Foreign exchange (forex) trading is the price speculation of one currency against another. Forex markets are traded as currency pairs where a trader will buy or sell one currency against a base currency. For example, a EUR/USD buy trade, represents buying EUR and selling USD.
The foreign exchange market is the largest financial market, with a turnover of more than $6 trillion a day in currency trades. With the high volume of trading, particularly in the spot market, traders can potentially take advantage of the high liquidity and volatility in the foreign exchange market.
Profitdex provides traders access to the most liquid global foreign exchange markets. Experience a true institutional level of trading through our deep FX liquidity pools and become an active trader in global markets.
Select your exposure to risk with leverage up to 1:1000 for trading forex CFD to take advantage of market fluctuations. Leverage is a trading tool that can provide traders with the possibility to generate substantial returns on their accounts, though this could also result in losses. When utilizing leverage, you could also consider using stop losses to limit your downside risk.