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How to start Forex trading?

Whether a currency is increasing or declining in value, there is always a way for you to make money in Forex

Consider a national currency as a security, like stocks, commodities or precious metals. The recipe for success is to buy it at the cheapest price and then sell at a higher price. Or the other way round – sell at a higher price and then buy cheaper. Whether a currency is increasing or declining in value, there is always a way for you to make money in Forex! Knowing the right time to buy or sell will do the trick. This is where market analytics, indicators, signals and automated trading systems come in handy.

Let's consider an example:
Currencies are traded in pairs. For example – Euro against US Dollar (EUR/USD) or British Pound against Japanese Yen (GBP/JPY). A Forex transaction involves buying one currency and selling the other currency at the same time.The exchange rate reflects the value of one currency against the another currency, For example, the quote USD/CHF 0,93160/0,93170 shows, how many Swiss Francs you need to pay to buy or sell 1 US Dollar. Currency exchange rates are always fluctuating depending on the time of the day, the country's central bank rate, government policy, market sentiment and many other reasons.

Let's assume the market forecast the Euro is going to appreciate against US Dollar (bullish trend for EUR/USD). You decide to buy Euros with USD (buy order on EUR/USD). After some time you decide to sell the Euro at a higher price (close the open EUR/USD position). Your profit is the difference between the opening and the closing prices.

How much money do you need to start trading Forex?
In order to attract traders, many forex brokers, including FXOpen, offer to start trading without a starting deposit. You can start trading with us without money from $10, which are credited to you as a welcome bonus to a newly opened active STP account after passing the verification.

Learn the basics of currency trading
Remember that Forex trading involves high risk. There are limitless opportunities to make profit and your potential gain is very high. However,the risk of loss is high as well. If you make an independent and informed choice to become a Forex trader, you should always follow the basic risk management rules. It's not an easy task but it's very important whether you trade with a few hundred dollars or operate millions.

Taking a good Forex education course may be the best investment you'd ever make in your trading career. Take your time to study the basics of trading and practice it in a demo account before you start trading with real money. Always be sure to follow the rule - never trade with money that you cannot afford to lose.

[URL="https://www.fxopen.com/en/how-to-start-trading-forex?utm_source=digitalmoneytalk&utm_campaign=forum&utm_campaign=how_to_start_trading_forex
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10 Best Forex Trading App in 2021

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The foreign exchange market is fast-moving, ever-changing and highly competitive. It’s the world’s largest market with a turnover of over $5 trillion per day. A trading platform is a core instrument that lets investors and traders open, manage and close market positions. Nowadays, it’s easier to get access to real-time updates on Forex anytime and anywhere thanks to the increased availability of mobile Forex trading apps. Their major strengths are high efficiency, low-performance requirements, and ease of use.

Read Full on FXOpen Company Blog...

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Trading hours schedule on February 12th and February 15th

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Dear Traders,
Please note that due to the celebration of Lunar New Year's Day in Hong Kong on Friday, February 12th, 2021 and US President's Day on Monday, February 15th, trading hours for some financial instruments will be changed as follows:

Thursday, February 11th, 2021

  • Indices CFD:
    • Hong Kong 50 (#HSI) – trading starts at 03:15 and ends at 06:00.

    All other financial instruments will be traded as usual.

Friday, February 12th, 2021

  • Indices CFD:
    • Hong Kong 50 (#HSI) – trading closed.

    All other financial instruments will be traded as usual.

Monday, February 15th, 2021

  • Spot commodities CFD:
    • Gold (XAUUSD) – trading ends at 20:00;
    • Silver (XAGUSD) – trading ends at 20:00;
    • US Crude (XTIUSD) – trading ends at 19:45;
    • US Natural Gas (XNGUSD) – trading ends at 19:45.
  •   Indices CFD:
    • Japan 225 (#J225) – trading starts at 23:00 on Sunday and ends at 18:00 on Monday;
    • US SPX 500 (#SPXm) – 23:00 Sun – 18:00 Mon;
    • US Tech 100 (#NDXm) – 23:00 Sun – 18:00 Mon;
    • Wall Street 30 (#WS30m) – 23:00 Sun – 18:00 Mon.
  • Stock CFD – trading closed.
    All other financial instruments will be traded as usual.

Please consider these changes when planning your trading activities next week.

FXOpen Company News

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  • 2 weeks later...

Install the FXOpen Traders Tools extension for Google Chrome and use it to help shape your trading strategies

Dear trader,

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FXOpen prides itself on providing you with the best Forex trading tools directly from your browser! Install the FXOpen Traders Tools extension for Google Chrome and use it to help shape your trading strategies.

Features

  • Analytics – in-depth technical and fundamental analysis and forecast for currencies and commodities by experienced financial analysts;
  • Quotes – real time prices and spreads;
  • Calendar – important events and releases that affect the forex, stocks and commodities markets;
  • Company news – latest FXOpen company news and promotions;
  • Live news – FX live trading news.

The extension is also connected to the MyFXOpen area and Forex trading accounts page, allowing you to access the information you need with just a single click.

source

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Trade Crypto and Stocks CFDs from one ECN account!

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Dear Clients,

FXOpen is happy to announce that we have made our trading environment even more efficient and convenient for you! Clients with ECN accounts who trade on MetaTrader 4 and MetaTrader 5 platforms can now trade crypto and stocks CFDs from one ECN account. Available leverage for Stocks CFDs is 1: 5, for Crypto CFDs is 1: 3.

   

We now offer popular stocks among traders such as Apple Inc., Walt Disney Co., Bank of America Corp., Coca-Cola Co. and others, as well as the most popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple. There are more than 100 new instruments available for trading on the MT4 and MT5 platforms. Learn more….

We would also like to inform you that clients who trade on the TickTrader platform now have access to even more trading instruments - over 600 CFDs on the most popular stocks and cryptocurrencies.


 

FXOpen Company News

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January 2021 TOP 10 PAMM Accounts Overview

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January and New Year’s holidays are over, and the daily routine goes on. Now it is important to achieve stability when investing your savings. February is not a long month by the number of days, and the main challenge is to choose the right investment portfolio so that PAMM managers can show a positive result in such a short period. Read about how FXOpen top PAMM managers performed in January 2021 in our latest review.

Read Full on FXOpen Company Blog...

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FXOpen Promotion: Enjoy No Deposit Bonus for TickTrader Accounts

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Dear traders,

FXOpen is happy to introduce $10 No Deposit Bonus for TickTrader ECN Accounts. The offer is open to all new clients who have registered with FXOpen and got Grade 1  verification.

How to get the bonus?

  1. Register an FXOpen eWallet
  2. Get Grade 1 verification
  3. Open a TickTrader ECN account

Read Full on FXOpen Company News...

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Forex Contests
 
Join Forex trading contests and earn real-money prizes and bonuses for your live trading!
 
Take a dive into the exciting world of Forex trading contests with ForexCup! ForexCup.com offers regular weekly and monthly trading contests for demo accounts. You can join most of them for free, but some have a small entry fee. Forex trading competitions are the best way for you to gain experience in Forex trading and to try out and improve your trading strategies.
 
ForexCup offers:
 
  • Demo ECN trading. During the contest you will be trading in the Demo ECN environment of FXOpen broker. All trading is done via the well-known and popular MetaTrader 4 terminal.
  • Real prize money and bonuses. Our bonuses and prizes are real money. After the end of the contest you can withdraw your prize or use it for live trading.
  • Partnership and Bonus Programs
ForexCup Facts and Figures:
 
  • The project was launched 10 years ago;
  • During its existence, over 220 contests have been organized, including CryptoMania, PAMM School and Regional Forex Championships with over 150 PAMM accounts and the overall prize fund of more than $500,000;
  • Since 2015, over 1,500 traders have won prize money and bonuses with a total amount of $200,000;
  • Last year, 64 traders were awarded with PAMM STP accounts with 40,000 and more deposits.
ForexCup Today:
 
  • Over 23,100 participants;
  • Over $5,000 prize money each month;
  • 2 regular Forex trading competitions. In 2019 "Forex School" and "Money Managers" competitions were very popular among traders. During the last  contests, winners have received into management over 128 PAMM accounts with the total deposit of $80,000.
  • We also hold one-time trading contests such as "The Lord of the Crypto", "CFD Open", etc
 
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Join the “Money Managers” contest and win up to $5,000

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FXOpen invites traders to participate in "Money Managers", a contest with real PAMM accounts. Don't miss your chance to win big money prizes totaling 10,000 USD!
The contest starts on March 1, 2021, and registration will be open for 2 months until May 1.

Read Full on FXOpen Company News...

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Cryptocurrency CFDs TRADING
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TRADE CRYPTO CURRENCY with CFD Instruments

FXOpen lets you trade all the most popular cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Dash (DSH), Ripple (XRP), Monero (XMR), IOTA, EOS, NEO, OMNI in the form of CFDs without having to hold any cryptocurrency directly.

WHY TRADE CRYPTOCURRENCY WITH FXOPEN?
 

  • ONE OF THE LARGEST BITCOIN CFD BROKERS - We use top Liquidity providers (Exchanges) to aggregate liquidity and hedge the risks of client's exposure. Our order execution is based on the ECN Aggregator.
  • TRUE ECN ENVIRONMENT - You can trade cryptocurrencies on MT4 Platform and enjoy all the benefits of ECN execution: you trade against other market participants, not against the broker.
  • LOW SPREADS AND COMMISSIONS - You get tight market spreads and low trading commissions (0.5% half-turn), while the broker benefits as your traded volume and profits grow.
  • TRADE THE WAY YOU LIKE - All the popular Forex trading styles including scalping, hedging and all the types of expert advisors are allowed.
  • THE MOST POPULAR TRADING PLATFORM - Buy or sell instantly with one-click trading on MT4.
  • GO LONG OR SHORT ON ANY CRYPTOCURRENCY CFD - Take a position when you expect a cryptocurrency to fall in value, as well as rise. No actual crypto assets are required.
  • ENJOY PEACE OF MIND TRADING WITH A TRUSTED BROKER - FXOpen is a reliable Forex broker with a 10+ years' history.

 

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Dear Customers,
 
Fxopen is pleased to inform you that, New trading instruments have been added:
 
SPDR S&P 500 ETF Trust (SPY)
Global X Lithium & Battery Tech ETF (ICLN)
iShares Global Clean Energy ETF (ICLN)
Vale SA (VALE)
BlackBerry Ltd (BB)
Bayer AG (BAYN)
 
Regards,
FxOpen
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Join the “Money Managers” contest and win up to $5,000

Money-Manager-new-en.png

FXOpen invites traders to participate in "Money Managers", a contest with real PAMM accounts. Don't miss your chance to win big money prizes totaling 10,000 USD!
The contest starts on March 1, 2021, and registration will be open for 2 months until May 1.

Read Full on FXOpen Company News...

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FXOpen Switches its Trading Servers to Summer Time (GMT+3)

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Dear traders,

On March 14th, 2021 FXOpen will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3.

The change will affect all types of FXOpen trading accounts. Summer time will take effect starting with the market opening on Monday, March 15th 2021.

In Crypto accounts, where trading is available during the weekend, traders will experience the change immediately after it occurs, on Sunday, March 14th, 2021.

The changing of server time should not impact your open trades or the process of opening, placing, closing and modifying orders. However, keep this in mind when planning your trading and do not forget to adjust the time settings in your Indicators and Expert Advisors.

FXOpen Company News

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FXOpen Adds New Instruments with FXOpen Markets

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Dear traders,

We are happy to announce that as FXOpen clients you will get even more possibilities for advanced trading. We constantly monitor market news and customers' requests to put traders' interests first. Observing the growing demand for trading “Top Pick” instruments, we are introducing the following positions in FXOpen Markets:

  • SPDR S&P 500 ETF Trust (SPY);
  • Global X Lithium & Battery Tech ETF (ICLN);
  • iShares Global Clean Energy ETF (ICLN);
  • Vale SA (VALE);
  • BlackBerry Ltd (BB);
  • Bayer AG (BAYN).

We hope that with these instruments you will get even more room for market exploration and testing complex trading strategies. You can start trading with new instruments right now.

If you need any additional info about the list of the instruments provided or have any other questions, please do not hesitate to contact our Customer Service team using the information below.

We wish you the best of luck with your trading!

FXOpen Company News

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February 2021 TOP 10 PAMM Accounts Overview

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Although the winter is over, the early spring has not made things much brighter around the world. However, PAMM account managers continue to trade actively, adapting their strategies to the changing market. Investors’ goals are still the same — they want to invest their money in the most promising PAMM accounts with minimum risk and maximum profit.

On March 1, 2021, FXOpen launched a new round of “Money Managers” competition, where participants can not only show their skills in PAMM account management but also win up to 5,000 USD in prizes. Registration is open until May 1.

Read Full on FXOpen Company Blog...

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  • 2 weeks later...

Easter 2020: Changes to Trading Hours

Dear Traders!

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Please note that due to the Easter holidays, trading hours for some financial instruments will be changed as follows:

Thursday, April 1st, 2021

Indices CFD:

  • Australia 200 (#AUS200): 01:00 – 16:00;
  • Europe 50 (#ESX50): 01:00 – 23:00;
  • France 40 (#FCHI): 01:00 – 23:00;
  • UK 100 (#UK100): 01:00 – 23:00.

All other financial instruments will be traded without changes.

Friday, April 2nd, 2021

Commodities CFD: trading closed.

Indices CFD:

  • Australia 200 (#AUS200): trading closed;
  • Europe 50 (#ESX50): trading closed;
  • France 40 (#FCHI): trading closed;
  • Germany 30 (#GDAXIm): trading closed;
  • Hong Kong 50 (#HSI): trading closed;
  • Japan 225 (#J225: 01:00 – 16:15;
  • UK 100 (#UK100): trading closed;
  • US SPX 500 (#SPXm): 01:00 – 16:15;
  • US Tech 100 (#NDXm): 01:00 – 16:15;
  • Wall Street 30 (#WS30m): 01:00 – 16:15.

Stocks CFD: trading closed.

All other financial instruments will be traded without changes.

Monday, April 5th, 2021

Indices CFD:

  • Australia 200 (#AUS200): trading closed;
  • Europe 50 (#ESX50): trading closed;
  • France 40 (#FCHI): trading closed;
  • Germany 30 (#GDAXIm): trading closed;
  • Hong Kong 50 (#HSI): trading closed;
  • UK 100 (#UK100): trading closed.

Stocks CFD:trading closed.

All other financial instruments will be traded without changes.

Monday, April 6th, 2021

Indices CFD:

  • Australia 200 (#AUS200): 02:50 Tue – 00:00 Wed;
  • Europe 50 (#ESX50): 03:15 Tue – 00:00 Wed;
  • France 40 (#FCHI): 09:00 Tue – 00:00 Wed;
  • Hong Kong 50 (#HSI): trading closed;
  • UK 100 (#UK100): 03:00 Tue – 00:00 Wed.

Stocks CFD:trading closed.

All other financial instruments will be traded without changes.

Please consider these changes when planning your trading activities.

FXOpen Company News

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FXOpen Increases Margin Requirements for Rouble Pairs

Dear Traders!

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Due to the uncertainty caused by possible sanctions against the Russian Federation, FXOpen is increasing margin requirements for rouble pairs. Margin requirements will increase by 5 (five) times their normal level. The changes are effective starting from April 5, 2021.

We will inform you as soon as margin requirements are back to their previous level.

Please consider these changes when planning your trading activities.

FXOpen Company News

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  • 3 weeks later...

March 2021 Top 10 PAMM Accounts Overview

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You would not want to forget about investing at any time of year, as it is essential to prepare your portfolio, taking into account all the changes in FXOpen’s PAMM rating. More and more managers are joining the platform, and this PAMM overview will help investors navigate among their offers and choose the best ones to shape investment strategies.

There were 192 active managers with $2,908,613.00 on their FXOpen accounts in early May.

Read Full on FXOpen Company Blog...

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FXOpen Launches Instant Bank Transfers in Vietnam and South Korea

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Dear Clients,

FXOpen is pleased to announce that we've added a new method of depositing and withdrawing funds. Clients from Vietnam and South Korea can now carry out transactions via Instant Bank Transfers. Instant Bank Transfers are transactions made from an online bank account in a local currency.

To celebrate the launch, clients can deposit for free, paying 0% commission for the first month of use.

Read Full on FXOpen Company News...

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Trading Hours Schedule for the UK Early May Bank Holiday on 3 May

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Dear Traders,

Due to the UK Early May Bank Holiday on 3rd May, you will experience the following changes in the trading hours schedule:

UK 100 Index (#UK100)

  • Friday, April 30th: 01:00 - 23:00;
  • Monday, May 3rd: trading closed;
  • Tuesday, May 4th: opening at 03:00.

All other financial instruments will be traded as usual.

Please take these changes into consideration when planning your trading activities for the upcoming week.

FXOpen Company News

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  • 2 weeks later...

Trading Hours Schedule for the Hong Kong Public Holiday on 19th May

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Dear Traders,

Due to the Hong Kong Public Holiday on 19th May, you will experience the following changes in the trading hours schedule:

Hong Kong 50 (#HSI)

  • Tuesday, May 18th: 01:00 - 22:00;
  • Wednesday, May 19th: trading closed;
  • Thursday, May 20th: opening at 04:15.

All other financial instruments will be traded as usual.

Please take these changes into consideration when planning your trading activities for the upcoming week.

FXOpen Company News

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FXOpen Leading April 2021 PAMM Accounts Overview

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It’s May 2021 already, so it’s high time we took a look at where we ended up in April. Our latest review of PAMM accounts is meant to help investors navigate the rating of FXOpen’s PAMM account managers and form their portfolio by choosing what’s best for them based on profitability and outlook reports.

As of now, 160 manager accounts have been registered with FXOpen, with the accumulated investment capital in the amount of US$2,912,991.00.

Read Full on FXOpen Company Blog...

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Trading hours schedule for Memorial Day (US) & Spring Bank Holiday (UK)

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Dear Traders,

Due to the Memorial Day in the US and the UK Spring Bank Holiday on 31st May, you will experience the following changes in the trading hours schedule:

Friday, May 28th, 2021

Indices CFD:

  • UK 100 (#UK100): 01:00 – 23:00.

All other markets will be open for trading as usual.

Monday, May 31st, 2021

Metals and Commodities CFD:

  • Gold (XAUUSD): 01:00 – 20:00;
  • Silver (XAGUSD): 01:00 – 20:00;
  • UK Brent (XBRUSD): 03:00 – 19:45
  • US Crude (XTIUSD): 01:00 – 19:45;
  • US Natural Gas (XNGUSD): 01:00 – 19:45.

Indices CFD:

  • Japan 225 (#J225): 01:00 – 20:00;
  • UK 100 (#UK100): trading closed;
  • US SPX 500 mini (#SPXm): 01:00 – 20:00;
  • US Tech 100 mini (#NDXm): 01:00 – 20:00;
  • Wall Street 30 mini (#WS30m): 01:00 – 20:00.

Stocks CFD: trading closed.

All other markets will be open for trading as usual.

Tuesday, June 1st, 2021

Indices CFD:

  • UK 100 (#UK100): opening at 03:00.

All other markets will be open for trading as usual.

Please take these changes into consideration when planning your trading activities for the upcoming week.

FXOpen Company News

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