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What is Spot Forex Trading?

Spot forex trading involves the immediate exchange of one currency for another at the current market price (spot price). Unlike futures contracts, spot forex transactions are settled "on the spot," typically within two business days. This market operates 24 hours a day, five days a week, making it the most liquid and accessible financial market globally.

Key Characteristics

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Immediate Settlement

Trades are executed at current market prices

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High Liquidity

$7.5 trillion daily trading volume ensures tight spreads

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Leverage Trading

Amplify your trading power with flexible leverage options

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Bidirectional Trading

Profit from both rising and falling currency prices

Currency Pairs Available

Major Currency Pairs

Tightest spreads and highest liquidity

Pair Description Typical Spread Leverage
EUR/USD Euro vs US Dollar From 0.1 pips Up to 1:100
GBP/USD British Pound vs US Dollar From 0.3 pips Up to 1:100
USD/JPY US Dollar vs Japanese Yen From 0.2 pips Up to 1:100
USD/CHF US Dollar vs Swiss Franc From 0.4 pips Up to 1:100
AUD/USD Australian Dollar vs US Dollar From 0.3 pips Up to 1:100
USD/CAD US Dollar vs Canadian Dollar From 0.5 pips Up to 1:100
NZD/USD New Zealand Dollar vs US Dollar From 0.6 pips Up to 1:100

Minor Currency Pairs (Cross Pairs)

Popular pairs without USD involvement

Pair Description Typical Spread Leverage
EUR/GBP Euro vs British Pound From 0.8 pips Up to 1:100
EUR/JPY Euro vs Japanese Yen From 0.6 pips Up to 1:100
GBP/JPY British Pound vs Japanese Yen From 1.0 pips Up to 1:100
AUD/JPY Australian Dollar vs Japanese Yen From 0.9 pips Up to 1:100
EUR/AUD Euro vs Australian Dollar From 1.2 pips Up to 1:100
GBP/AUD British Pound vs Australian Dollar From 1.5 pips Up to 1:100

Exotic Currency Pairs

Emerging market currencies with wider spreads

Pair Description Typical Spread Leverage
USD/INR US Dollar vs Indian Rupee From 2.0 pips Up to 1:100
EUR/TRY Euro vs Turkish Lira From 8.0 pips Up to 1:100
USD/ZAR US Dollar vs South African Rand From 15.0 pips Up to 1:100
GBP/SGD British Pound vs Singapore Dollar From 5.0 pips Up to 1:100
USD/THB US Dollar vs Thai Baht From 3.0 pips Up to 1:100
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Execution & Technology

  • image Order Execution: Market execution with no requotes on ECN with No last look*
  • image Average Execution Speed: 12 milliseconds
  • image Order Types: Market, Limit, Stop, Stop Limit, Trailing Stop
  • image Expert Advisors (EAs): Fully supported
  • image Scalping: Allowed on all account types
  • image Hedging: Permitted
  • image Maximum Open Positions: 1,000 per account

MT5 Platform Features for Forex

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Advanced Charting & Analysis
  • Timeframes: 21 different timeframes from M1 to MN1

  • Technical Indicators: 80+ built-in indicators

  • Drawing Tools: 46 analytical objects for chart analysis

  • Chart Types: Candlesticks, bars, line charts, and Renko

  • Multi-Monitor Support: Trade across multiple screens

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Order Management
  • One-Click Trading: Execute trades instantly from charts

  • Partial Close: Close portions of positions

  • Position Management: Modify stop loss and take profit levels

  • Trade History: Complete transaction history and reporting

  • Risk Management: Position sizing calculator and risk assessment tools

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Commodities
  • Precious metals (Gold, Silver, Platinum)

  • Energy markets (Oil, Natural Gas)

  • Agricultural products

  • Competitive margin requirements

Trading Sessions & Market Hours

Sydney Session
  • Time: 22:00 - 07:00 GMT

  • Active Pairs: AUD/USD, NZD/USD, AUD/JPY

  • Characteristics: Lower volatility, gradual price movements

  • Avg Daily Range: 50-80 pips

Tokyo Session
  • Time: 00:00 - 09:00 GMT

  • Active Pairs: USD/JPY, AUD/JPY, GBP/JPY

  • Characteristics: Moderate volatility, trend continuation

  • Avg Daily Range: 60-100 pips

London Session
  • Time: 08:00 - 17:00 GMT

  • Active Pairs: EUR/USD, GBP/USD, EUR/GBP

  • Characteristics: Highest volatility, major breakouts

  • Avg Daily Range: 80-150 pips

New York Session
  • Time: 13:00 - 22:00 GMT

  • Active Pairs: USD pairs, commodity currencies

  • Characteristics: High volatility, news-driven moves

  • Avg Daily Range: 70-120 pips