CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.
Forex is the global cash inter-bank market used to exchange currencies between different countries. It is the world's largest financial inter-dealer market with an estimated daily average volume of more than $3 trillion. However, Forex trading is not conducted on a regulated exchange
Where are Forex trades transacted?
Unlike stocks and futures, Forex transactions are not conducted on a regulated exchange with a specific location. There is no central location where trading takes place. The bulk of Forex trading is among large international banks and institutions that process transactions for large companies and governments. These institutions provide forex quotes on a continuous basis. Trading occurs via the internet, by telephone, and through computer terminals in different locations worldwide.
Who are the participants in the Forex Market?
The FOREX market is often referred to as an Interbank market due to the fact that historically it has been dominated by banks, including central banks, commercial banks, and investment banks. However, the percentage of other direct and indirect market participants is rapidly growing, and now includes large multinational corporations, global money managers, registered dealers, international money brokers, futures and options traders, and private speculators.
What are the trading hours for Forex?
The Forex market is open 24 hours a day starting from Sunday evening at approximately 7:00 pm EST and ends on Friday at about 3:00 pm EST. It covers three different time zones: Asia, Europe and North America
What are the most commonly traded currencies in the Forex markets?
The most often traded or 'liquid' currencies are those of countries with stable governments, respected central banks, and low inflation. Today, over 85% of all daily transactions involve trading of the major currencies, which include the US Dollar (USD), Japanese Yen (JPY), Euro (EUR), British Pound (GBP), Swiss Franc (CHF), Canadian Dollar (CAD) and the Australian Dollar (AUD).
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts to lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.
CFD and Forex Trading involve leveraged products, and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.
Union Standard International Group Limited is authorised and regulated by the Financial Conduct Authority with FCA Register Number 798776. USG UK is a trading name of Union Standard International Group Limited, a company registered in England and Wales under number 10702813. Registered address is at C/O Buzzacott LLP, 130 Wood Street, London EC2V 6DL. Telephone calls and online chat conversations may be recorded and monitored.