Forex
Forex trading, otherwise known as currency or FX trading, involves trading currencies and speculating on the currency price fluctuations over a given period of time. Traders buy or sell one currency against another. As a trader, you will gain from the changes in exchange rates between a currency pair. You speculate whether the value of a currency, for example the Euro, will rise or fall in relation to another currency like the US dollar.
Key features of a Forex Trading in YSI
- Pure, Institutional liquidity
- Full STP and Competitive Spreads
- Instantaneous Order Execution
- No swaps, no restrictions
- Spot Fx, Spot Metals, Energy and CFDs
Currency Pairs
You have access to some of the top currency pairs in the forex market.
| Currency Key | Currency Pairings | ||||
|---|---|---|---|---|---|
| AED | United Arab Emirates Dirham | AUD/CAD | EUR/JPY | HKD/JPY | USD/SGD |
| AUD | Australian Dollar | AUD/CHF | EUR/MXN | NOK/DKK | USD/THB |
| CAD | Canadian Dollar | AUD/JPY | EUR/NOK | NOK/JPY | USD/TRY |
| CHF | Swiss Franc | AUD/NOK | EUR/NZD | NOK/SEK | ZAR/JPY |
| CZK | Czech Koruna | AUD/NZD | EUR/PLN | NZD/CAD | USD/ZAR |
| DKK | Danish Krone | AUD/PLN | EUR/RON | NZD/CHF | |
| EUR | Euro | AUD/SGD | EUR/SEK | NZD/JPY | |
| GBP | Pound Sterling | AUD/USD | EUR/SGD | NZD/USD | |
| HKD | Hong Kong Dollar | CAD/CHF | EUR/TRY | SGD/HKD | |
| HUF | Hungarian Forint | CAD/JPY | EUR/USD | SGD/JPY | |
| ILS | New Israeli Shekel | CAD/NOK | EUR/ZAR | TRY/JPY | |
| JPY | Japanese Yen | CAD/PLN | GBP/AUD | USD/CAD | |
| MXN | Mexican New Peso | CHF/HUF | GBP/CAD | USD/CHF | |
| NOK | Norwegian Kroner | CHF/JPY | GBP/CHF | USD/CZK | |
| NZD | New Zealand Dollar | CHF/NOK | GBP/DKK | USD/DKK | |
| PLN | Polish Zloty | CHF/PLN | GBP/HKD | USD/HKD | |
| RON | Romanian Lei | EUR/AUD | GBP/JPY | USD/HUF | |
| SAR | Saudi Arabian Riyal | EUR/CAD | GBP/NOK | USD/ILS | |
| SEK | Swedish Krona | EUR/CHF | GBP/NZD | USD/JPY | |
| SGD | Singapore Dollar | EUR/CZK | GBP/PLN | USD/MXN | |
| THB | Thai Baht | EUR/DKK | GBP/SEK | USD/NOK | |
| TRY | Turkish Lira | EUR/GBP | GBP/SGD | USD/PLN | |
| USD | U.S. Dollar | EUR/HKD | GBP/USD | USD/RON | |
| ZAR | South African Rand | EUR/HUF | GBP/ZAR | USD/SEK | |
The majors and the commodity pairs are the most liquid and most widely traded currency pairs in the forex market.
- Majors: EUR/USD, USD/JPY, GBP/USD, USD/CHF
- Commodity Pairs: AUD/USD, USD/CAD, NZD/USD
Forex Trading Details
There are several details you want to consider before trading forex.
Trading Hours
One of the major benefits of forex is the near consistent trading you can do. You can trade forex 24 hours a day, Monday through Friday, as global markets open and close.
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.
Margin Requirements
Margin is a portion of your account equity set aside as a deposit for your trade. Margin requirements are updated at least once a month to account for price fluctuations. You can keep track of your Used and Usable Margin on your trading platforms.
Trading Platforms
The MetaTrader 4 trading platform is designed for Forex and futures trading and meets the highest security standards.
YSI Fx customers benefit from access to online trading accounts with some of the best trading conditions in the industry. Trade anonymously with low latency and no interference from a dealing desk.
Open a free forex demo account to start practicing forex trading today.
Stop Out Policy: The account equity falls below the maintenance margin level, the MT4 client displays a red alert to remind client. If the account fails to make an additional deposit to maintain the sufficient margin and the account net value depreciates reach the Stop Out level 80%, in order to prevent further loss to your capital the company reserves the right to automatically close open positions at any time without prior notice to the customer.
Risk Warning: Note that the capital value of, and income from, any investment may go down as well as up and you may not get back the full amount invested. Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. Please ensure that you fully understand the risks involved.
Please read about Risk Warning before you start trading.
