Apply now to start trading
Forex trading, short of foreign exchange, is the selling and buying of currencies. Each currency in a pair is represented by a three-letter code. They’re normally formed by two letters that signify the region and the last letter that signifies the name of the currency. For example, AUD stands for the Australian dollar.
› Major pairs - those that are the most frequently traded around the world.
› Minor pairs - those less frequently traded, it does not include the US dollar.
› Cross pairs - those less frequently traded, again do not include the US dollar.
› Exotics - those that are a major currency against one from an emerging economy.
Learn more about CFD trading and the advantages
Transactions are completed across the four forex trading hubs around the world. They’re Sydney, Tokyo, London, and New York.
The trading takes place in an over-the-counter (OTC) market and run by networks of banks and brokers, which means that there is no centralized exchange. As there is no centralized location or exchange like for example the New York Stock Exchange (NYSE), it’s possible for you to trade 24 hours a day, 5 days a week.
It’s common for there to be no actual or physical delivery of the currency in retail trading as you trade derivatives of the exchange rate. This makes it easy for almost anyone to participate in forex trading and profit on correctly predicted price movements.
The first currency listed in a forex pair is called the base currency, and the second currency is called the quote currency. The price of a forex pair is how much one unit of the base currency is worth in the quote currency. So if EUR/USD is trading at 1.10041, then one euro is worth 1.10041 dollars.
Ultimately this means if the euro rises against the dollar, then a single euro will be worth more dollars and the pair’s price will increase. If it drops, the pair’s price will decrease.
Apply now to start trading
If you think that the base currency in the pair is likely to strengthen or appreciate against the quote currency, you can buy the pair, otherwise known as going long. If you think it will weaken or depreciate, you can sell the pair, otherwise known as going short.
Baxia Markets is pleased to offer our clients a versatile porfotlio of trading instruments including Forex, CFDs, Cryptocurrencies and Indices. You can start trading Forex with Baxia Markets by opening a live account below.
Learn how to trade markets at our education center
BAXIA GLOBAL LIMITED
BAXIA LIMITED
Calling From
United Kingdom: +44 1392 58 0012
Australia: +61 73040 6007
Hong Kong: +852 8170 0166
Mexico: +52 29690 3332
Join the
community
Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Baxia Limited, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You must assess and consider them carefully before making any decision about using our products or services.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Baxia Global Limited is a company registered in Seychelles with registration number: 8426970-1, and is regulated by the Financial Services Authority of Seychelles with License number: SD104.
Baxia Limited is a company registered in The Bahamas with registration number: 177330 B, and is licensed and regulated by The Securities Commission of The Bahamas (SCB), (SIA-F234).
The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. It is not targeted at the general public of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful or contravene regulatory requirements. Baxia Limited makes reasonable efforts to provide accurate translations of the website in other languages for your convenience. Where content is missing, inaccurate or incomplete, the English version prevails.