We’ve taken one of the world’s most popular trading platforms, MetaTrader 4 (MT4), and enhanced it with more trading tools and features to give City Index FX clients an even more powerful trading experience.
Forex trading is the act of simultaneously buying one currency while selling another, primarily for the purpose of speculation.
Speculate on currencies by buying or selling the exchange rate of one country's currency against another with the aim of making a profit.
It is easy to place your first forex trade with City Index. Find out how you can open an account today in three easy steps.
CFD and forex trading are leveraged products which can result in losses greater than your initial deposit.
Forex trading enables you to speculate and potentially profit from the future direction of currencies by buying or selling the exchange rate of one currency against another.
Forex – also referred to as foreign exchange and FX – is the world’s largest market with an average turnover in excess of US$4 trillion per day. Currency values rise (appreciate) and fall (depreciate) against each other due to a number of factors, including international trade or investment flows, to economic or political conditions. This is what makes trading forex so interesting and exciting – high market liquidity means that prices can change rapidly in response to news and short-term events, creating multiple trading opportunities for retail forex traders.
Some of the key factors that influence forex prices are:
The common goal of forex traders is to profit from these changes in the value of one currency against another by actively speculating on which way forex prices are likely to turn in the future.
Unlike most financial markets, the over-the-counter (OTC) forex market has no physical location or central exchange and trades 24 hours a day through a global network of businesses, banks and individuals.
This means that currency prices are constantly fluctuating in value against each other, offering multiple trading opportunities.
Trading CFDs and FX on margin carries a high level of risk, that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit cityindex.com.sg for the complete Risk Disclosure Statement.
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