Forex Trading
PixelMarkets offers over 60+ Forex currency pairs. Access the world's forex markets and get tight spreads, starting from as low as 0.0 pips.
Trade Forex
with PixelMarkets
Forex is one of the quickest and most liquid and interesting market in worldwide. Join with a trusted broker for thousands who are already doing forex trading with PixelMarkets which is offering over 50+ forex pairs in all the major and minor foreign currencies 24/5. All the major forex pairs are including USD (US dollar) thought at is a base currency or quotes currency such as USD/JPY, GBP/USD, USD/CAD, EUR/USD.
PixelMarkets offers you very tight spreads in trade which start from as low as 0.0 pips. We have collaborated with major baking and financial institutions for ensure best liquidity for our trader so that they can get the best market prices and fast order execution.
Our main goal is to provide best forex trading experiences to our trader by the modern technology with the MT4 and Web trader also with Android and IOS mobile apps. When you are going to trading forex on the global markets, you have the best control with the smooth trade charting tools.
PixelMarkets consistent focus on excellence and best trading experience from 2015 where it won us numerous honors and acknowledgment for best broker. It provides best trade execution which make it different from others broker. It also provides 24/5 support and anyone can start forex with us just $100 and maximum leverage up to 500:1.
What Can You Trade on PixelMarkets?
Share CFDs
Over 1000 stocks on global exchanges
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Futures CFDs
6 across global
exchanges
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Indices
7 to trade on global
exchanges
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Commodities
Gold, oil,
silver and more
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Forex
25 currency
pairs
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Trade Forex with a Regulated Forex Broker
To start your forex journey with an expert forex trading experience by opening a trading account with PixelMARKETS. The Expert support team with advanced trading chart tools for fundamental and technical analysis are always available in PixelMARKETS Broker. Fast execution with tight spread also needs to consider before start your forex journey.
Forex Quotes/ Exchange Rates
In Forex Market currencies are traded in pairs such as GBP/USD, USD/CAD, EUR/AUD. All currencies are noted in 3 lettered code like USD (US dollar), CAD (Canadian dollar), JPY (Japanese yen), AUD (Australian dollar). At the point when you see a currency quote, the first currency in the pair which is called the base currency and another one called quote currency. For Example, suppose EUR/USD is exchanging at 1.1086 which means you need $1.1086 USD for buy 1 unit of EURO.
There are two prices in the trading one is the higher price 1.2127 which is the asked price and another 1.2124 is the bid rate. In there bid price is the maximum price which a buyer wants to pay and ask price is the minimum price which a seller want to accept for the currency. These rates vary continually, contingent upon supply and demand, market sentiment and other factors.
Spread
The difference between these two prices is known as the spread in forex trading. Which are the broker’s charges as known. This spread is depending on broker which your choice for trading. Its very from broker to broker. Trusted and licensed forex brokers who are use ECN on their broker can offer the tightest spreads for trader which is the best for any scalper.
Start Forex Trading with an Regulated Broker
Pip
Pip is a point of percentage which is the smallest amount of change in the rate of a currency pair. Pip is the fourth digit after decimal in price rate. For example, in USD/CAD currency pair rate is $1.2134 where 4 is a pip. But for some currency like Japanese YEN, it is different like $112.25 rate where 5 is a pip.
It is always fluctuating which have an effect on forex trading. For example, if you like to buy GBP/USD pair at $1.1050 and if it will increase 5 pips then you can sell it $1.1055.
Majors, Minors and Exotics
In forex market, all the currency are not traded in large volumes. The USD (US dollar), which is the world’s largest reserve currency and not doubt it traded the most among other pair in the forex industry. Throughout the long term, USD dominance but there are segregated into major minor and exotic currency pair category in the forex market.
Majors
Major currency pairs which based or quote on USD currency and have the tightest spreads. Major currency is traded most in the forex market.
EUR/USD
Euro/US Dollar
GBP/USD
British Pound/US Dollar
USD/JPY
US Dollar/Japanese Yen
CAD/USD
US Dollar/Swiss Franc
AUD/USD
Canadian Dollar/US Dollar
USD/CHF
Australian Dollar/US Dollar
NZD/USD
New Zealand Dollar/US Dollar
Minor
Minor currency pairs also known as cross-currency pairs where USD (US dollar) not include. Few minor pair are,
EUR/GBP
Euro/British Pound
EUR/AUD
Euro/Australian Dollar
CHF/CAD
Swiss Franc/Canadian dollar
GBP/JPY
British Pound/Japanese Yen
GBP/CAD
British Pound/Canadian dollar
GBP/NZD
British Pound/New Zealand dollar
EUR/NZD
EUR/New Zealand dollar
Exotics
Exotics currency include a major currency with a non-major currency where USD included. Exotics currency trade is considered risky.
EUR/TRY
Euro / Turkish Lira
USD/HKD
US Dollar / Hong Kong Dollar
AUD/MXN
Australian Dollar / Mexican Peso
EUR/MXN
EURO / Mexican Peso
USD/MXN
US Dollar / Mexican Peso
HKD/MXN
Hong Kong Dollar / Mexican Peso
Forex Quotes/ Exchange Rates
At the point when you accept a long position in a currency pair, that’s mean you are thinking the price will increase in future. This implies you wish to purchase the base currency and sell the quote currency, since you expect the base currency should appreciate regarding the quote currency.
On the other hand, At the point when you accept a short position in a currency pair, you sell the base currency that’s mean you are expecting the price with decrease in future.
Lot Sizes
At the point when you settle on your position size, you may hear about the term lot. Lots are normalized position sizes for forex currencies. To trade according your own risk or wise, the forex industry will give you the flexibility for that. In the base currency the standard size for a lot is 100000 units. There is also different type of size such as mini, micro and nano lot sizes for different type of traders which contain 10000, 1000, and 100 units of the bas currency.
