Forex Trading with AvaTrade
AvaTrade gives you all the software, tools and analysis you need to participate in the most exciting financial market around. The Foreign Exchange trading market, also known as Forex or FX, sees up to $5 trillion change hands every single day – dwarfing the market in stocks and shares.
- 60+ currency pairs with spreads starting at just 0.8 pips
- Two powerful trading platforms – MetaTrader 4 & AvaTrader
- Make bigger trades with up to 400:1 leverage
- High quality educational materials & daily market analysis
- 24-hour multi-lingual live support
- AvaTrade is an internationally regulated broker
Find out why AvaTrade is one of the world’s leading FX brokers & get a new client bonus of up to $10,000.
What is Forex Trading?
The forex market revolves around the trading of currency pairs.
A currency pair, for instance the EUR/USD, tracks the relative value of one currency against another.
The base currency, in this case the Euro, is always on the left of the pair. The counter currency, here it is the US Dollar, is on the right.
The EUR/USD represents the cost of buying 1 Euro in dollars.
If the EUR/USD rises in value it means the Euro is becoming stronger in relation to the dollar. If it falls we know it is weakening in relation to the dollar.
When we trade forex we are speculating as to whether events will cause one currency to weaken or strengthen against its pair. If we believe the Euro will get stronger against the dollar, we buy the EUR/USD. If we think the Euro will weaken, we sell the EUR/USD.
Why Trade Forex?
There are a host of reasons forex is the biggest of financial markets. Here are just a few:
The sheer volume of trades on the foreign exchange market means that, unlike other financial markets, there is usually a buyer and seller for every trade.
Forex is a global, decentralised market, which means that you can place a trade day or night between Monday and Friday.
Since currencies are traded in pairs you can always take a position, whichever way you think the market will move. If you think the Euro will strengthen, you buy the EUR/USD. If you think the Euro will weaken, you sell the EUR/USD.
Most of the trading on the forex market revolves around a handful of major currency pairs, such as the EUR/USD, GBP/USD and USD/JPY, making it much simpler to stay on top of all the latest market news.
Forex Trading Software
AvaTrade offers two great trading platforms, Ava Trader & MetaTrader 4. Both allow you to trade forex alongside other assets such as gold, oil, stock indices and more.
You can also trade on your iOS/Android phone or tablet with our free-to-download mobile trading apps.
Start forex trading with AvaTrade and get up to $10,000 bonus.