Forex, additionally known as foreign exchange or FX, is the over-the-counter market in which the foreign currencies of the world are traded. The forex market is available 24 hours a day, five days a week and it’s the largest, most liquid financial market in the world. Comparatively, the New York Stock Exchange (NYSE) makes approximately $169 billion a day in volume while the forex market makes well over $5 trillion a day in volume.

A PIP is generally the 4th decimal point in the price of a currency pair. For example, if the listed price is 1.1473 – the 4th decimal point is the number 3. If the price moves to 1.1479, then it has moved 6 PIPs. It is important to point out that with select assets the PIP definition may be different.

The spread of a financial instrument is the difference between the price of the Bid (the Sell) and the Ask (the Buy) of an instrument. For more information about our spreads please refer to the Trading Conditions page.

Slippage ensues when the market gaps over prices or because available liquidity at a given price has been exhausted. Market gaps generally happen during fast-moving markets when a given price can jump several pips without trading at prices in between. Likewise, each price has a certain amount of available liquidity. For example, if the given price is 60 and there is 2 million available at 60, then a 4 million order will get slipped, since 4 million is more than the 2 million available at the price of 60.

The most prevalent Forex risk management tools are the limit and stop loss orders. A limit order places a restriction on the maximum price to be paid or the minimum price to be received. A stop loss order sets a particular position to be automatically closed at a prearranged price in order to limit potential losses if the market moves against a trader’s position.

With Our Trading platform Traders you can trade major, minor and exotic currency pairs. Additionally, you can trade Forex on commodities, stocks and indices.

This trading platform additionally provides exceptional Forex trading education, as well as tools to equip traders to make intelligent trading decisions. Including webinars, live-trading sessions, daily Forex analysis and trade alert, and one-on-one consultation with our resident experts.