Forex CFD trading
Forex Pairs Available on R1Investing
| Symbol | Description | Trading hours | |
|---|---|---|---|
| EURUSD | Euro vs. US Dollar | 24H | Buy Sell |
| GBPUSD | Great Britain Pound vs. US Dollar | 24H | Buy Sell |
| EURGBP | Euro vs. Great Britain Pound | 24H | Buy Sell |
| USDJPY | US Dollar vs. Japanese Yen | 24H | Buy Sell |
| AUDUSD | Australian Dollar vs. US Dollar | 24H | Buy Sell |
| NZDUSD | New Zealand Dollar vs. US Dollar | 24H | Buy Sell |
| USDCHF | US Dollar vs. Swiss Franc | 24H | Buy Sell |
| EURAUD | Euro vs. Australian Dollar | 24H | Buy Sell |
| EURNZD | Euro vs. New Zealand Dollar | 24H | Buy Sell |
| GBPAUD | Great Britain Pound vs. Australian Dollar | 24H | Buy Sell |
| GBPJPY | Great Britain Pound vs. Japanese Yen | 24H | Buy Sell |
| GBPNZD | Great Britain Pound vs. New Zealand Dollar | 24H | Buy Sell |
| NZDJPY | New Zealand Dollar vs. Japanese Yen | 24H | Buy Sell |
| USDHKD | US Dollar vs. Hong Kong Dollar | 10:00 - 18:00 | Buy Sell |
| EURPLN | Euro vs. Polish Zloty | 10:00 - 19:30 | Buy Sell |
| USDMXN | US Dollar vs. Mexican Peso | 8:00 - 20:00 | Buy Sell |
| USDPLN | US Dollar vs. Polish Zloty | 10:00 - 19:30 | Buy Sell |
| USDRUB | US Dollar vs. Russian Ruble | 10:00 - 18:00 | Buy Sell |
| USDTRY | US Dollar vs. Turkish Lira | 9:00 - 19:00 | Buy Sell |
| USDZAR | US Dollar vs. South African Rand | 9:00 - 20:00 | Buy Sell |
| USDINR | US Dollar vs. South India Rupee | 05:00-13:30 | Buy Sell |
| EURZAR | Euro vs. South African Rand | 09:00-20:00 | Buy Sell |
| GBPZAR | Great Britain Pound vs. South African Rand | 09:00-20:00 | Buy Sell |
| EURJPY | Euro vs. Japanese Yen | 24H | Buy Sell |
| USDCAD | US Dollar vs. Canadian Dollar | 24H | Buy Sell |
What is Forex?
Forex, or FX for short, stands for the foreign exchange market, where one currency is traded against the other. This part of the market determines the exchange rate and facilitates the purchasing, selling, and exchanging processes for various currencies, like USD, JPY, GBP, etc. Having a daily turnover of $5 trillion a day it tends to be most voluminous and liquid asset market in the world.
What are the most popular currency pairs?
There’re thousands of official currencies used all over the world. Still, there is quite a small number of currencies that are actively traded in the global market arena. Here the main role plays the economic and political stability and the liquidity of a currency, for example, the US dollar is quite attractive for exchange trading, due to the size and strength of the USA economy. Nowadays, it is the most actively traded currency in the world.
Apart from the US dollar, there are eight other national currencies, that are quite actively traded online and live. These include the Canadian dollar (CAD), the British pound (GBP), the euro (EUR), the Swiss franc (CHF), the Australian dollar (AUD), the New Zealand dollar (NZD), and the Japanese yen (JPY). Presented in no specific order, as they are traded in practically equal amounts daily.
How to trade Forex?
Forex trades are all about buying one chosen currency by using another. These are called currency pairs. So, if you want to buy US dollars by using EUR, it would create a USD/EUR currency pair. What you trade is their value against one another.
For the very first encounter with the global market of foreign currencies exchange, you might want to choose CFD trading. It’s easier than direct investment and allows you to speculate on market price movements without having to buy and sell currencies themselves.
The information above is for education purposes only and cannot be considered as investment advice. Past performance is not reliable indicator of future results.