Trade Forex CFDs

Trade the most popular forex pairs with Royal Broker

Trade the most popular forex pairs

Use Royal Broker advanced trading tools to protect your profits and limit losses.

Trade the most popular forex pairs like EUR/USD, GBP/USD and EUR/GBP

Trade on Forex Pairs with Leverage

Trade forex with up to 1:300 leverage. With as little as $100 you can gain the effect of $30,000 capital!

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Use our trading tools such as Stop Loss, Stop Limit and Guaranteed Stop to limit losses and lock in profits. Get FREE real-time forex quotes and set indicators to easily analyse charts.

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Apply for an account in a few minutes, practice trading with our FREE unlimited Demo Account until you’re ready to move to the next level.

Trade the world’s largest, most popular market

Foreign Exchange trading, also known as Forex or FX trading, has gained enormous popularity in recent years among layman individuals due to the growth of online brokers and the technological development of online trading platforms. With high liquidity, non-stop opening hours 5 days a week, and great opportunities, it is no wonder that the forex market is the world’s most traded market with a daily trading volume of $5 trillion USD.

Forex explained

he aim of forex trading is simple. Just like any other form of speculation, you want to buy a currency at one price and sell it at higher price (or sell a currency at one price and buy it at a lower price) in order to make a profit.

Some confusion can arise as the price of one currency is always, of course, determined in another currency. For instance, the price of one British pound could be measured as, say, two US dollars, if the exchange rate between GBP and USD is 2 exactly.

In forex trading terms this value for the British pound would be represented as a price of 2.0000 for the forex pair GBP/USD. Currencies are grouped into pairs to show the exchange rate between the two currencies; in other words, the price of the first currency in the second currency.

Some commonly traded forex pairs (known as ‘major’ pairs) are EUR/USD, USD/JPY and EUR/GBP, but it is also possible to trade many minor currencies (also known as ‘exotics’) such as the Mexican peso (MXN), the Polish zloty (PLN) or the Norwegian krone (NOK). As these currencies are not so frequently traded the market is less liquid and so the trading spread may be wider.

Why Trade Forex?

Forex is the world’s largest market, trading around $5 trillion every day. This exceptional liquidity ensures reliable pricing even at high volumes and enables the tightest possible dealing spreads. When you trade forex your trading costs are comparatively low, and you can easily go long or short of any currency.

In effect you are always going long of one currency and short of another, as you are exchanging the value of one currency for the other. This gives you the ability to make a profit from either the relative strength or the weakness of any given currency.

As forex is traded on exchanges across the globe, from Tokyo to London to New York, we can take a position 24 hours a day throughout the trading week. Currency values are extremely sensitive to macroeconomic forces, so there are always trading opportunities.

What is Forex and how does Forex trading work?

Forex trading (also commonly known as Foreign Exchange, currency or FX trading) is a global market for trading one country’s currency in exchange for another country’s currency. It serves as the backbone of international trade and investment: imports and exports of goods and services; financial transactions by governments, economic institutions or individuals; global tourism and travel – all these require the use of capital in the form of swapping one currency for a certain amount of another currency.

What economic factors may affect Forex rates?

Forex rates are impacted by an array of political and economic factors relating to the difference in value of a currency or economic region in comparison to another country’s currency, such as the US dollar (USD) versus the Offshore Chinese yuan (CNH) – these are the currencies of the two largest economies in the world.

What economic factors may affect Forex rates?

Forex rates are impacted by an array of political and economic factors relating to the difference in value of a currency or economic region in comparison to another country’s currency, such as the US dollar (USD) versus the Offshore Chinese yuan (CNH) – these are the currencies of the two largest economies in the world.

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