Forex and CFDs

Advantages of trading FX and CFDs

Trade on one of the world’s most liquid and transparent market. The FX market
has constant movement with trades between buyers and sellers within seconds
without re-quotes. Experience high execution, flexible leverage and innovative
trading infrastructure while choosing from multiple currency pairs.

Trade 24/5

Trade or hedge over 70+ currency pairs and 50+ CFDs 24 hours a day, 5 days a week.

40 exchanges worldwide

Trading highs and lows is an inherent part of trading FX. Your profit or loss will depend on the extent to which you get your prediction right, this makes it possible to profit whichever way the market moves.

Hedge or speculate

Utilize CFDs to hedge positions in other asset classes and speculate on price movements.

Lower costs & Comission free

No clearing fees, no exchange fees, no government fees, and no brokerage fees. The Forex market provides an environment with low transaction costs compared to other markets.

High liquidity and volume

Being the most liquid market in the world, with a huge number of buyers and sellers trading at any given time. Over $5 trillion dollars of currency is converted daily.

Competitive spreads

With superior technology, the low spreads have made this a market available to almost everyone.

Trading FX and CFDs with us!

Access Direct offers a big range of currency pairs. Trade majors, crosses and exotic pairs with competitive spreads and no commission. Click here for our advantageous contracting details.

What is FX Trading?

Forex trading (FX) refers to trading in one currency against another to make a profit.


What is CFDs Trading?

CFD trading is a form of derivatives trading – meaning you trade on prices derived from the underlying market, not on the underlying market itself. When you buy or sell a CFD you are agreeing to exchange the difference in price of an asset from the point at which your position is opened to when it is closed.

Currency pairs

Currencies are traded in currency pairs, you can trade in 3 different types of pairs.

Majors

The most traded pairs in the world. These make up the largest share of the FX market.

Crosses

Consists of two popular currencies, but do not include the US dollar. The most common crosses include the Euro, Yen and the British Pound.

Exotic

Consist of one major currency and one currency representing the developing or small economies.

What is exchange rate

For a currency pair, the exchange rate is the amount of the specified currency that you can buy for 1 unit of the base currency. For example, when looking at the exchange rate for EURGBP, you want to find out how many GB Pound (the specified currency) you can buy for 1 euro (the base currency). If the exchange rate of the EURGBP currency pair is 0.972, it means that for every 1 euro you can buy 0.972 pounds.

Changes in the exchange rate

Depending on if the specified currency or the base currency is strengthened against the other the exchange rate will change. If the exchange rate goes down, it means that the specified currency is strengthened compared to the base currency.

If the exchange rate rises, it means that the base currency is strengthened compared to the specified currency.

What is affecting the FX market

There are many factors that will affect the exchange rates in the FX Market, such as political and economic stability together with economic policies in different countries. But what mainly affects the exchange rate is speculations, this since currency transactions are immediate.

If traders speculate that a currency will strengthen or weaken due to a specific reason or event, they will trade and change the price of the market, as supply and demand for the currency will change within the market. The more people who think that a certain trend will happen, the greater the effect it will have on market prices.

What do I do when trading on the FX market?

When trading on the FX market, you trade a currency pair, ie. you sell or buy one currency against another. For example, if you speculate that the Euro (EUR) will strengthen against the US dollar, you should buy the currency pair EURUSD. If you instead speculate that the US dollar will be the stronger one, you sell the currency pair.

In FX trading you can trade long or short, which means that you can always take a position in the direction you assume the market is moving. This increases your trading opportunities.