New to Forex?
FX – also known as forex, foreign exchange, or currency trading – is one of the most popular investment markets in the world thanks to its high liquidity.
Forex trading explained
Forex trading involves the purchase of one currency against the simultaneous sale of another.
Traders try to anticipate market movements, predicting that one currency will rise or fall in value against another, and buying or selling the forex pair – or ‘cross’ – accordingly.
Forex pairs such as euro against US dollar and sterling against US dollar are represented as EUR/USD and GBP/USD respectively.
Buying EUR/USD, for instance, means that you expect the euro to rise in value relative to the US dollar.
We offer over 60 forex crosses, from major pairs such as EUR/USD, GBP/USD, AUD/USD, EUR/GBP and USD/JPY to less commonly traded, more exotic pairs.
find out more
To find out more about what influences one currency against another, see Forex Focus. Produced by IG, it is updated twice daily and gives textual and chart analysis of key forex movers.
You can also see one of our practical forex examples for a better understanding of how to trade forex CFDs.
CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial investment, so please ensure that you fully understand the risks involved.