Forex

About Spot Forex

Forex or FX stands for foreign exchange. Forex trading means speculating on the value of a currency with the belief that the currency will rise or fall against another.

In a Forex trade, you buy (go long) one currency while simultaneously selling (going short) of another. This is known as a ‘currency pair’. Currency pairs include the US Dollar / Japanese Yen (USD/JPY) and the Euro-US Dollar (EUR/USD), although there are many more major and minor currency pairs available.

With Forex trading, you make money if the market moves in your favour. Conversely, you will lose money if the market moves against you.

Forex is a leveraged product, and can result in losses that exceed your initial deposit. Risk management tools are available such as stop-losses, which can limit your risk.

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