Forex Trading

Trade the world’s largest market with the most popular FX pairs.

What is Forex?

Forex (FX, Currency Exchange, Foreign Currency) is by far the most highly traded and liquid market in the world with daily transaction volumes well above USD 4 Trillion. Characterized as an OTC market (Over The Counter) there is no centrally regulated exchange, and the marketplace is made up of various groups including Retail and Institutional Investors, Broker, Liquidity Providers, Banks and Hedge Funds.

How to trade Forex

The basic trade consists of the relative movement of the exchange rate between two currencies. Trades are taken in pairs, for example, the EURUSD (Euro vs. United States Dollar). Price quotes are displayed as the exchange rate for these two currencies.
For example, you might see a price displayed as:
EURUSD – 1.05000. It indicates that 1 EUR is worth 1.05000 USD. TradeGM is a 5-digit broker, so all prices are quoted to the 5th digit, allowing for fractional pricing and tighter spreads.
In our EURUSD example, the first currency (EUR) in the pair is known as the Base Currency. The second currency in the pair (USD) is known as the Quote Currency.

Forex Lots

Forex trades are opened and closed on what are referred to as Lots, with a Standard Lot being equal to 100,000 units of the base currency. In our EURUSD example, a Standard Lot would involve €100,000 equal to $118,000 (at the example exchange rate).
Not all traders want to, or are able to trade Standard Lots, so smaller trade volumes are available:
Standard Lot = 100,000 units of the base currency
Mini Lot = 10,000 units of the base currency
Micro Lot = 1,000 units of the base currency

How To Trade

A forex trade involves two legs, usually referred to as a Round Trip. We buy (or sell) a currency pair then sell (or buy) the same currency pair in the hope of making a profit on the rise (or fall) in the exchange rate.
Let’s look at this with our EURUSD example.
Believing the value of the EUR will rise relative to the USD, we open a Buy position for one Lot of EURUSD.
At the 1.18000 rate, we spend USD 118,000 to buy EUR 100,000.
The value of our Euros increases relative to the Dollar and the rate moves to 1.20000. Our EUR 100,000 are now worth USD 120,000.
Closing the position out (completing the round trip) would leave us with a profit on the trade of $2,000.
Trades can go in the other direction as well. If we believe the value of the EUR will fall relative to the USD we would open a Sell trade for the pair, hoping to make a profit on the fall in the rate.
TradeGM offers Forex trading on the award-winning MetaTrader 4 platform, available in desktop, mobile and browser-based versions.

TradeGM offers Forex trading on MetaTrader 4 trading platform, bringing advanced trading features to your Forex trades.

The clients of eBrókerház Befektetési Szolgáltató Zrt. open orders through the Trade GM Trader Online Trading Platform, the orders will be forwarded to execution to AAA Trade Ltd. (seats: 205 Arch. Makarios Ill Avenue, Victory House, Block B, 1st Floor, 3030, Limassol, Cyprus). EBrókerház Befektetési Szolgáltató Zrt. (H-1072 Budapest, Rákóczi út 42.) authorized and regulated by Hungarian National Bank under the licence numbers III/73.059/2000. and III/73.059-4/2002.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78,74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The materials contained on this page are for advertising and marketing purposes only and should not in any way be construed, either explicitly or implicitly, directly or indirectly. as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument, in any manner whatsoever. You should make sure that you have sufficient time to manage your investments on an active basis. CDF are derivative financial instruments, which price is derived from the price of the underlying asset or contract to which the CFD refers (for example currencies, commodities, indices, equity, etc.). Derivative financial instruments and related markets can be highly volatile. The prices of CFDs and underlying instrument may fluctuate rapidly over wide ranges and may reflect unforeseeable events or changes in conditions, none of which can be controlled by the client or eBrókerház Befektetési Szolgáltató Zrt. Prices quoted or information may vary and change depending on market conditions. When investing in Company’s Products denominated in a currency other than that of the state in which you reside, the return may increase or decrease as a result of currency fluctuations. Any indication of past performance or simulated past performance included in an advertisement is not a reliable indicator of future results. All names, pictures and personal details of people depicted as traders in advertisements concerning past performance are included for presentation purposes only, and are not the actual traders who have made the transaction detailed in the advertisement (actual details are kept for privacy purposes). All opinions expressed by traders are not actual testimonials but rather are depictive of the actual past performance and trading experience. Any trades depicted are selected from past real successful trades and are not reliable indicator of all customers past or future trades.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78,74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.