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Forex Trading

A Guide for Professional Traders and Investors

Transparent Pricing on Forex Trading Instruments

Our dependable trading technology and clear fee structures provide highly competitive prices. Below is our pricing or scroll down further to learn more about forex trading.

BxZero AccountBxStandard Account
AUDCADAustralian Dollar vs Canadian Dollar0.
AUDCHFAustralian Dollar vs Swiss Franc0.
AUDJPYAustralian Dollar vs Japanese Yen00.411.4
AUDNZDAustralian Dollar vs New Zealand Dollar0.
AUDSGDAustralian Dollar vs Singapore Dollar1.
AUDUSDAustralian Dollar vs United States Dollar00.211.2
CADCHFCanadian Dollar vs Swiss Franc0.311.32
CADJPYCanadian Dollar vs Japanese Yen00.611.6
CHFJPYSwiss Franc vs Japanese Yen00.811.8
CHFSGDSwiss Franc vs Singapore Dollar00.611.6
EURAUDEuro vs Australian Dollar00.511.5
EURCADEuro vs Canadian Dollar01.112.1
EURCHFEuro vs Swiss Franc00.511.5
EURCZKEuro vs Czech Republic Koruna1054.21155.2
EURGBPEuro vs British Pound00.411.4
EURJPYEuro vs Japanese Yen00.311.3
EURNOKEuro vs Norwegian Kroner619.3720.3
EURNZDEuro vs New Zealand Dollar0.
EURPLNEuro vs Polish Zloty29.7310.7
EURSEKEuro vs Swedish Krona623.5724.5
EURSGDEuro vs Singapore Dollar1.
EURTRYEuro vs Turkish Lira222.2323.2
EURUSDEuro vs United States Dollar00.111.1
EURZAREuro vs South African Rand249.3350.3
GBPAUDBritish Pound vs Australian Dollar0.
GPBCADBritish Pound vs Canadian Dollar0.
GPBCHFBritish Pound vs Swiss Franc0.
GPBJPYBritish Pound vs Japanese Yen0.
GBPNOKBritish Pound vs Norwegian Kroner628.6729.6
GBPNZDPound vs New Zealand Dollar1.
GBPSEKBritish Pound vs Swedish Krona730.3831.3
GBPSGDBritish Pound vs Singapore Dollar1.332.34
GBPTRYBritish Pound vs Turkish Lira419.8520.8
GBPUSDBritish Pound vs Singapore Dollar00.411.4
NOKJPYNorwegian Kroner vs Japanese Yen1.
NOKSEKNorwegian Kroner vs Swedish Krona68.179.1
NZDCADNew Zealand Dollar vs Canadian Dollar11.322.3
NZDCHFNew Zealand Dollar vs Swiss Franc0.
NZDJPYNew Zealand Dollar vs Japanese Yen0.
NZDUSDNew Zealand Dollar vs United States Dollar0.
SEKJPYSwedish Krona vs Japanese Yen10.611.611.612.6
SGDJPYSingapore Dollar vs Japanese Yen66.377.3
USDCADUnited States Dollar vs Canadian Dollar00.211.2
USDCHFUnited States Dollar vs Swiss Franc00.411.4
USDCNHUS Dollar vs Chinese Offshore Spot6.
USDCZKUnited States Dollar vs Swedish Krona336.6437.6
USDJPYUnited States Dollar vs Japanese Yen00.211.2
USDMXNUnited States Dollar vs Mexican Peso519.9620.9
USDNOKUnited States Dollar vs Norwegian Kroner1.511.82.512.8
USDPLNUnited States Dollar vs Polish Zloty611.8712.8
USDSEKUnited States Dollar vs Swedish Krona619.5720.5
USDSGDUS Dollar vs Singapore Dollar0.
USDTHBUnited States Dollar vs Thai Baht1033.91134.9
USDTRYUnited States Dollar vs Turkish Lira019.5120.5
USDZARUnited States Dollar vs South African Rand1030.31131.3
ZARJPYSouth African Rand vs Japanese Yen11.122.1

What is Forex 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

Forex Chart

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

It’s Common To See Currency Pairs Split Into The Following Categories:

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.

cashbackforex trending charts with example of cash rebates via trading

How Does Forex Trading Work?

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. 

Forex trading markets displayed over a trending trading market with Baxia Markets logo

How To Read Forex Pairs​

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. 

How to Trade Forex?

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. 

The difference between the two currencies is the spread. When buy or sell, you are always buying or selling the first currency in the pair. With Baxia Markets you can trade numerous pais in a very friendly way. Whether you are an intraday scalper or long-term investor, modern platforms make it routine to conduct business with forex. 

Technical Analysis vs Sentiment Analysis in Forex

Technical analysis and sentiment analysis are two important methods of market prediction. Technical analysis is the study of past price action to predict future price movements, while sentiment analysis is the study of how investors feel about a particular asset or market. Both methods can be useful for trading currencies, but they have different strengths and weaknesses.

Technical traders tend to focus on shorter-term trends, sometimes even looking at individual candlestick patterns (such as doji or engulfing patterns) as well as trending chart patterns to make decisions about when to buy or sell a currency pair.

The main advantage here is that it gives you more flexibility: if your prediction was wrong, you can get out quickly without losing too much money compared with other strategies, where losses compound over time if you’re wrong early on in your trade cycle.

Sentiment analysis tends to focus more on long-term trends because longer-term data gives us more insight into which way markets will go in the future based on current investor sentiment towards certain assets.

This type of strategy requires greater patience than technical analysis because it takes longer before there’s enough data available for us so we know what direction markets are moving towards (or whether they’re trending up or down).

Central Banks

Most serious traders are familiar with central banks and their roles as monetary authorities in countries around the world. The European Central Bank (ECB) is the central bank for the eurozone, which is the 19 countries that share the euro as their common currency.

The ECB was established in 1998, and its headquarters are in Frankfurt, Germany. Also, the ECB is responsible for monetary policy in the eurozone, but it also supervises banks and has other responsibilities, such as keeping the financial system stable. Ultimately, the ECB’s main objective is to maintain price stability within the eurozone and to preserve the purchasing power of the euro.

How Do I Start Trading Forex With Baxia?

Baxia Markets is pleased to offer our clients a versatile porfotlio of trading instruments including Forex, Metals, Energy, Cryptocurrencies and Indices. You can start trading Forex with Baxia Markets by opening a live account below. 

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