If you’re looking to trade the foreign exchange market, you’re in the right place! Admiral Markets gives you access to over 40 CFDs on currency pairs, including Forex majors, such as EURUSD; Forex minors, such as EURGBP; and exotic pairs, like USDCZK.
Admiral Markets offers much more than Forex trading! We also offer CFDs on indices, precious metals, energies, ETFs, bonds, shares, stocks and cryptocurrencies!
The first step to start trading the Forex and CFD markets is signing up for a Trader`s Room account. Then, you can open either a Demo trading account with virtual funds or a Live trading account.
OUR FOREX INSTRUMENTS
Check the latest prices on our top Forex CFDs on currency pairs. As you can see, the foreign exchange market is in constant flux, with volatility being one of the key characteristics of Forex trading.
LEARN FOREX BASICS WITH ADMIRAL MARKETS EDUCATIONAL VIDEOS
Step up your trading with our free online Forex and CFD trading videos. We hope that these three videos will help you learn the Forex basics to begin trading Forex and CFDs.
TRADE FOREX WITH ADMIRAL MARKETS
Admiral Markets is a multi-national, award-winning Forex and CFD online broker. We offer trading CFDs on currency pairs, shares, stock indices, commodities, ETFs, bonds and cryptocurrencies.
FIND OUT MORE ABOUT FOREX TRADING
If you have questions about Forex trading, we have the answers! Check out our Frequently Asked Questions. If you don’t find the answer you’re looking for, please don’t hesitate to contact your locally-based customer support team.
What is Forex trading?
The Forex market, also known as the foreign exchange market or FX, is the market in which currencies are traded. This financial market is the largest and most liquid in the world. Trading is open 24 hours a day, five days a week. To demonstrate the enormity of its volume, the New York Stock Exchange handles approximately $169 billion worth of transactions a day, while the Forex market sees over $5 trillion worth of transactions a day!
How does Forex trading work?
A Forex contract for difference (CFD) is a financial instrument that allows traders to invest in an asset class, namely currency pairs, without actually owning the underlying asset. Forex CFDs offers traders the opportunity to profit from price movements — prices moving up (going long) or prices moving down (going short). It`s a relatively simple security calculated by the asset`s movement between trade entry and exit, computing only the price change without consideration of the asset`s underlying value. A Forex CFD works like a contract between two parties (the buyer and the seller). It states that the seller will pay the buyer the difference between the current value of an asset and its value at "contract time". If the difference is negative, the buyer pays the seller instead. Find out more about how Forex works.
What are the Forex trading hours?
The Forex market is open 24 hours a day, 5 days a week and currencies are traded worldwide among the major financial centres. The market opens on Sunday at 10:00 pm GMT, and closes on Friday at 10:00 pm GMT. The specific hours of each centre are as follows: Sydney – 10:00 pm - 7:00 am GMT Tokyo – 12:00 am - 9:00 am GMT London – 8:00 am - 5:00 pm GMT New York – 1:00 pm -10:00 pm GMT
Is Forex trading expensive?
This really depends on how you intend to trade, whether you use leverage and to what level and how much capital you decide to risk. You could start by investing $50, or $50,000 – the sky is the limit. However, you should remember that increasing the amount of leverage also increases the level of risk you’re exposed to. Ultimately, trading boils down to a trader’s psychological tolerance and management of risk. Skilled traders are able to minimise risk and maximise profit through careful market analysis, developing an effective trading strategy and money management rules.
Who participates in the Forex market?
There are a number of main-players in the Forex market, including central banks, commercial banks, and investment banks. This is known as the interbank market, as they constantly deal with each other on behalf of themselves or their customers. There are a number of other participants in the foreign exchange market, however, which also includes large multinational corporations, global money managers, registered dealers, international money brokers, futures and options traders and individual investors.
How are currency market prices determined?
There are many factors that can impact – or potentially impact – currency market prices. Such factors include economic and political events and announcements, interest rates, inflation levels and natural disasters – among others. There’s no sure-fire way to predict price movements, but some handy hints can be gleaned through the analytical techniques implemented and shared by trading analysts.
What’s the best Forex trading platform?
MetaTrader 4 and MetaTrader 5 are the world’s most popular trading platforms. Admiral Markets also offers a unique package of over 60 unique tools, indicators and add-ons – the MetaTrader Supreme Edition – which is available for both MT5 and MT4. Admiral Markets’ traders can also trade Forex online without downloading anything – directly in their web-browser – with MetaTrader WebTrader.
Where can I learn more about foreign exchange market trading?
Check out our other educational content, including articles, training programs, seminars, webinars and video tutorials. Practise makes perfect, of course, and the best way to get started is by creating a free Demo account. Beginner and experienced traders alike use Demo accounts to get a feel for currency trading and then to test and fine-tune trading strategies and set-up add-ons, plugins, scripts and indicators. Demo accounts are free of both charge and risk and allow you to practise in a real-market environment, with virtual money. If you haven’t already got one, sign-up now!
How can I profit from trading Forex online?
To make a profit while Forex trading online, you need the market to move in your favour. You can help your chances of this by analysing the market in various ways. Technical analysis involves trends, historical data and current market movements. It’s more statistically focussed in examining charts and indicators. Alternatively, you could look at fundamental analysis, which focuses more on important economic events and announcements that may influence the market. Whichever type of analysis you decide to follow, you should look to build a formulated Forex trading strategy, incorporating wise decision making and appropriate money and risk management. The sum of your profit depends on the efficiency of your trading strategy, on how well you learn to predict market movements, your risk management strategy and on the amount you choose to deposit.
Where can I read about Forex trading strategies?
Admiral Markets can provide you with all of the information you you could ever possibly need to know to help you start or improve at trading Forex online. To find out more about Forex trading strategies, we suggest you check out our other educational content, which includes hundreds of in-depth articles, as well as training programs, seminars, webinars and video tutorials.
Where can I get a Forex trading tutorial?
Admiral Markets has some great educational courses that you should try out. Check out our education section for more information.
Forex spreads brokers comparison
All data from the webpage of certain service provider as of November 2019.
Admiral Markets spreads are typical for the main trading hours.
Spreads from other service providers are either typical or minimal for the main trading hours and depend on the particular service provider offer.
BEST CFD BROKER 2019
Deutsches Kundeninstitut award in the category "Best CFD Broker 2019"
BEST CFD BROKER 2019
Brokerwahl.de award in the category "CFD Broker of the Year 2019" First Place
BEST FOREX/CFD BROKER 2018
Brokervergleich.de award in the category "Best Forex Broker 2018" & "Best CFD-Broker 2018"
BEST FOREX/CFD BROKER 2018
Traders` Magazine ES Award in the category "Best CFD Broker 2018" & "Best Forex Broker 2018"