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| BxZero Account | BxStandard Account | |||||
|---|---|---|---|---|---|---|
| FX PAIR | DESCRIPTION | MIN SPREAD | AVG SPREAD | MIN SPREAD | AVG SPREAD | LEVERAGE |
| AUDCAD | Australian Dollar vs Canadian Dollar | 0.3 | 0.8 | 1.3 | 1.8 | 1:500 |
| AUDCHF | Australian Dollar vs Swiss Franc | 0.2 | 0.8 | 1.2 | 1.8 | 1:500 |
| AUDJPY | Australian Dollar vs Japanese Yen | 0 | 0.4 | 1 | 1.4 | 1:500 |
| AUDNZD | Australian Dollar vs New Zealand Dollar | 0.2 | 0.8 | 1.2 | 1.8 | 1:500 |
| AUDUSD | Australian Dollar vs United States Dollar | 0 | 0.2 | 1 | 1.2 | 1:500 |
| CADCHF | Canadian Dollar vs Swiss Franc | 0.3 | 1 | 1.3 | 2 | 1:500 |
| CADJPY | Canadian Dollar vs Japanese Yen | 0 | 0.6 | 1 | 1.6 | 1:500 |
| CHFJPY | Swiss Franc vs Japanese Yen | 0 | 0.8 | 1 | 1.8 | 1:500 |
| EURAUD | Euro vs Australian Dollar | 0 | 0.5 | 1 | 1.5 | 1:500 |
| EURCAD | Euro vs Canadian Dollar | 0 | 1.1 | 1 | 2.1 | 1:500 |
| EURCHF | Euro vs Swiss Franc | 0 | 0.5 | 1 | 1.5 | 1:500 |
| EURCZK | Euro vs Czech Republic Koruna | 10 | 54.2 | 11 | 55.2 | 1:200 |
| EURHUF | Euro vs Hungarian Forint | 1.8 | 14.8 | 2.8 | 15.8 | 1:200 |
| EURGBP | Euro vs British Pound | 0 | 0.4 | 1 | 1.4 | 1:500 |
| EURJPY | Euro vs Japanese Yen | 0 | 0.3 | 1 | 1.3 | 1:500 |
| EURNOK | Euro vs Norwegian Kroner | 6 | 19.3 | 7 | 20.3 | 1:200 |
| EURNZD | Euro vs New Zealand Dollar | 0.4 | 1.3 | 1.4 | 2.3 | 1:500 |
| EURPLN | Euro vs Polish Zloty | 2 | 9.7 | 3 | 10.7 | 1:200 |
| EURSEK | Euro vs Swedish Krona | 6 | 23.5 | 7 | 24.5 | 1:200 |
| EURTRY | Euro vs Turkish Lira | 2 | 22.2 | 3 | 23.2 | 1:200 |
| EURUSD | Euro vs United States Dollar | 0 | 0.1 | 1 | 1.1 | 1:500 |
| GBPAUD | British Pound vs Australian Dollar | 0.8 | 1.8 | 1.8 | 2.8 | 1:500 |
| GPBCAD | British Pound vs Canadian Dollar | 0.6 | 1.5 | 1.6 | 2.5 | 1:500 |
| GPBCHF | British Pound vs Swiss Franc | 0.8 | 1.6 | 1.8 | 2.6 | 1:500 |
| GPBJPY | British Pound vs Japanese Yen | 0.4 | 0.8 | 1.4 | 1.8 | 1:500 |
| GBPNZD | Pound vs New Zealand Dollar | 1.2 | 2.6 | 2.2 | 3.6 | 1:500 |
| GBPUSD | British Pound vs Singapore Dollar | 0 | 0.4 | 1 | 1.4 | 1:500 |
| NZDCAD | New Zealand Dollar vs Canadian Dollar | 1 | 1.3 | 2 | 2.3 | 1:500 |
| NZDCHF | New Zealand Dollar vs Swiss Franc | 0.5 | 1.1 | 1.5 | 2.1 | 1:500 |
| NZDJPY | New Zealand Dollar vs Japanese Yen | 0.3 | 0.7 | 1.3 | 1.7 | 1:500 |
| NZDUSD | New Zealand Dollar vs United States Dollar | 0.1 | 0.4 | 1.1 | 1.4 | 1:500 |
| SGDJPY | Singapore Dollar vs Japanese Yen | 6 | 6.3 | 7 | 7.3 | 1:200 |
| USDCAD | United States Dollar vs Canadian Dollar | 0 | 0.2 | 1 | 1.2 | 1:500 |
| USDCHF | United States Dollar vs Swiss Franc | 0 | 0.4 | 1 | 1.4 | 1:500 |
| USDCNH | US Dollar vs Chinese | 6.4 | 8.8 | 7.4 | 9.8 | 1:200 |
| USDCZK | United States Dollar vs Swedish Krona | 3 | 36.6 | 4 | 37.6 | 1:200 |
| USDDKK | US Dollar vs Danish Krone | 4.8 | 16.2 | 5.2 | 17.2 | 1:200 |
| USDHKD | US Dollar vs Hong Kong Dollar | 5.8 | 6.8 | 6.8 | 7.8 | 1:200 |
| USDHUF | US Dollar vs Hungarian Forint | 5.8 | 6.8 | 6.8 | 7.8 | 1:200 |
| USDJPY | United States Dollar vs Japanese Yen | 0 | 0.2 | 1 | 1.2 | 1:500 |
| USDMXN | United States Dollar vs Mexican Peso | 5 | 19.9 | 6 | 20.9 | 1:200 |
| USDNOK | United States Dollar vs Norwegian Kroner | 1.5 | 11.8 | 2.5 | 12.8 | 1:200 |
| USDPLN | United States Dollar vs Polish Zloty | 6 | 11.8 | 7 | 12.8 | 1:200 |
| USDSEK | United States Dollar vs Swedish Krona | 6 | 19.5 | 7 | 20.5 | 1:200 |
| USDSGD | US Dollar vs Singapore Dollar | 0.5 | 1.2 | 1.5 | 2.2 | 1:200 |
| USDTRY | United States Dollar vs Turkish Lira | 0 | 19.5 | 1 | 20.5 | 1:200 |
| USDZAR | United States Dollar vs South African Rand | 10 | 30.3 | 11 | 31.3 | 1:200 |
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 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.
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.
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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 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).
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.
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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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 Markets, 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.
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). Baxia Markets is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market.
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 Markets does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan/Republic of Sudan, Syria, Iran, Iraq, South Sudan, Venezuela, Libya, Belarus, Afghanistan, Myanmar, Russia, Crimea, Donetsk, Luhansk, Palestine, Yemen and North Korea.