FX Trade | FX Trading | Currency Trading

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FX – also known as forex, foreign exchange, or currency trading – involves the purchase of one currency against the simultaneous sale of another.

FX trading is one of the most popular investment markets in the world thanks to its high level of liquidity. Forex traders attempt to anticipate market movements by predicting that one currency will either rise or fall in value against another currency. For example, buying a EUR/USD means you expect the euro to rise in value relative to the US dollar.

Forex Pairs

Major forex pairs include EUR/USD, GBP/USD, AUD/USD, EUR/GBP and USD/JPY.
IG Markets offers over 60 forex pairs, from the most popular currencies to the more exotic pairings.

Spot or Forward Forex?

Once you have chosen your forex trade, there are two types of exchange-traded forex markets, known as Spot and Forward. Spot FX trades are intended for short-term trading, while Forward FX trades allow you to take a longer-term view. 

To find out more about what influences one currency against another, see Forex Focus. Produced by IG Markets, it is updated twice daily and gives textual and chart analysis of key forex movers.

As an introduction to FX trading you might also like to consider our free online forex seminar, which discusses the key areas of the foreign exchange market.

With transparent trading costs, share CFDs available at the guaranteed market price, one of the lowest financing rates around, and segregated client funds, IG Markets is Singapore's number one CFD provider for customer satisfaction. IG Markets offers forex trading and CFDs on all the leading Asian and international shares in local denominations, as well as a range of stock indices, including the Singapore Blue Chip. Exclusive to IG Markets is our selection of SGD-Denominated CFDs, which eliminate currency exposure when trading foreign stock indices. We also offer a range of research and analysis resources to keep you up-to-date with the latest market news.

Remember that CFDs are a leveraged product and can result in losses that exceed your initial deposit. Trading CFDs may not be suitable for everyone, so please ensure that you fully understand the risks involved.

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