Forex trading offers some of the best risk/reward opportunities which can be found in any financial market. As a huge electronic market which encompasses countless advantages, the forex market places control in a trader’s hands in a fast, effective and modern way. Grab the opportunity to be a part of this market by trading the many currency pairs offered by Tickmill Europe Ltd (ex Vipro Markets Ltd).
Why Trade Forex
- The global FX market is the largest and most liquid market in the world. The average trade volume reaches $5 trillion a day.
- The FX market is open 24/5.
- Any person, firm or country can participate in the FX market, which includes all world currencies.
- It is just as easy to profit from a falling currency pair as it if from a rising one.
- The use of leverage enables traders to control much larger positions and maximise their profits.
Tickmill Europe Ltd streams prices on CFDs on 62 different currency pairs on the MetaTrader 4 trading platform, which is available on many devices, with the best possible pricing in the industry.
This combined with smart execution speeds makes Tickmill Europe Ltd the broker of choice for day traders, scalpers and those using Expert Advisors (EA).
Below is a list of available currency pairs; if you cannot see all of these pairs in your MetaTrader 4 trading platform, simply right click in the ‘Market Watch’ window and select ‘Show All’.
|AUDUSD||Australian dollar vs. US dollar|
|EURUSD||Euro vs. US dollar|
|GBPUSD||British Pound vs. US dollar|
|NZDUSD||New Zealand Dollar vs. US dollar|
|USDCAD||US dollar vs. Canadian Dollar|
|USDCHF||US dollar vs. Swiss Franc|
|USDJPY||US dollar vs. Japanese Yen|
|AUDCAD||Australian dollar vs. Canadian Dollar|
|AUDCHF||Australian dollar vs. Swiss Franc|
|AUDJPY||Australian dollar vs. Japanese Yen|
|AUDNZD||Australian dollar vs. New Zealand Dollar|
|CADCHF||Canadian Dollar vs. Swiss Franc|
|CADJPY||Canadian Dollar vs. Japanese Yen|
|CHFJPY||Swiss Franc vs. Japanese Yen|
|EURAUD||Euro vs. Australian dollar|
|EURCAD||Euro vs. Canadian Dollar|
|EURCHF||Euro vs. Swiss Franc|
|EURGBP||Euro vs. British Pound|
|EURJPY||Euro vs. Japanese Yen|
|EURNZD||Euro vs. New Zealand Dollar|
|GBPAUD||British Pound vs. Australian dollar|
|GBPCAD||British Pound vs. Canadian Dollar|
|GBPCHF||British Pound vs. Swiss Franc|
|GBPJPY||British Pound vs. Japanese Yen|
|GBPNZD||British Pound vs. New Zealand Dollar|
|NZDCAD||New Zealand Dollar vs. Canadian Dollar|
|NZDCHF||New Zealand Dollar vs. Swiss Franc|
|NZDJPY||New Zealand Dollar vs. Japanese Yen|
|*EURCZK||Euro vs. Czech Koruna|
|*EURDKK||Euro vs. Denmark Krone|
|EURHKD||Euro vs. Hong Kong dollar|
|*EURHUF||Euro vs. Hungarian Forint|
|*EURMXN||Euro vs. Mexican Peso|
|*EURNOK||Euro vs. Norwegian Krone|
|EURPLN||Euro vs. Polish Zloty|
|*EURSEK||Euro vs. Sweden Krona|
|EURSGD||Euro vs. Singapore Dollar|
|EURTRY||Euro vs. Turkish Lira|
|*EURZAR||Euro vs. South Africa Rand|
|*GBPCZK||British Pound vs. Czech Koruna|
|*GBPDKK||British Pound vs. Denmark Krone|
|GBPHKD||British Pound vs. Hong Kong dollar|
|*GBPHUF||British Pound vs. Hungarian Forint|
|*GBPNOK||British Pound vs. Norwegian Krone|
|GBPPLN||British Pound vs. Polish Zloty|
|*GBPSEK||British Pound vs. Sweden Krona|
|GBPTRY||British Pound vs. Turkish Lira|
|*GBPZAR||British Pound vs. South Africa Rand|
|NZDSGD||New Zealand Dollar vs. Singapore Dollar|
|USDCNH||US dollar vs. Yuan|
|*USDCZK||US dollar vs. Czech Koruna|
|*USDDKK||US dollar vs. Denmark Krone|
|USDHKD||US dollar vs. Hong Kong dollar|
|*USDHUF||US dollar vs. Hungarian Forint|
|*USDMXN||US dollar vs. Mexican Peso|
|*USDNOK||US dollar vs. Norwegian Krone|
|USDPLN||US dollar vs. Polish Zloty|
|USDRUB||US dollar vs. Russian Ruble|
|*USDSEK||US dollar vs. Sweden Krona|
|USDSGD||US dollar vs. Singapore Dollar|
|USDTRY||US dollar vs. Turkish Lira|
|*USDZAR||US dollar vs. South Africa Rand|
Forex Trading Example, Selling EUR/USD
Opening the Position
The price of the Euro against the US Dollar (EUR/USD) is 1.13623/1.13624, and you decide to sell 2 standard lots (the equivalent of €200,000) at 1.13623.
The value of your position is €200,000 x 1.13623 = USD $227,246. The leverage on your trading account is 1:30 therefore the margin required to open the position is USD $227,246 / 30 = USD $7,574.87.
Closing the Position
One week later the Euro has fallen against the US Dollar to 1.12128/1.12129, and you decide to take your profit by buying back 2 standard lots at 1.12129.
The gross profit on your trade is calculated as follows:
|Opening Price||€200,000 x 1.13623 = USD $227,246|
|Closing Price||€200,000 x 1.12129 = USD $224,258|
|Gross Profit on Trade||USD $2,988|
It is important to note that whist your position remains open, each night your account will be debited or credited the swap rate. The swap is expressed in pips and is the difference between the interest paid to borrow the currency that is being sold and the interest received from holding the currency that is bought.
In order to calculate the net profit on this trade you will need to include any swap charges and you may also need to include any commission charges if they are payable. You should always be aware that if the market had moved in the opposite direction, you would have lost your entire invested capital.