The forex market

All you need to know about trading forex on Oneforex platform.

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Forex trading

The forex market (FX) is the world’s largest decentralized financial market, with trading volumes exceeding $6.6 trillion a day*. That’s more than most of the biggest stock markets combined. Trading 24-hours a day, there’s always an opportunity to buy or sell. Whether you’re new to CFD trading or a seasoned trader, the FX market represents a way to take advantage of price movements in one of the most liquid assets. Start trading with some of the industry’s lowest spreads today.

Forex spreads and currency pairs

Our spreads are some of the best in the market. We feed pricing directly to our platforms from our liquidity providers – no intervention or dealing desk required. Find spreads as low as 0.0 pips on 14 major FX pairs when trading on our One 0.0 account. We offer 60+ currency pairs so you can take advantage of all of the world’s major markets. See our full list of currency pairs and spreads.

Why trade forex with Oneforex

Once you start trading forex with Oneforex, you’ll see why we’re a market leader. We access multiple liquidity providers and external pricing sources to give you the best prices and competitive, low spreads when you trade with us.

Quality trading conditions

  • Tight spreads: Access great pricing from as low as 0.0 pips on our One 0.0 account on the most highly traded currency pairs.
  • Fast execution: Get into your trade when it counts and make the move you’ve been waiting for, with our average execution speeds of 25ms.
  • Control your risk: We offer up to 400:1 leverage which you can reduce at any time. Place stop loss orders for risk management with no restrictions.

A better experience

  • Award-winning customer service: Live chat, email and phone. We’re always by your side.
  • Reward your trading: Reduce your trading costs through our Active Trader program, exclusive for FX traders.
  • Trade with confidence: We’re regulated in multiple jurisdictions, including ASIC, FCA, and CMA. Trade with confidence knowing your funds are safe and secure.

How does forex trading work?

When you trade the FX markets with Oneforex, you trade using CFD products. Contracts For Difference (CFDs) enable you to take advantage of price movements in an underlying asset, for example EURUSD, without needing to physically hold the currency you are buying or selling. All currency pair trades involve the buying or selling of one currency priced in another. There is a base currency and a quote currency.

Learn how to trade Forex by opening a free account today.

Let’s say some major economic news was released and you thought the US dollar was going to weaken in response. You think the US dollar will depreciate against the Australian dollar, meaning it’ll take more US dollars in future to purchase the same amount of Australian dollars. You decide to go long or buy AUDUSD. Here you are simultaneously buying the base currency, AUD, and selling the quote currency, USD.

Now, the FX markets seem to agree with you and the value of AUDUSD increases significantly from the price you originally bought at. You’ve made a profit and can lock it in at your desired level using a take profit order.

With our trading platforms, you can lock in profits automatically. Simply set your targets and let the markets do the work for you. If your trades don’t go your way, set a stop loss order to restrict your losses and manage your risk like a professional trader.

 

The advantage of forex CFD trading is that you can take an opposing view with ease. If you thought the same economic release would prove positive for the US dollar, you could just as easily sell or go short EURUSD – simultaneously selling the Euro and buying the US dollar. The major players in the market agree with you and push down the price of EURUSD, and you could make a profit from a fall in the value of EURUSD.

Remember, CFD trading is risky. Just as the markets could agree with your point of view, the price of an instrument may move in a direction which results in a losing trade. In the example above, we noted a depreciation in EURUSD, but it could just as easily appreciate as a result of other factors in the market. Managing risk appropriately is an important aspect of trading volatile instruments like FX.

Typically, you’d need 100,000 units of any base currency to open a standard trade in the underlying foreign exchange market. But with the benefits of leverage, you can trade this same amount with as little as 200 units of base currency. Forex CFD trading allows you to increase your exposure to highly liquid financial markets without excessive capital requirements. At Oneforex, you can open trades with notional values as low as 1000 units (0.01 lots) of base currency.

If you’re holding a currency pair overnight, you’ll also pay or benefit from differential interest rates between countries, also known as Swap Rates. If relative interest rates are significantly higher in the US relative to Australia and you’re holding US dollars, then you’d typically receive a Swap benefit for holding this position. Conversely, if you’re holding Australian dollars against US dollars, then you’d receive a Swap charge to service this position, since in theory you’d have earned a higher interest rate had you been holding US dollars instead of Australian dollars.

Forex trading platforms

We offer three powerful trading platforms which you can use to analyse the FX market. Oneforex’s industry leading MT4, MT5 and 1Trader platforms are available on PC, web and mobile. Set up your trading strategies and EAs plus conduct technical analysis on the PC and web versions with our Smart Trader Tools. Trade at any time, anywhere with our mobile versions while taking advantage of major news in the markets when you’re on the go.

MT4 platform is known for its ease of use amongst FX traders and is highly-rated by EA traders for its ease of EA development and implementation. Connect to social trading services and signal providers to follow strategies of successful traders.

MT5 platform is perfect for those starting out as FX traders with its superior charting capabilities and additional analytical features. Use Stop Limit orders to implement your trading strategy with confidence. A dedicated economic calendar keeps you up-to-date with important market events. For EA traders and programmers, you’ll find faster code execution and data processing speeds.

With 1Trader, the power is in your hands as the trader. Features include multiple chart modes and views, market depth, and an advanced Smart stop out system.