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Forex trading refers to the exchange of foreign currencies for the purpose of making profits. An effective way to trade Forex is through CFDs. Continue reading our Forex guide to learn how to trade Forex regardless of your experience level. We’ll also go over why and how you can start your trading journey with us at CAPEX.
Often online brokers apply hidden charges to earn money from traders. That’s not the case with CAPEX, as we offer our traders deposits and withdrawals with zero commission. We don’t have any hidden charges and are fully transparent regarding the costs our traders might have to pay. Plus, we offer traders tight spreads and high leverage that goes up to 1:30. Sign up with us today to begin trading CFDs on Forex for the smoothest trading experience.
We at CAPEX understand that beginning your trading journey can be an overwhelming experience, which is why we offer a free Forex demo account. Users can sign up on our demo account to practice trading with zero risk.
We’ll give you virtual credits to trade on a real-time market. Not only will this allow you to assess your trading skills and knowledge, but it’ll also allow you to understand the risks involved with trading in a live market. You can also utilize the tools and features offered on our demo trading account to polish your trading skills further and learn a thing or two about applying online trading strategies.
Forex, short for foreign exchange, is a decentralized market that deals with the trading of global currencies. The annual turnover of the Forex market is over six trillion dollars, making it the most significant market across the globe.
While currencies are exchanged for several reasons, such as travelling or purchasing goods or services internationally, Forex traders trade currencies to profit from the shifting prices of currencies.
For example, if a trader has 100 USD and feels USD will go down whereas GBP will rise in value, the trader will exchange his USD for GBP. If his speculation were correct, he’d end up in profit. Meanwhile, if his speculation was incorrect, he’ll end up losing money.
Here at CAPEX, we offer over 55 currency pairs that can be traded through CFDs, with some of the tightest spreads and highest leverage.
Experience a new level of trading with the right support when you need it. Sign up for a free account and trade smart with CAPEX.com.
Trading CFDs is a great way to trade with more flexibility. CFDs refer to contracts for differences and are a popular form of financial derivative. CFD traders buy and sell contracts that are based on speculations. Two parties speculate on an asset’s future price and agree to exchange the difference in the asset’s value over a specific period.
The best thing about trading CFDs is that you don’t have to buy and sell the asset or security, so the trading costs are lower. Plus, trading CFDs in Forex means you can invest with leverage and profit from currencies without actually owning the currencies. All you have to do is speculate on a currency’s price and buy or sell positions according to your speculation.
Plus, you can renew your CFD near its expiration date as long as both parties agree to do so.
There are many benefits to trading Forex through CFDs:
We firmly believe that learning is the key to becoming an expert trader. Here at CAPEX, we offer our traders a range of learning tools that are highly effective. Our online trading school CAPEX Academy helps traders learn CFD trading through video content. From Forex knowledge and understanding how to trade Forex to teaching all aspects of Forex knowledge, our online Forex trading course is ideal for every trader who wants to learn how to trade currencies.
Despite being risky instruments, Forex can be traded profitably if you apply the right strategies at the right time. Here are a few Forex trading strategies that are suitable for traders:
The price action trading strategy involves studying the recent price movements in any market rather than relying on technical indicators to predict market directions. A trader will study recent and historical price movements and utilize technical indicators to make a subjective decision to invest at a given time and in a given market. Here at CAPEX, we have integrated technical indicators on our trading platforms to help traders’ judge market directions better.
As the name suggests, trend trading strategy refers to the buying and selling of assets or securities in sync with the market trend. For instance, if the market is going up, you will look to invest in or buy an asset or security. Meanwhile, when a market is going down, you sell an asset or security. We offer traders a blog where expert traders keep you updated with ongoing market trends.
The following strategy revolves around the concept that prices remain in a specific range for a while, so traders identify a range and then buy and sell assets within that range. It usually involves short term investments, where you buy or sell assets until the asset exits the range you had identified.
Here’s why we, at CAPEX, are known for being one of the best online CFD brokers every kind of trader.
The last thing you’d want is to trade on a platform that isn’t smooth or doesn’t function properly. A smooth and user-friendly trading platform can make your trading experience way more enjoyable and, hopefully, profitable. Here at CAPEX, we offer a choice of two trading platforms to our users – CAPEX WebTrader & the MetaTrader 5 (MT5). Both our trading platforms are recognized for their user-friendliness and high level of intuitiveness. From the moment you land on our platform, you’ll notice that everything is neatly aligned and easily accessible.
Here at CAPEX, we understand that diversifying your trades is important as it allows you to trade with reduced risk and also allows you to build a better trading portfolio. Hence, we offer our traders more than 50 currency pairs that include all major currencies – EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD etc.
The best way to trade Forex is with the lowest spreads and highest possible leverage. Here at CAPEX, we offer traders spreads that are as low as 0.01 & leverage that goes up to 1:30. Plus, we don’t charge any commission on withdrawals and deposits and have some of the lowest spreads in the markets. These are some of the reasons why our users prefer us. .
We value our customers and want them to have the smoothest trading experience, which is why our customer support team is available seven days a week. You can seek customer support through phone, live chat, and email. Plus, we recommend that you visit our FAQs page, where we’ve answered most recurring questions elaborately.
RegisterRegister an account on CAPEX.com and start trading.
VerifySend over your documents and verify your account.
DepositLogin into your CAPEX.com account and deposit money.
TradeStart trading with CFD’s and over 2100 other instruments.
Signing up with CAPEX is a quick and simple process. You can visit our website and click on sign-up. Then enter a few basic details such as your email address, name, and age. Once you click on sign-up, you’ll be redirected to our trading platform, where we’ll ask you to complete your registration process. You’ll be required to enter a few more details, such as your income, taxation, and credit history.
The final step is an assessment that is designed to test your knowledge. This is just so we know your trading knowledge and capacity and can place you on our platform accordingly. Once you’ve completed the signing up process, your account will be ready to use shortly.
We do, however, recommend that you sign up to our demo account beforehand to obtain a better understanding of how the platform works and what risks are involved with CFD trading.
Trading Forex may be a risky investment, but with the right trading platform and Forex knowledge, it can be quite profitable. Trading Forex through CFDs might be the best option for you as it allows more flexibility while trading and offers a simpler trading process. Plus.
Here at CAPEX, we offer traders a Forex demo account where they can practice trading until they’re comfortable enough to actually invest. Plus, we offer a range of learning tools, including an online trading school where you can learn how to trade currencies through video content.
If you’re looking forward to investing in over 55 currency pairs with the best online CFD broker, it’s time to bin your currency trading for dummies guide, hop on to our website, check out our devoted blog, and sign up for free today!