Often referred to as ‘FX’ or ‘Forex’ it is considered to be the most liquid market in the world.
The Forex market is the platform for trading global currencies. With a daily turnover measured in trillions of US dollars, the Forex market beats the combined turnover of global stock and bond markets.
At CMS Prime, we provide to all clients the best offered market rates to enhance their trading performance through reliable and fully transparent trading conditions; including tight spreads, leverage up to 1:500 and low latencies.
With CMSPrime you can trade up to 50 forex pairs on MetaTrader 4 and increase your trading strategy with a click of a button.
Investors are drawn to Forex trading due to the huge trading volumes and the liquidity provided;representing the largest asset class in the world.
The amount deposited with CMS Prime at the time of opening a trading account is known as the initial deposit and acts as the margin available to your trading account. The margin amount facilitates the level of gearing or ‘leverage’ allowed for trading.
CMS Prime reserves the right to liquidate the positions taken by you if the initial deposit and variation margin fails to cover the losses incurred.
To learn more about Margin & Leverage click here
A Pip is the smallest increment of movement for a currency.
One pip in EUR/USD pair is a move of 0.0001 or 1/100th of a cent.
One pip in USD/JPY pair is a move of 0.01 or 1/10th of a cent.
For example if the value of GBP/EUR increases by a pip, the quoted rate will change from 1.2478 to 1.2479. The number of pips a currency pair moves determines the profit or loss for a trade.
A Forex lot is used to calculate the value of a deal. Each deal is valued at a certain number of lots, which is the standard unit size of the transaction.
One standard lot is typically equal to 100,000 units of the base currency and a mini lot is 10,000 units, whilst a micro lot is 1000 units. With CMS Prime, traders can choose the following lot sizes while trading currency:
Standard lot size = 100,000 units - USD 10 for every pip move - leverage of 100 to 1
Mini-lot size = 10,000 units - USD 1 for every pip move
Micro-lot size = 1,000 units - USD 0.10 for every pip move
Get access to various major and exotic currency pairs
Trade all the major highly liquid currency pairs
Benefit from access to a pool of liquidity providers
Geographical distribution of markets
Continuous operation (*Sunday 22:00 - Friday 22:00 GMT)
Huge number of market participants including banks, commercial companies, investment management firms, Forex brokers, hedge fund speculators and even individual traders.