Get involved with the largest financial market on the planet. Buy and sell the world’s most popular currency pairs using flexible CFDs.
Participate in the massive $6.6 trillion forex market.
In the world’s most prominent financial battlefield, your armour and weapons decide if you win or lose. Captainmarkets equips you with competitive trading conditions, a wide range of intuitive trading tools, and full education packages. Get outstanding support, sharpen your forex trading skills and knowledge, and trade your way to prosperity!
Forex markets change all the time. Open your Trader’s Toolbox for maximum versatility. Always be prepared for any surprises; always be ready to turn actions into opportunities.
A full-featured trading terminal is a necessity for a successful CFD trading experience. Сaptainmarkets traders enjoy the versatility of the world-renowned trading platform MetaTrader 4.
What does forex mean?
The term “forex” is a mesh of the words “foreign” and “exchange” which means the exchange of foreign currencies against each other.
What are forex trading hours?
The global forex markets open on Sunday evening (23:00 GMT) with the Australian market and remain active until the U.S. markets close on Friday (21:00 GMT), giving forex traders the ability to trade in the forex markets 24 hours a day, five days a week.
What are major, minor, and exotic currency pairs?
Currency pairs are commonly grouped as majors, minors, and exotics. Major currency pairs typically contain USD and another major currency, for example; EUR/USD, GBP/USD, USD/JPY, and USD/CAD. Minor currency pairs, also known as cross-pairs, consist of two major currencies which are not the USD. For example, EUR/GBP, GBP/CHF, and CAD/JPY are among minor currency pairs. Any other currency pairs which contain at least one non-major currency are considered as exotics. For example, USD/MXN, EUR/TRY, and GBP/SAR.
How is a currency pair priced?
The logic of supply and demand determines the price of a currency pair. When investors buy and sell currencies against each other for any reason (e.g., international trade, investing in countries, cross-border payments), they subjectively and collectively attribute value to the currency pair. Investors’ trading decisions are often based on their expectations, more so than what actually happens. Forex markets are not governed by a central supervision authority. However, each country’s central bank can influence the price of its national currency. They use economic measures such as interest rates to maintain a minimum value, thereby influencing market prices.
What is leverage?
Leverage is a trading mechanism which enables you to open trading positions larger than your initial capital. When using leverage, you’re able to open larger position sizes; therefore, the amount you gain or lose per pip movement increases. It can increase your profit potential; but use it with caution, as it can also cause losses in the same way.
What is a pip?
The pip signifies the most basic price change unit. In forex currency pairs, a pip is the fourth decimal in the price of a currency pair. For example, when the EUR/USD currency pair is trading at 1.1856, pip is the “6” at the end (the fourth decimal). If EUR/USD rises to 1.1860, the new pip would be “0”, and the pair would be said to have risen 4 pips.
What is spread?
Spread is the difference between the selling price and the buying price of a currency pair. In Forex trading platforms, each pair would have two prices: Bid is the selling price and Ask is the buying price. Spread is calculated in pips and represents the broker’s commission. It is charged automatically when a position is opened. As a forex broker, part of the profit which Captainmarkets makes is based on the spreads from traders’ transactions.
How can I learn forex trading?
At Captainmarkets, we are committed to ensuring our clients are equipped with everything they need for success by providing them with the best forex trading tools available. Visit our education section to learn what circumstances move currency prices, use our trader’s toolkit to analyse the forex market, and execute your trades on our state-of-the-art trading platforms with the most competitive trading conditions.