • Flexibility :- The 24-hour nature of the market allows for trading at convenient times.
  • Diverse Opportunities :- With many currency pairs available, there are numerous opportunities to trade based on global economic events.

Pick Your Pairs

The Forex market operates Monday – Friday 00:05 – 23:50 GMT+1

Symbol Average Spread (pips Spread As Low As (pips) Max Leverage
John's Photo AUDCAD

Australian Dollar Vs Canadian Dollar

0.210.181:1000
John's Photo AUDCHF

Australian Dollar Vs Swiss Franc

0.200.171:1000
John's Photo AUDJPY

Australian Dollar Vs Japanese Yen

0.260.241:1000
John's Photo AUDNZD

Australian Dollar Vs New Zealand Dollar

0.360.331:1000
John's Photo AUDUSD

Australian Dollar Vs U.S. Dollar

0.220.201:1000
John's Photo CADCHF

Canadian Dollar Vs Swiss Franc

0.220.201:1000
John's Photo CADJPY

Canadian Dollar Vs Japanese Yen

0.290.261:1000
John's Photo CHFJPY

Swiss Franc Vs Japanese Yen

0.300.281:1000
John's Photo EURCAD

Euro Vs Canadian Dollar

0.260.241:1000
John's Photo EURAUD

Euro Vs Australian Dollar

0.230.211:1000
John's Photo EURCHF

Euro Vs Swiss Franc

0.250.231:1000
John's Photo EURGBP

Euro Vs British Pound

0.220.201:1000
John's Photo EURJPY

Euro Vs Japanese Yen

0.240.211:1000
John's Photo EURNZD

Euro Vs New Zealand Dollar

0.350.311:1000
John's Photo EURSGD

Euro Vs Singapore Dollar

0.250.211:1000
John's Photo EURTRY

Euro Vs Turkish Lira

70.2070.001:1000
John's Photo EURUSD

Euro Vs U.S. Dollar

0.150.111:1000
John's Photo GBPCAD

British Pound Vs Canadian Dollar

0.280.251:1000
John's Photo GBPCHF

British Pound Vs Swiss Franc

0.350.331:1000
John's Photo GBPJPY

British Pound Vs Japanese Yen

0.310.271:1000
John's Photo GBPUSD

British pound Vs U.S. Dollar

0.180.151:1000
John's Photo GBPAUD

British pound Vs Australian Dollar

0.380.361:1000
John's Photo GBPNZD

British Pound Vs New Zealand Dollar

0.290.261:1000
John's Photo NZDCAD

New Zealand Dollar Vs Canadian Dollar

0.300.281:1000
John's Photo NZDCHF

New Zealand Dollar Vs Swiss Franc

0.240.201:1000
John's Photo NZDJPY

New Zealand Dollar Vs Japanese Yen

0.290.271:1000
John's Photo NZDUSD

New Zealand Dollar Vs U.S. Dollar

0.230.201:1000
John's Photo USDCAD

U.S. Dollar Vs Canadian Dollar

0.220.201:1000
John's Photo USDCHF

U.S. Dollar Vs Swiss Franc

0.270.241:1000
John's Photo USDHKD

U.S. Dollar Vs Hong Kong Dollar

0.300.281:1000
John's Photo USDJPY

U.S Dollar vs Japanese Yen

0.220.201:1000
John's Photo USDSGD

U.S. Dollar Vs Singapore Dollar

0.310.291:1000
John's Photo USDTRY

U.S. Dollar Vs Turkish lira

4.904.701:1000

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?

FX trading is the buying and selling of currencies with the aim of making a profit. Currencies are traded in pairs - the first currency listed in a forex pair is called the ‘base’ currency while the second currency is called the ‘quote’ currency.
The EUR/USD (Euro/US Dollar) is the most traded currency pair in the world. The example below involves buying the Euro and selling the US dollar. In other words, the price represents the amount of US dollars that can be exchanged for one Euro.

EUR/USD = 1.2500

The FX market is open 24 hours a day, five days a week and traded online with price quotes changing constantly. This is due to a variety of factors such as interest rates, market factors and geopolitical risks that affect supply and demand for currencies.

As the largest and most-traded financial market in the world, foreign exchange offers ample opportunities for those who want to experience the highest volumes and liquidity.
At HotForex we offer Derivatives on Forex on a wide variety of currency pairs with exceptional trading conditions such as tight spreads and fast execution. Open a forex trading account and use our powerful trading platforms and professional tools to trade today’s markets with the advantage of tomorrow’s cutting-edge technology!

How To Do
Trade Forex

The value of each currency depends on the supply and demand for it, thus determining the ‘exchange rate’ between the two currencies, which is continually fluctuating. The exchange rate itself is basically the difference between the value of one currency against another.

It's this exchange rate that determines how much of one currency you get in exchange for another, e.g. how many pounds you get for your euros.

Now, when you’re trading forex, you’ll be trading currency pairs. So, two different currencies will be involved, and you’ll be speculating about their value in relation to each other.

Forex Market Characteristics


Commodity is a raw material, such as natural resources or agricultural products, used in commerce. Coffee, Sugar and Copper are among the most commonly traded commodities in the markets.

Commodity prices are influenced by economic, political and environmental factors such as:

  • Supply and Demand
  • Technological advances
  • Geo-political tensions
  • Weather conditions
  • Natural disasters

Commodities can be an important means for investors to diversify their portfolio. FinFlyMarkets offers traders and investors the opportunity to participate in the commodity markets by trading derivatives on a range of metals, energies and soft commodities with low margin requirements and hedging strategies allowed to manage their price exposure.

Get the confidence of trading with an awarded multi-asset broker. Start trading derivatives on Commodities with FinFlyMarkets!

Benefits of Forex Trading

Wide range of FX pairs

High liquidity

Flexible leverage

24-hour trading

Low transaction costs

Start Trading today with FinFlyMarkets

Ready to assist you in every step of your trading experience, 24h multilingual customer support with Dedicated Account Managers.

download the app now

FinFlyMarkets     FinFlyMarkets