Disclaimer: Trading in financial instruments carries various risks, and you can lose more than your capital. This article may contain general advice. You should always seek professional advice when deciding if a product is right for you. Trade from over 10,000 markets with Australia’s leading service for CFD trading and forex. Introductory offer: receive a reduced commission for the first two weeks. Trade CFDs on local and international shares, forex and commodities. Trade US and Australian shares, options, futures and CFDs with no registration fees.
7 on your desktop, tablet or smartphone. Trade Australian and international CFDs on shares, forex, indices, commodities and more. Low brokerage fees on Australian and international shares. 50, regardless of the trade size. Follow other investors and benchmark your portfolio performance. Access over 19,000 Australian and global shares. Trade shares, warrants, options, EFTs, managed funds, bonds and IPOs with CMC Markets today.
What are the platforms I can trade on? What do I need to open an account? What are the risks of trading forex? Forex traders have one main aim: profiting from the change in value of one currency against another. They do this by basing their investment decisions on which way they think forex prices will fluctuate in the future.
For example, if the Australian Dollar is expected to go down in value in relation to the US Dollar, a forex trader would sell their Australian Dollars and buy US Dollars. If the US Dollar then increases in value, the trader then possesses greater purchasing power to buy more Australian dollars than they initially had, resulting in a profit. On the global forex market, all currencies are quoted in pairs – that is, in terms of their value versus another currency. GBP are just a few common currency pairs. Trading foreign exchange is quite simple and there are a range of trading platforms to choose from. To place a trade, all you have to do is select whether you want to buy or sell a particular currency pair and the amount of your transaction. What are the benefits of forex trading?