Trading involves substantial risk and may result in the loss of your invested/greater that your invested capital, respectively.

    What are stocks, how and where to trade them?

    The forex (or foreign exchange) market is where you can trade global currencies. It’s the world's largest and most liquid financial market, with daily transactions totaling over 6 trillion US dollars.

    The high liquidity and volatile nature of the market allow traders to easily buy and sell currencies, providing them more short-term trading opportunities and greater potential gains.

    On EASTON SWIFT, you can trade forex by predicting an asset’s price movement without actually buying or owning the underlying asset (currency). First, let's go over the currency pairs available to trade on our trading platforms.

    Forex assets to trade

    On EASTON SWIFT, the forex assets available for you to trade are currency pairs and basket indices.

    Currency pairs are divided into 3 groups — major, minor, and exotic pairs.

    Major pairs are the most actively traded in high volume (e.g. GBP/USD, EUR/USD, USD/JPY, and USD/CHF). Minor pairs are less popular and not as liquid as major pairs (e.g. EUR/CHF, CAD/JPY, and GBP/AUD), while exotic pairs are a major currency paired with a currency of an emerging economy (e.g. GBP/TRY, NZD/SGD, and EUR/ZAR).

    In addition to these currency pairs, you can also trade forex basket indices.

    Basket indices are weighted indices that measure the value of one currency against a basket of major currencies (each currency in the basket is weighted by 20%). On EASTON SWIFT, these indices include the Australian dollar basket, Euro basket, British pound sterling basket, and US dollar basket.

    • The AUD Basket measures the Australian dollar’s value against a basket of 5 global currencies (USD, EUR, GBP, JPY, CAD).
    • The EUR Basket measures the Euro's value against a basket of 5 global currencies (USD, AUD, GBP, JPY, CAD).
    • The GBP Basket measures the British pound’s against a basket of 5 global currencies (USD, EUR, AUD, JPY, CAD).
    • The USD Basket measures the US dollars’ value against a basket of 5 global currencies (EUR, GBP, JPY, CAD, AUD).

    Contract types

    You can trade forex on EASTON SWIFT with 3 different trade types (also referred to as contract types) — CFDs, multipliers, and options. These trading contracts do not require you to actually own or buy the currencies that you want to trade, they allow you to enter into a contract that predicts which way you think the market will move.

    How to trade forex with CFDs

    CFD stands for contract for difference. Essentially, it is an agreement between a broker and a trader to exchange the difference between the open and close price of an asset.

    If you think the price of an asset will go up, you can buy a CFD and benefit from that rise. If you think that its price will go down, you can sell a CFD and profit from that fall. The potential profit only applies when the market moves in favour of your prediction.

    You can trade forex with CFDs on EASTON SWIFT MT5 and EASTON SWIFT X. Check out our video on CFDs for more information.

    EASTON SWIFT MT5 is a popular multi-asset CFD trading platform packed with innovative features as well as superior technical and fundamental analysis tools. EASTON SWIFT X is another superb platform that lets you customise your trading experience with drag-and-drop widgets and intuitive tools. Both platforms offer high leverage and low spreads.

    How to trade forex with multipliers

    Multipliers allow you to amplify your potential profits without increasing your potential losses.

    You can also further limit your risk with multipliers. Its stop out function ensures that you will not lose more than your initial stake. Additionally, multipliers have risk management features that let you better manage your trade: stop loss, take profit, and deal cancellation.

    Multipliers trading is available on MTrader and EASTON SWIFT GO.

    MTrader offers you flexibility with stakes as low as $0.50, and the EASTON SWIFT GO mobile app lets you enjoy a smooth trading experience wherever you go.

    How to trade forex with options

    Options let you potentially earn a payout from predicting market movements within a specific time period. On EASTON SWIFT, you can trade forex with 3 different types of options contracts: digital options, lookbacks, and call/put spreads.

    This trade type is available on MBot, MTrader, and SmartTrader.

    MBot allows you to build a trading bot and automate your trades without coding skills, while SmartTrader is yet another user-friendly platform that gives you access to your favourite markets.

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