Foreign Exchange or 'Forex' as it is commonly known, is one of the largest and most highly liquid markets, with an average daily turnover in excess of $4 trillion a day. Forex (Foreign Exchange) is the global market for currency trading which is conducted over-the-counter (OTC) and exceeds even the equity markets which has a daily turnover of only $50 billion. In Forex trading, you can buy or sell one currency for another. Currencies tend to rise or fall (appreciate or depreciate) due to a number of factors such as macro-economics, politics, supply and demand. With Forex, you can trade on leverage and margin, which greatly reduces the cost of entry. At JD Capital, you can trade Forex starting with a minimum deposit of $100 for a MIni Account.
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Why trade forex?
- Trade the most liquid and active markets
- Forex markets trade 24/7, 5 days a week
- Access to over 46 currency pairs, precious metals, crude oil, indices and CFDs
- Take long or short positions
- Low entry (deposit & margin) requirements
- Tight spreads ensure that you get the best price on your orders
The JD Capital Advantage
- Trading leverage from 1:100
- Minimum deposit from 1,000 USD/NZD
- No Exchange fees or hidden commissions
- Trade on MT4 (Desktop, Mobile, Web)
- Supports all EA’s
- Competitive spreads
- No Conflict of Interest
- Registered by New Zealand Financial Service Provider (FSP)
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Forex Trading – Quick Guide
- Currency Pairs: Forex currency pairs are quoted in base currency and quote currency. (Ex.: EUR/USD, where EUR or euro is the base currency and USD is the quote currency. Therefore, if EURUSD exchange rate is 1.10950, it means that 1 euro = 1.10950 USD)
- Buy/Sell: When you want to buy (or sell a currency pair) you will effectively be buying (or selling) the base currency against the quote currency. (Ex.: If you think that GBP will appreciate or rise in value against the New Zealand dollar, then you would buy GBP/NZD. Similarly if you think GBP will depreciate in value against the U.S. dollar, you would sell GBP/USD)
- Bid and Ask prices: Bid prices are the rates where you can sell the currency pair. Ask prices are the rates at which you can buy the currency pair.
- Spread: Spread is the difference between the bid and ask prices. Bid prices are always higher than ask prices
- Margin: Margin is the amount required to open and maintain a position (long or short)
- Lots: The amount of units required to open a position. (Ex.: 1 lot = 100,000 units, 0.10 lot = 10,000 units, 0.01 lot = 1000 units)
* Trading on margin is risky as you can lose more than your initial investment.