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Trade our wide range of currency pairs,
including majors such as EURUSD and GBPUSD,
and take advantage of dynamic opportunities
for a 24-hour experience.
Trade our wide range of currency pairs, including majors such as EURUSD and GBPUSD,and take advantage of dynamic opportunities for a 24-hour experience.
Explore opportunities across a wide range of 60+ currency pairs around the clock.
Go long or short, starting from micro lots (1,000 units), for ultimate flexibility and risk management.
Stonefort’s deep liquidity pools mean low latency and fast execution in one of the world’s largest markets.
Multiple platforms, same efficient execution and pricing.
Forex trading, also known as FX trading, involves buying and selling currencies to profit from fluctuations in their exchange rates. It’s essentially a decentralized marketplace for exchanging currencies. While many foreign exchange transactions occur for practical reasons, forex traders primarily convert currencies to make a profit. Before you begin trading forex, be aware that the daily volume of the entire forex market is enormous. In other words, it's highly liquid, but this can cause some currency pairs to experience significant swings and erratic movements.
Learn more about trading forex in our comprehensive trading guides.
Compared to other markets like stocks or indices, the forex market draws traders for a variety of reasons including longer trading hours, and higher leverage. Without ignoring the fact that there are risks involved while trading, few of the benefits of FX trading are:
Trading forex works in a similar way to any other transaction where you buy an asset with a currency. The market price tells a trader how much one currency costs relative to another. For example, to buy one pound, a trader can see how many US dollars are required based on the market price of the GBP/USD currency pair.
Each currency has a distinct code, allowing traders to easily identify it as part of a pair.
The currency market is the largest and most liquid market in the world. Participants from all over the world exchange trillions of dollars every day. The first thing newcomers to the world of forex markets should do is familiarize themselves with the world's major currencies, which are the most traded and popular ones there.
The following is a list of the main currencies traded in forex:
Explore all the currencies you can trade with Stonefort.
You don’t need much money to start trading forex. The currency market is highly accessible, and you can begin with as little as $10. Depending on your trading style and objectives, you may decide to deposit a different amount. Your goals will also influence the amount of money needed for forex trading. Always deposit an amount that you are comfortable losing, so your livelihood and lifestyle are not impacted. Risk is inherent in trading any leveraged products, including forex, and you should never invest more than you can afford to lose.
In forex trading, "pips" are considered a unit of measurement, used to describe changes in the exchange rate of a currency pair. The term "pip" stands for "percentage in point" or "price interest point", and it represents the smallest price move that a given exchange rate can make based on market convention.
A pip is typically the smallest price move that an exchange rate can make based on market convention. For most currency pairs, it represents the fourth decimal place (0.0001), except for pairs involving the Japanese yen, where it represents the second decimal place (0.01).
Example: If the EUR/USD currency pair moves from 1.1200 to 1.1201, it has moved 1 pip. Similarly, if the USD/JPY pair moves from 110.50 to 110.51, it has also moved 1 pip.
Understanding pips is fundamental for forex traders as it helps them gauge price movements, calculate risk, and manage their trades effectively.
In FX trading, a currency pair is a quotation of two different currencies, where one currency is quoted against the other. It represents the exchange rate between the two currencies.
A currency pair consists of two currencies listed together, separated by a slash ("/"). For example, in the currency pair EUR/USD: EUR (Euro) is the base currency, and USD (US Dollar) is the quoted currency.
The exchange rate quoted for this pair (e.g., 1.1200) indicates how much of the quoted currency (USD) is needed to purchase one unit of the base currency (EUR).
Currency pairs are traded in the forex market where traders speculate on the exchange rate movements between the paired currencies. The price of currency pairs fluctuates based on market demand, economic data releases, geopolitical events, and a variety of other factors influencing supply and demand dynamics.
Starting forex trading involves several key steps to ensure you understand the market, manage risks effectively, and have the necessary tools and knowledge to make informed trading decisions.
The first step is to educate yourself by understanding the basics of forex trading—how the market operates, what factors influence exchange rates, and the importance of risk management.
Learn more about trading forex in our extensive Trading Guides.
After gaining knowledge, the next step is to find a reliable broker. While researching companies to create an account with, consider factors such as the company’s licenses, client protection measures, and other trading-related factors like the range of financial products and available platforms.
The final step is to fund your account and start trading. It’s advisable to begin with a small amount and execute smaller trades while staying informed about global trends that may impact currency markets. Remember, the most important element in trading is a solid understanding of the market. Regularly reviewing your performance and adjusting your strategies is essential. Learning from your trading history is crucial for long-term success.
Leverage in forex trading refers to the ability to control a larger position size with a smaller amount of capital. It allows traders to magnify their potential profits but also increases the potential risk. Leverage is typically represented as a ratio, such as 50:1, 100:1, or 500:1. This ratio indicates how much of a position a trader can control with a given amount of margin (the amount of money required to open a position).
Ratio example: If a broker offers a leverage of 100:1, it means for every $1 of your capital, you can control a position worth $100 in the forex market. Another example: If you have $1,000 in your trading account and use 100:1 leverage, you can control a maximum position size of $100,000.
Leverage in forex trading allows traders to amplify their exposure to currency movements, but it also increases the potential risk of significant losses. It’s a powerful tool that should be used with caution and only after gaining a solid understanding of its effects on trading outcomes.
Traders come in all shapes and sizes. Some enjoy the adrenaline of quick trading, while others prefer a longer-term approach with less stress and more time for everything else in life. Let’s take a look at some of the different types of traders:
Short-term traders focus on small price moves, usually entering and exiting positions within seconds or minutes. They rely on price action, technical indicators, or momentum. Analyzing such short timeframes can be challenging due to their fleeting nature.
Day traders take a more relaxed approach, holding trades throughout the day. They trade frequently and continuously monitor their positions but can afford to take breaks, spreading their strategy over a few hours.
Swing and position traders are long-term traders who hold positions for anywhere from days to weeks or even months. They prefer a more laid-back approach, aiming to ride trends rather than trading constantly.
News traders wait for impactful news events, deciding whether to preempt the potential market move or ride the momentum afterward.
Fundamental traders analyze macroeconomic factors to determine whether a financial product is likely to rise or fall in value.
STONEFORT SECURITIES LLC (hereinafter referred to as SFS) holds a Category 5 License (Financial Consultations, Introduction, Promotion) under License No: 20200000226, issued by the Securities and Commodities Authority (SCA) with registration number: 2352669. SFS has Its registered office at 3202, 32nd Floor, Anantara Business Tower, Business Bay, Dubai, UAE.
SFS provides financial services as Intermediary and Introducer for various entities. Each such entity may be regulated under the laws of its place of incorporation as a regulated broker and/or custodian.
Participation in financial market transactions carries a high level of risk. It is important to trade only with funds you are prepared to risk or potentially lose. Trading with leverage involves significant risks, and potential losses may exceed your initial investment. Before engaging in trading, ensure that you fully understand the risks involved and evaluate your investment goals, risk tolerance, and experience with such products.
SFS DISCLAIMER
Stonefort Securities Limited has its registered office on the 11th floor, Bramer House, Hotel Avenue, Ebene, Mauritius, its Registration Number is : 209470.Stonefort Securities Limited is Licensed from the Financial Services Commission (FSC), Mauritius with License Number GB 24202921. Email: [email protected].
Risk Disclosure: Foreign exchange (forex, FX) and Contracts for Difference (CFDs) on Currencies, Commodities, Indices, or Equities are all margin-traded products and carry a high level of risk that may not be suitable for all investors. Before deciding to trade FX/CFD instruments offered by Stonefort Securities Limited, please seek independent advice. You should carefully consider your objectives, financial situation, needs, experience level and risk tolerance.You should not trade any margined product unless you fully understand all the risks involved and you are able to sustain any losses.
Risk Disclosure for further details
*Our services are not available in the following regions: Canada, China, East Timor, Falkland Islands, Guam, Hong Kong, Iran, Iraq, Japan, Libya, Liechtenstein, Mali, Nauru, New Zealand, North Korea, Puerto Rico, Russia, South Korea, South Sudan, Sudan, Syria, Ukraine, the United States of America, the U.S. Virgin Islands, and Yemen.
We provide the financial services as intermediary where we provide services of Introduction which may be provided by various entities. Each such entity is regulated under the laws of its place of incorporation as a regulated broker and/or custodian (example the: Platform Provider).
We will introduce and arrange for opening your Account with the Platform Provider to enable you to trade in various securities and commodities which are listed on the platform of the Platform Provider.
When applying for an account with any Platform Provider, your application will be governed by the Platform Provider’s terms and conditions, which, among other things, may be subject to furnishing of necessary KYC documents.
You will be deemed to have read and understood the applicable terms and conditions and any related policies of the Platform Provider. Each Provider may accept or reject your application for the Platform Provider’s services in its sole discretion.
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