Explore a World of Currency Exchange with NeolinFX
What is Forex?
Forex, or foreign exchange, is the global market for trading currencies. It’s the largest and most liquid financial market in the world, with a daily trading volume exceeding $6 trillion. Forex trading involves buying one currency while simultaneously selling another, with the aim of profiting from changes in exchange rates. Traders engage in this activity for various reasons, including speculation, hedging, and diversifying investment portfolios.
Overview of Forex Trading
Forex trading is conducted over-the-counter (OTC), meaning there is no centralized exchange. Instead, trading takes place electronically over-the-counter via computer networks among traders around the world. The forex market operates 24 hours a day, five days a week, allowing for continuous trading and liquidity. Major trading centers include London, New York, Tokyo, and Sydney, ensuring a constant flow of trading activity.
Unveiling the Attraction of Forex Trading
At NeolinFX, you can participate in the forex market through Contracts for Difference (CFDs). A CFD allows you to speculate on price movements without physically owning the underlying asset (the currencies). This means you can profit if the exchange rate moves in your favor, even if you don't own the actual currency pair.
Steps to Trade Forex CFDs with NeolinFx
01
Choose Your Currency Pair (e.g., EUR/USD, GBP/JPY).
02
Determine your position whether you want to buy (go long) or sell (go short).
03
Set Your Trade Size.
04
Manage Your Risk by use of stop-loss and take-profit orders.
05
Execute Your Trade.
Forex Trading Conditions and Specifications
Forex trading conditions and specifications across different account types
| Symbol | Description | Typical Min. Spread | Typical Max. Spread | Leverage Level | Contract Lot Size | Min. Trade Volume, Lots | Max. Trade Volume, Lots | Commission | Limits & Stop Level |
|---|---|---|---|---|---|---|---|---|---|
| AUDCAD | Australian Dollar/Canadian Dollar | 1.2 | 2.2 | 1:400 | 100,000CAD | 0.01 | 10 | 0 | 20 |
| AUD/CHF | Australian Dollar/Swiss Franc | 1.1 | 2.3 | 1:400 | 100,000CHF | 0.01 | 10 | 0 | 20 |
| AUDJPY | Australian Dollar/Japanese Yen | 1.1 | 2.0 | 1:400 | 100,000JPY | 0.01 | 10 | 0 | 20 |
| AUDNZD | Australian Dollar/New Zealand Dollar | 0.7 | 2.1 | 1:400 | 100,000NZD | 0.01 | 10 | 0 | 20 |
| AUDUSD | Australian Dollar/US Dollar | 0.8 | 1.9 | 1:400 | 100,000AUD | 0.01 | 10 | 0 | 20 |
| CADCHF | Canadian Dollar/Swiss Franc | 1.8 | 2.1 | 1:400 | 100,000CAD | 0.01 | 10 | 0 | 20 |
| CADJPY | Canadian Dollar/Japanese Yen | 1.7 | 2.2 | 1:400 | 100,000CAD | 0.01 | 10 | 0 | 20 |
| CHFJPY | Swiss Franc/Japanese Yen | 2.0 | 2.7 | 1:400 | 100,000CHF | 0.01 | 10 | 0 | 20 |
| EURAUD | Euro/Australian Dollar | 1.9 | 2.5 | 1:400 | 100,000EUR | 0.01 | 10 | 0 | 20 |
| EURCAD | Euro/Canadian Dollar | 1.9 | 2.4 | 1:400 | 100,000EUR | 0.01 | 10 | 0 | 20 |
| EURCHF | Euro/Swiss Franc | 1.8 | 2.3 | 1:400 | 100,000EUR | 0.01 | 10 | 0 | 20 |
| EURGBP | Euro/Great British Pound | 0.8 | 1.7 | 1:400 | 100,000EUR | 0.01 | 10 | 0 | 20 |
| EURJPY | Euro/Japanese Yen | 1.4 | 2.0 | 1:400 | 100,000EUR | 0.01 | 10 | 0 | 20 |
| EURNOK | Euro/Norway Kroner | 360 | 415 | 1:400 | 100,000EUR | 0.01 | 10 | 0 | 20 |
| EURNZD | Euro/New Zealand Dollar | 2.7 | 3.4 | 1:400 | 100,000EUR | 0.01 | 10 | 0 | 20 |
| EURPLN | Euro/Polish Zloty | 100 | 135 | 1:400 | 100,000EUR | 0.01 | 10 | 0 | 20 |
| EURSEK | Euro/Swedish Kronor | 475 | 435 | 1:400 | 100,000EUR | 0.01 | 10 | 0 | 20 |
| EURTRY | Euro/Turkish Lira | 1100 | 1207 | 1:400 | 100,000EUR | 0.01 | 10 | 0 | 20 |
| EURUSD | Euro/US Dollar | 0.8 | 1.7 | 1:400 | 100,000EUR | 0.01 | 10 | 0 | 20 |
| GBPAUD | Great British Pound/Australian Dollar | 2.4 | 3.6 | 1:400 | 100,000GBP | 0.01 | 10 | 0 | 20 |
| GBPCAD | Great British Pound/Canadian Dollar | 1.9 | 2.6 | 1:400 | 100,000GBP | 0.01 | 10 | 0 | 20 |
| GBPCHF | Great British Pound/Swiss Franc | 2.2 | 3.6 | 1:400 | 100,000GBP | 0.01 | 10 | 0 | 20 |
| GBPJPY | Great British Pound/Japanese Yen | 1.8 | 2.7 | 1:400 | 100,000GBP | 0.01 | 10 | 0 | 20 |
| GBPNZD | Great British Pound/New Zealand Dollar | 2.6 | 3.1 | 1:400 | 100,000GBP | 0.01 | 10 | 0 | 20 |
| GBPUSD | Great British Pound/US Dollar | 1.2 | 2.0 | 1:400 | 100,000GBP | 0.01 | 10 | 0 | 20 |
| NZDCAD | New Zealand Dollar/Canadian Dollar | 1.9 | 2.2 | 1:400 | 100,000NZD | 0.01 | 10 | 0 | 20 |
| NZDCHF | New Zealand Dollar/Swiss Franc | 1.8 | 2.1 | 1:400 | 100,000NZD | 0.01 | 10 | 0 | 20 |
| NZDJPY | New Zealand Dollar/Japanese Yen | 1.4 | 1.9 | 1:400 | 100,000NZD | 0.01 | 10 | 0 | 20 |
| NZDUSD | New Zealand Dollar/US Dollar | 1.3 | 1.9 | 1:400 | 100,000NZD | 0.01 | 10 | 0 | 20 |
| USDCAD | US Dollar/Canadian Dollar | 1.8 | 2.3 | 1:400 | 100,000USD | 0.01 | 10 | 0 | 20 |
| USDCHF | US Dollar/Swiss Franc | 1.7 | 2.1 | 1:400 | 100,000USD | 0.01 | 10 | 0 | 20 |
| USDCNH | US Dollar/Czech Koruny | 3.7 | 4.2 | 1:400 | 100,000USD | 0.01 | 10 | 0 | 20 |
| USDHKD | US Dollar/Hong Kong Dollar | 3.9 | 4.6 | 1:400 | 100,000USD | 0.01 | 10 | 0 | 20 |
| USDJPY | US Dollar/Japanese Yen | 0.9 | 1.7 | 1:400 | 100,000USD | 0.01 | 10 | 0 | 20 |
| USDMXN | US Dollar/Mexican Peso | 1.1 | 1.9 | 1:400 | 100,000USD | 0.01 | 10 | 0 | 20 |
| USDNOK | US Dollar/Norway Kroner | 365 | 395 | 1:400 | 100,000USD | 0.01 | 10 | 0 | 20 |
| USDPLN | US Dollar/Polish Zloty | 95 | 115 | 1:400 | 100,000USD | 0.01 | 10 | 0 | 20 |
| USDSEK | US Dollar/Swedish Kroner | 185 | 205 | 1:400 | 100,000USD | 0.01 | 10 | 0 | 20 |
| USDSGD | US Dollar/Singapore Dollar | 2.5 | 3.5 | 1:400 | 100,000USD | 0.01 | 10 | 0 | 20 |
| USDTRY | US Dollar/Turkish Lira | 565 | 600 | 1:400 | 100,000USD | 0.01 | 10 | 0 | 20 |
| USDZAR | US Dollar/South African Rand | 1.7 | 2.1 | 1:400 | 100,000USD | 0.01 | 10 | 0 | 20 |
What are the Benefits of Trading Forex?
Some of the benefits of Trading Forex
Forex market operates 24/5, providing opportunities for traders around the globe
Forex is the most liquid market globally
Diverse your Trading Options with major, minors and exotic currency pairs
Leverage Opportunities up to 500:1 increasing potential returns
What are the Advantages of Trading Forex CFDs with NeolinFx?
Some of the advantages og trading Forex CFDs with NeolinFx is listed below
Choose from advanced trading platforms MetaTrader 5 (MT5) and WebTrader.
Benefit from tight spreads from 0.8 and up to zero trading costs.
Enhance your trading knowledge with our extensive range of educational materials.
Faster trading execution under 25ms on all the platform terminals.
Receive 24/5 support from our dedicated team of experts, ready to assist you with any queries or concerns.
Secure and reliable trading environment with transactions are conducted in a secure environment.
Choose a Suitable Trading Platform
With MetaTrader 5 and WebTrader, NeolinFx equips you with the essential tools to achieve your trading goals. Regular updates and maintenance provide a stable and reliable trading environment you can trade with confidence and convenience.
MT5
Offers a wide range of technical analysis tools, including over 80 built-in indicators. Supports multiple order types allowing for efficient trading strategies, includes a built-in strategy tester for back testing EAs to optimize trading performance.
WebTrader
Accessible directly from any web browser, eliminating the need for software downloads and installations. Compatible with various operating systems, including Windows, MacOS, and Linux
Frequently Asked Questions
Centralized Information and Answers to Assist You with All Your Inquiries