How to start trading Forex with easyMarkets?

Comparison of easyMarkets’ trading account types

The main differences of the account types available for easyMarkets are as follows:

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What is Forex?

$ 5 trillion. This is the daily trading value of the Forex market. This amount is one of the largest in the world market. Forex is a favorite traded by institutional, professional and individual investors. Although it is a basic matter, FX is an abbreviation for foreign exchange, which means exchanging (trading) one currency with another.

Forex or Forex is the market in which individuals trade currency pairs. These currency pairs are commonly written in formats such as EUR / USD and can be bought or sold. Taking the euro and the US dollar as an example:

What Happens When You Buy Forex Pairs? You will buy EUR and sell USD.

What Happens When You Sell Forex Pairs? You will sell EUR and buy USD.

Also, integers and decimals are commonly displayed near currency pairs; this is called a rate. In the previous example, this number shows how much one euro is worth in USD.

This is the simple part. While you can easily trade one currency pair at any time using an intuitive platform, Forex has more than just one currency pair.

Here are some things to consider when trading in the Forex market:

Volatility

This is something that beginners tend to overlook until the currency market fluctuates frequently and rapidly and actually makes a loss. Understanding the market impacts and times of high volatility will help you not only avoid these movements but even take advantage of them.

Correlation

Some currencies have strong ties to the economies of other countries and other commodities ( such as crude oil and gold ). This can be either a positive or negative correlation.

Macroeconomic event

Monetary policy announcements and political economy events can affect the entire Forex market or only a few currencies. This may overlap with the correlation mentioned above. Many currencies are pegged (involved), especially if the USD is involved.

As with many other investment tools, you may come across less familiar jargon. The easyMarkets glossary provides a list of the most common terminology for beginners.

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Why people trade Forex?

Forex is preferred by multiple types of traders, from professionals to full beginners. Forex is a diverse market; most brokers offer a wide range of currencies, each currency is influenced by a variety of different things, so you can avoid risk when volatility increases or multiple products. You can seize the chance from. It is possible that even if one currency becomes more volatile, another currency has not changed from the previous day’s price (or rate).

Another reason people like Forex is its volatility; volatility not only increases risk, it also increases chances. This is especially true if the strategy you are using relies on trading throughout the trading day.

Due to the large trading volume in the Forex market, you can buy and sell without suffering from the delay caused by the shortage of buyers and sellers. Forex is also a purely global market. Because this market is wide and diverse, there are currencies that are not volatile, even if the volatility of a particular currency is high. Time is also an advantage; the Forex market is open 24 hours a day on weekdays. The Forex market is open in the following session format:

Volatility increases during overlapping sessions and during the first hour of session opening. In general, volatility is expected to increase during overlapping sessions in London and New York. This is because these sessions occupy the largest trading volume in the Forex market.

Of course, volatility is also affected by political and policy changes, which can increase or mitigate open and overlapping volatility. Occasionally, the momentum created by announcements, events, or reports can lead to significant price fluctuations at market opening and closing.

Currencies may not fluctuate much if the market is generally cautious due to certain geopolitical changes or threats, for example in the case of a trade war between China and the United States. Another factor that can increase volatility is market-impacting news released over the weekend, which causes currency volatility. This effect is also known as the “weekend gap.”

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Forex Market Volatility – Opportunity and Risk

There are many ways to trade Forex CFDs, but most traders prefer day trading because, as already mentioned, current events and news can significantly change the market. For these reasons, some traders are taking advantage of this as an opportunity due to their high volatility and the ability to trade on both up and down changes in CFDs. Of course, volatility causes prices to fluctuate rapidly and unpredictably, increasing risk.

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How much do you need to trade Forex?

Another reason why Forex trading is so popular is that it has low barriers to entry. With easyMarkets, it doesn’t cost you $ 25 to open an account and start trading. easyTrade -easyMarkets Limited-is also a useful way to control upfront costs. You can use this to set and fix the maximum risk (this amount is the maximum amount you can lose if the transaction moves against you). Would you like to give it a try?

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CFD Trading – Unleashing Market Potential

CFDs are a unique financial product favored by investment professionals and institutions due to their flexibility. You can trade in both up and down trends using CFR stocks, Forex, commodities, and cryptocurrencies.

Another advantage of CFD trading over other types of trading is the availability of trading tools and conditions such as : Negative balance avoidance, automatic stop-loss setting, take profit, and Leverage (risk increases with transaction size). These tools and conditions are available on easyMarkets’ exclusive platform and app at no additional cost.

Many institutional investors and professional-level traders use leverage because they can open large transactions with relatively little money. This means that you can open multiple positions for the same amount of money you need in one position without leverage.

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What is stop-loss?

Stop loss is another reason why Forex CFDs are popular among serious traders. For those of you who haven’t heard this word very often, stop-loss is a tool that protects you from sudden losses that can affect other transactions.

When the market moves against a single transaction and reaches the margin limit, open transactions begin to close and continue until the required margin is met. Stop-loss allows you to set a price level of your choice and the transaction will be closed at that price if you have enough margin, but if you trade on the easyMarkets platform and app, this will be slippage. It is guaranteed because there is no such thing.

CFDs are a unique financial product favored by investment professionals and institutions due to their flexibility. You can trade in both up and down trends using CFR stocks, Forex, commodities, and cryptocurrencies.

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easyMarkets with No slippage – Transactions without delay

easyMarkets offers slippage-free trading on easyMarkets exclusive platform. In other words, the transaction will be executed at the rate at which the transaction was opened. This is important because the execution price may fluctuate in non-CFD trading.

These price fluctuations are due to the fact that the process needs to be “matched” when buying or selling non-CFD currencies. This means that if you want to sell, one or more buyers must match the transaction. If an individual (or group) has not traded the opposite of that transaction, you will have to wait until such a person appears.

Since some CFD brokers cannot guarantee zero slippage, that is another unique advantage that you can access when trading on easyMarkets platforms and apps. Transactions with slippage can result in unexpected costs and reduced profits. This happens because the transaction is opened or closed at a different rate than it wants to execute. This effect is especially significant when volatility is high.

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Leverage trading

Another reason why the Forex market is so popular is the availability of leverage. Leverage is a trading condition that allows you to increase the size of a transaction. Of course, the larger the transaction size, the greater the margin requirements and risks. Due to the higher margin requirements, transactions can be closed even if the adverse movement is relatively small.

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Forex currency pair description

In Forex, trading currencies are commonly represented as pairs (sometimes referred to as crosses). Generally, it is written as follows:

EUR / USD – In the above pair, EUR is called the base currency and USD is called the quote currency. It shows how much the quote currency is worth for one unit of base currency. For example, if EUR / USD is 1.08, this means that 1 euro is worth US $ 1.08.

Major currency, minor currency, and exotic currency pairs

Currency pairs are generally categorized into major currency, minor currency, and exotic currency pairs. Major currencies always include USD and one of the following:

• Euro (EUR)
• British Pound (GBP)
• Swiss franc (CHF)
• New Zealand dollar (NZD)
• Japanese Yen (JPY)
• Canadian dollar (CAD)

Major currency pairs are preferred by new traders due to their high liquidity and high availability of data. News media frequently deal with events that affect these currencies. In addition, many commodities including crude oil, corn, cotton (etc.) and most commercial and precious metals are bought and sold in USD.

Minor currency pairs include the above currencies but not the USD. For example; AUD / JPY , EUR / CHF , EUR / GBP, etc. are minor currencies. Most minor currency pairs contain the most popular currencies on the market, so even minor currency pairs can use large amounts of data.

An exotic currency pair is a pair such as USD / MXN that contains the currencies of developing countries and major currencies . These pairs may be less liquid depending on the currencies involved and are generally considered to be significantly more volatile than major currency pairs and crosses. Therefore, exotic currency pairs are preferred by more skilled traders to complete their portfolios in high-risk transactions.

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What are bid and ask prices?

Asks and bids, also known as offers and bids, are the way prices are quoted in Forex and other specific types of CFDs. When two parties make a transaction, there is a seller and a buyer. This bid price is the maximum price that the buyer is willing to “buy” the CFD, and the ask price is the minimum price that the seller is willing to “sell”. A transaction is made when these two prices match.

The difference between these two rates or values ​​is called a spread. In general, variable spread brokers change this amount according to the liquidity of the market, which can make it difficult to calculate profit or loss and increase costs. EasyMarkets offers fixed spread trading with CFDs, so prices are transparent and easy to calculate.

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What is a spread in Forex?

As already mentioned, the spread of a product is the difference between the bid price and the ask price. For Forex trading, for example when dealing with pairs such as EUR / USD, the spread is the difference between the prices at which the broker you are trading is willing to buy or sell the other side of the pair you are trading. It is a thing.

It may be confusing to say so, so to put it simply: In EUR / USD, EUR is the base currency and USD is the quote currency. If you sell this pair, the broker will be the buyer of the base currency, and if you make a purchase, the broker will be the seller of the base currency. In general, spreads are calculated in pip and for most pairs the price quote is 0.0001.

Continuing with the EUR / USD example, the EUR / USD is 1.1800, and if it changes to 1.1802, this is a price fluctuation of 2 pips. More specifically, if you “buy” when the spread is 2pip (expecting the price of the pair to increase), everything else will be profitable.

Conversely, if you “sell” this pair and the price changes from 1.1800 to 1.1802, you will incur a loss of 2 pips.

Spreads are important because you have to pay when you trade-and you need to know if the spread you are trading is variable or fixed. Floating exchange means that spreads increase when market volatility is high, such as before or after a news event or geopolitical upheaval. Fixed spreads, on the other hand, never change when offered by a trusted broker. As already mentioned, it makes calculating costs much easier.

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Concept of FX pip and point

pip is a method of calculating price fluctuations instead of using the value of 1/10000 of a currency pair . Most currencies are quoted to 4 decimal places, but JPY pairs are only quoted to 2 decimal places. For this reason, pips are different in the calculation of currency pairs involving JPY.

For example, in USD / JPY , it is written as 111.25. The upward variation of 1pip is 111.26, so pip is 0.01 instead of the usual 0.0001.

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Trade Forex with a trusted broker

Finding a trusted broker is one of the first things to consider when making a decision to start a transaction. Find out what licenses your candidate broker has and which regulators you are following. This will protect you and your money no matter what happens. easyMarkets is regulated by both EU and APAC, so easyMarkets can accept clients from all over the world.

Expand your trading knowledge at easyMarkets Academy. The academy offers easy-to-understand video lessons and knowledge tests. This test can be very helpful for both new and experienced traders to determine if they understand what they have learned and if they want to take another lesson.

The easyMarkets website also offers a comprehensive Forex trading education library with videos, literature, and free downloadable ebooks.

Since its inception in 2001, client satisfaction has always been one of easyMarkets main objectives and priorities. easyMarkets clients appreciate the customer service, with a 5-star rating of 89% on Trustpilot.

easyMarkets multilingual customer service team supports Japanese, German, Spanish, Polish, Arabic, and English.

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Quality Order Execution on easyMarkets

The terms and execution of transactions can affect costs and profits. Here are some things to keep in mind to avoid unnecessary costs:

• Highly transparent price
• Negative Balances – This is especially important in avoiding potential liability to brokers in the event of a loss.
• Fixed Spreads – This ensures that spreads do not change abruptly and increase costs.
• No slippage – This means that the transaction will be executed at exactly the price you want.

Price transparency is important when trading Forex. Choosing a broker that offers fixed spreads will not increase costs even during high volatility with the highest risk and opportunity; easyMarkets has no slippage, fixed spreads, and You will never be charged a hidden fee.

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Types of markets available on easyMarkets

Being able to select multiple markets when trading helps you avoid risks and seize opportunities. Also, many professional traders use a variety of markets and commodities that move in the opposite direction (or almost in the opposite direction).

For example, many traders look to gold when volatility (and risk) is rising in the currency market, such as due to policy announcements or geopolitical events. And gold tends to increase in value according to demand.

With easyMarkets you can trade over 200 commodities across a variety of markets: Crude Oil, Energy Commodities, Transit, Metals, Commodities, Indexes, Cryptocurrencies (easyMarkets can also trade on weekends), And stocks.

In fact, easyMarkets allows you to trade stocks in the world’s largest markets: the United States, Europe, Hong Kong, Australia, and Japan. Therefore, you can trade stocks 24 hours a day on weekdays.

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Tools for trading and risk management

easyMarkets offers tools for multiple trading and risk management, including free stop-loss guarantees and negative balance protection. EasyMarkets also offers the following unique and exclusive trading tools:

dealCancellation

With dealCancellation, you can cancel a lost transaction for a small fee * within 1 hour, 3 hours, or 6 hours. With this tool, you can protect yourself from unexpected sudden price reversals, unexpected geopolitical events, or mistakes. Cancel the transaction and get back the money you invested.

Freeze rate

Freeze rates allow you to temporarily suspend a live rate and open or close a transaction at that “frozen” rate.

easyTrade

easyTrade * is a unique option-based trading ticket that allows you to limit your maximum risk without closing your trading potential. Only three steps are required to open easyTrade. All you have to do is select the transaction size (which is also the maximum amount of risk) and the duration of easyTrade and decide whether to increase or process the rate. This tool is user-friendly, so even new traders can intuitively and easily learn it.

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Trade with easyMarkets MT4

Choose your favorite device. EasyMarkets offers apps for Android and iOS, so you probably have support for your device as well. It also integrates market news, analytics, economic calendars, inside viewers (you can see if other easyMarkets traders are buying or selling), trading signals, and from one easy-to-use window. A web-based platform is also available for all transactions. In addition, easyMarkets offers fx trading on the popular MT4 platform.

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Condition of Fund deposit and withdrawal

Another important consideration when choosing a broker is the speed of deposits and withdrawals and the methods available for deposits and withdrawals.

EasyMarkets deposits and withdrawals are simple and fast, supporting direct deposits and multiple deposit and withdrawal methods including major credit / debit cards such as Visa, Mastercard, Maestro, American Express, JCB, and Astro Pay. increase.

You can also use online banking such as WebMoney and e-wallets such as Neteller.

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Open a Forex account with easyMarkets today

Depending on your trading needs and experience, you can choose between a full-featured easyMarkets app, an intuitive and robust web platform, or Metatrader 4.

In general, MT4 is preferred by people who use desktops or laptops. MT4 has many features, but you should be able to remember it immediately. On the other hand, easyMarkets’ platform is intuitive, powerful and online. In other words, you can trade from anywhere as long as you have an internet connection.

Even if you want to trade on mobile, easyMarkets has iOS and Android compatible apps; you can download fx on your smartphone and trade fx on the go.

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