Trade Foreign Exchange
Explore the world’s foreign exchange markets and trade some of the strongest and most recognisable currencies from countries like the US, UK, Australia and Canada. Buy, sell and trade the Dollar, the Pound, the Yen, the Euro and others.
Access the Forex market with Cryptopoint72Fx and our award-winning platform.Trade the World’s most liquid market and look for opportunities in every currency pair. Benefit from a fully customizable layout, over 50 technical indicators, and ability to trade directly from charts. Trade both long and short, and enjoy lightning-fast order execution.
Cryptocurrencies available for trading
EUR/USD is The Euro, currency of the European Union, traded against the United States Dollar.
GBP/USD is The Great British Pound traded against the United States Dollar.
AUD/CAD is The Australian Dollar traded against the Canadian Dollar.
AUD/CHF is Australian Dollar traded against the Swiss Franc.
Why You should consider trading Foreign Exchange
The foreign exchange market is the most highly traded and liquid market in existence and features the trading of the national currencies of the world’s superpowers. These countries have an important impact on the global economic climate, and their currency values correlate with the environment and political factors, making forex a prime market for traders.
Wide selection of World’s currencies
Cryptopoint72Fx offers the World’s most highly traded forex currencies, including USD, GBP, JPY, EUR, as well as less popular ones, such as TRY, RUB, HKD, and many more.
Advanced technical analysis
By paying close attention to chart patterns and technical indicators, traders can easily analyse forex market trends and improve their trading results.
Easy for both professionals and beginners
The forex market is very popular for professional traders who know its opportunities, but it is an equally good place to start a trading journey.
Why trade Forex with Cryptopoint72Fx
Discover unlimited opportunities in the global forex market. It takes only 40 seconds to sign up and access all available currency pairs on Cryptopoint72Fx platform.
Best-in-class trading platform
Become a better trader with built-in charting software that helps to perform technical analysis quickly and efficiently. Take advantage of the professional tools offered on Cryptopoint72Fx platform.
Customize your trading interface with features like multi-monitor functionality, a range of integrated dashboard widgets, and 24/7 customer service.
Low trading fees
Save as much of the profits from your trading as possible with Cryptopoint72Fx , which offers some of the lowest commission rates in the industry.
How does Foreign Exchange margin trading work?
Margin trading is a process where a trader can borrow funds from Cryptopoint72Fx in order to open a larger position than the actual amount of funds deposited. Such trade will only require a fraction of the total position value, known as margin.
If your forex margin trade is successful, you will be able to make more profit than you would without using leverage. However, if the trade is unsuccessful the losses can be magnified too.
You should always consider downside potential and take steps to manage your risk.
The benefits of Foreign Exchange trading with leverage
When trading foreign exchange on leverage there is the potential for additional profits with the need for less capital in a trade.
Trading forex on margin requires less funds for each individual position, allowing that capital to be further utilized in different types of trades, across all available markets.
Gaining from the market fall
Using leveraged products allows trading on a market that is rising, as well as falling. Traders can open short positions to profit from a market that is declining.
Foreign Exchange leverage trading example
For example, if a trader opens a position in USD/JPY, and it falls 10%, using 5x leverage the same drop becomes a 50% profit. A similar spot trade without leverage would result in only 10% profit.
Disclaimer: Margin trading also comes with inherent risks if the position moves against the trade. You should never utilize 100% leverage and never invest more than you can afford to lose.
Leveraged trade with Cryptopoint72Fx
How to start trading Foreign Exchange?
What is Foreign Exchange?
The foreign exchange market is the market for global currencies, but what is currency trading? Currency trading is among the most popular markets to trade and the most liquid and well established in the world. That’s because it consists of the most prominent national economies across the globe, and the currencies that represent each region, and the forex market dictates the exchange rate for each and every national currency.
Each nation’s fiat currency is impacted by a number of factors, including supply and demand, national debt, political factors, natural disasters, events, and much more. Because so many different things can affect the price of forex currencies, causing them to fluctuate, each makes for a great asset to trade, and because each country is impacted by its own unique factors, each trading pair behaves differently.
The forex currency market trades 24 hours a day, except for weekends.
How Forex trading works?
Forex currency trading works by taking a long or short position depending on which direction the trader expects the market to move. Using Cryptopoint72Fx advanced trading tools and built-in charting software, a trader can plan the perfect entry point or exit via detailed technical analysis, and then put the strategy into practice. Both long and short orders can also be opened simultaneously to take hedge positions and further minimize risk or maximize profit opportunity.
What currencies trade in Forex?
The forex market, short for the foreign exchange market, is the highest volume market in the world, and important enough to set the international exchange rate of all currencies from around the globe.
Each foreign exchange currency is traded by a broker in a trading pair against another forex currency. For example, the United States dollar can be traded in a pair against the Japanese yen. The below guide will briefly outline the benefits of each of the major currency pairs to trade, as well as the benefits of some of the more exotic currency options offered by Cryptopoint72Fx .
Major currency pairs to trade
The four major forex currency pairs available for trading include EUR/USD, GBP/USD, USD/JPY, and USD/CHF. The major pairs are all based on the US dollar, which is the currency of the largest economy in the world, and the major reserve currency across the globe. Most assets and markers are priced in USD, making it a natural fit for many of the highest traded forex currency trading pairs.
Exotic currency pairs to trade
Cryptopoint72Fx also offers more exotic forex currency pairs, including AUD/CAD, EUR/CHF, GBP/JPY, and many more. In total, Cryptopoint72Fx provides traders access to 14 exotic trading pairs in addition to the four major forex currency trading pairs. These more obscure and exotic markets make for a unique trading experience as each currency in the pair reacts to different sets of factors causing price fluctuations.