Forex Trading

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Forex, Shares and CFDs

Forex Trading

The foreign exchange market (forex, FX, or currency market) is a worldwide, decentralised, over-the-counter financial market for trading currencies. It is the largest financial market in the world with a volume of over $1.5 trillion a day worldwide*. Total forex trading volume is well over three times the total of the stocks and futures markets combined.

Why Trade FX Pairs?

OVER 60 CURRENCY PAIRS

Trade forex with competitive spreads. All strategies are welcome.

ACCESS TO LEVERAGE
Trade with up to 200:1 leverage on forex, indices and commodities

TRADE 24 HOURS, 5 DAYS A WEEK

Trade the worlds largest markets from Sunday 10:00pm to Friday 10:00pm

Trading

Getting Started with Forex
 

The basic concept of FX trading is similar to most investment strategies; buy a currency when it is low and then sell for a profit when it is worth more. You buy one currency with another, therefore exchanging your starting currency for one which you believe will increase in value.

Once you understand and can answer the question ‘what is FX trading?’ you should be ready to begin investing in currencies. Still, you may know what forex means but be unsure about entering the FX market. There are various reasons to consider trading forex:

  • Largest, most liquid market in the world

  • Trading opportunities 24 hours a weekday

  • Only need to focus on one or two currency pairs

  • Commission free trading with low cost spreads

  • 200:1 leverage available

Advantages of Trading Forex
 

The deep liquidity of the Forex market allows a constantly ample amount of trading opportunities to occur. Also, since all currencies are traded in pairs (e.g. EUR/USD) the Forex market offers you the chance to profit regardless of whether the market is moving up or down.

SIG Trading gives you all the software, information, tools and analysis you need to take part in the biggest and most exciting financial market. The Foreign Exchange market, also known as Forex or FX, sees up to $5.3 trillion transferred daily – significantly overpowering the stocks and shares market.

SIG Trading offers more than 50 different currency pairs for you to trade, 24 hours, 5 days a week anywhere, anytime.

Trading Hours

As one major forex market closes, another one opens. According to GMT, for instance, forex trading hours move around the world like this: available in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. This enables traders and brokers worldwide, together with the participation of the central banks from all continents, to trade online 24 hours a day.

Rollover

Rollover is the interest paid or earned for holding a position overnight. A credit or debit for each position open at the end of the day is applied directly to your account balance. Your trading platform automatically calculates your rollover amounts. so rollover applies if you hold your position past 8:00 PM ET.

A forex rollover rate is defined as the interest added or deducted for holding a currency pair position open overnight. These rates are calculated as the difference between the overnight interest rate for two currencies that a Forex trader is holding whether long (buying a currency pair) or short (selling a currency pair).

When do you calculate your swap rates?

Our swap rates are calculated each day at 4.59pm New York time/11.59pm MT4 platform time (GMT+2). Trades that have been opened before 4.59pm and held open past this time will be subject to swap rates. Swap rates are tripled on Wednesday at 4.59pm to account for weekends. Please note that this is the standard structure of swaps – however, on weeks where there are holidays, the swap rate structure may be modified to account for the holiday.

RISK WARNING

CFDs are leveraged products that incur a high level of risk and can result in the loss of all your capital and may therefore not be suitable for all investors. You should not risk more than you are prepared to lose and before deciding to trade, please ensure you understand the risks involved, take the level of your experience into consideration and seek independent advice if necessary. We strictly do not provide trading advice.

020 3371 1538

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Sovereign Investment Group (trading name: SIG Trading) is a UK registered and incorporated company (company number: 11116279).

SIG Trading works in partnership with IC Markets (Partner ID: 27557)

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RISK WARNING

CFDs are leveraged products that incur a high level of risk and can result in the loss of all your capital and may therefore not be suitable for all investors. You should not risk more than you are prepared to lose and before deciding to trade, please ensure you understand the risks involved, take the level of your experience into consideration and seek independent advice if necessary. We strictly do not provide trading advice.

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