Most Traded Currency Pairs
FX or Foreign Exchange, is the world’s largest financial market. FX is the exchange of one currency for another. The Forex market is open 24 hours a day, from Sunday through Friday, and nearly £3 trillion worth of currencies are traded each day.
|Symbol||Name||Last Trade Price||Change (%)|
Typical Forex Trading Hours:
- New York forex trading hours are between 13:00 to 22:00 GMT
- London forex trading hours are between 08:00 to 17:00 GMT
- Tokyo forex trading hours are between 00:00 to 09:00 GMT
- Sydney forex trading hours are between 22:00 to 07:00 GMT
Many institutions around the world now trade 24hrs a day and there are also trading hours when two sessions overlap:
- London & New York [12:00 – 16:00] GMT
- Tokyo & London [07:00 – 09:00] GMT
- Sydney & Tokyo [00:00 – 06:00] GMT
Overlapping forex trading hours contain the highest volume of traders. The forex market is more active than the stock market and is traded Over the Counter, meaning that currencies are not listed on any exchange. Though the majority of trade goes through London, New York, and Tokyo there is no one central location where currencies are traded. It is truly a global market. FX is popular with individual traders due to its accessibility and its simplicity relative to other markets. You can trade FX in an online account from almost anywhere in the world. FX traders buy or sell a currency hoping that it will rise or fall against the value of another in order to profit from the difference in price. Forex traders have frequent opportunities to take advantage of price fluctuations due to the high volumes of trade activity and the many buyers and sellers in the market. In FX prices are affected by macroeconomic data such as a decision made by a central bank, which makes speculating on market prices relatively straightforward compared to the equities market. In forex you simply need to evaluate whether one country’s currency will be worth more or less than the currency of another.
Why Trade FX with CS Capital Markets?
The core business of CS Capital Markets is FX. Foreign exchange is the world’s largest, most active financial market. High trade volumes and frequent price movements in the FX market mean big opportunities for traders.
Around the world over £3 trillion worth of forex is traded daily.
We are a global firm led by a management team of industry experts. We can connect you to some of the best prices in the market with our award-winning, low-latency trade execution.
We offer one of the biggest selections of currency pairs in the world.
- Trade over 50 FX pairs
- Low spreads from 0.6* pips
- Leverage of up to 1:∞
- Low trade sizes: trade FX from 0.01 lots on micro accounts
- Fast execution
- Zero Commission† on standard accounts
- Advantaged charting features on our xStation and Capital Market Stock trader platform
Our xStation and Capital Market Stock trader platform advanced charting features were designed specifically for active trading in the FX market.
To start trading FX commission free now open a live account.
*Please note that these spreads are subject to change On the majority of CS Capital Markets accounts.
- We will use the Euro versus the US Dollar, EURUSD, as an example of how to trade FX.
- First determine the standard lot size for EURUSD.
- The standard lot size for EURUSD is 100,000 EUR.
- On standard accounts the minimum trade size is 0.10 lots.
0.10 lots x 100,000 EUR = 10,000 EUR
- In FX a pip is a unit used to measure a movement in price. One pip of EURUSD is 0.0001.
- If you bought EURUSD with a lot size of 0.10 (10,000 EUR) you would have made 1 USD for every pip (0.0001) the price of EURUSD moved up because 10,000 x 0.0001 = 1 USD.
- If you sold EURUSD with a lot size of 0.10 (10,000 EUR) you would have made 1 USD for every pip (0.0001) the price of EURUSD moved down because 10,000 x 0.0001 = 1 USD.
- If you bought 0.1 lots of EURUSD at a price of 1.0800 and the price moved up 50 pips to 1.0850 you would have made a profit of 50 USD because 10.000 x 0.005 = 50 USD.
- If you sold 0.1 lots of EURUSD at a price of 1.1000 and the price moved down 50 pips to 1.0950 you would have made a profit of 50 USD because 10.000 x 0.005 = 50 USD.
Alternatively if the prices in the examples moved in the opposite direction you would have lost the amounts stated.