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Forex trading for beginners and experienced traders
Trade on the largest and most liquid market with Swifty Trade. Open a Forex trading account with us and trade CFDs on more than 68 currency pairs. Take advantage of ultra-fast execution, leverage up to 1:500 and spreads from 0.0 pips.
68 currency pairs, including all major and minor pairs.
Utilize our award-winning Swifty Trading platform
Trade with Swifty AI-assisted trading built into the platform and utilize advanced tools
Efficient and fast withdrawal of funds directly to your bank account within 24 hours
What is forex trading?
Forex trading is the buying or selling of one country’s currency in exchange for another.
Forex is one of the most liquid markets in the world
It has a trading volume of $6 trillion per day
The US dollar is the most widely traded currency in the world
Forex trading works just like any other transaction when you buy one asset with a currency. As for foreign currencies, the market price shows how much of one currency is required to buy another. Each currency has its own code that allows traders to identify it in a currency pair. For example, using a forex calculator for the GPB/USD pair will show how many US dollars it would take to buy one pound.
If you buy a currency, you expect to see the price rise when the base currency strengthens against the quote currency. If you sell a currency pair, you would expect to see the price fall. This will happen when the base currency weakens against the quote currency. For example, you would buy a GBP/AUD currency pair if you believe the pound will strengthen against the Australian dollar and sell if you believe the pound will weaken.
Popular Forex
Traders and investors choose Swifty Trade to:
Study
Learn how to trade CFDs and invest in stock markets with free webinars hosted by trading experts, forex training courses and more.
Trading
Learn how to trade CFDs and invest in stock markets with free webinars hosted by trading experts, forex training courses and more.
Invest
If you prefer the classic way of investing and diversifying with stocks and ETFs, take advantage of modern technology and gain an edge by investing in thousands of instruments.
Communication
You're not just trading, you're getting into a community of professionals. We maintain chats with experts, partners, clients and organize common trips with VIP investors
Expert support around the clock
Regardless of your trading volume, you will receive top-notch professional support.
Integrated digital support
Get access to a self-service customer support center, email customer service, and a wide range of educational courses.
Round-the-clock customer service
Get support for technical questions and account maintenance anytime during market hours.
Account managers and traders
Active traders get a dedicated contact person and access to our global expert traders.
Exclusive VIP services
Get our best prices, priority support and invitations to exclusive events.
Open an account with Swifty Trade and get 20% welcome bonus on your first deposit
Popular Forex trading questions
Forex is open 24 hours a day, 5 days a week, and currencies are traded worldwide among the major financial centers. The market opens on Sunday at 22:00 GMT, and closes on Friday at 22:00 GMT. The specific hours of each center are:
Sydney - 22:00 - 7:00 GMT
Tokyo - 12:00 - 9:00 GMT
London - 8:00 - 17:00 GMT
New York - 13:00 - 22:00 GMT
Sydney - 22:00 - 7:00 GMT
Tokyo - 12:00 - 9:00 GMT
London - 8:00 - 17:00 GMT
New York - 13:00 - 22:00 GMT
There are many factors that can affect or potentially affect prices in the foreign exchange market. These factors include economic and political events and announcements, interest rates, inflation rates and natural disasters, among others. There is no sure way to predict price movements, but some useful tips can be gleaned from the analytical methods implemented and shared by trading analysts.
It depends on how you intend to trade, whether you use leverage and how much capital you plan to risk. You can start by investing $50 or $50,000 - there is no limit to the amount. However, you must remember that increasing leverage also increases your risk level. Ultimately trading comes down to a trader's risk tolerance and risk management. Skilled traders can minimize risk and maximize profits through careful analysis, developing an effective trading strategy and prudent money management.
Forex is traded via a global network of banks in what’s known as an over-the-counter market – unlike stocks and commodities, which are bought and sold on exchanges. Because of this, you can trade forex 24 hours a day during market hours.
FX trading is split across four main ‘hubs’ in London, Tokyo, New York and Sydney. When banks in one of these areas close, those in another open, which is what facilitates round-the-clock trading.
However, there’s no physical location where these banks and individuals trade with each other. Instead, it is entirely online.
FX trading is split across four main ‘hubs’ in London, Tokyo, New York and Sydney. When banks in one of these areas close, those in another open, which is what facilitates round-the-clock trading.
However, there’s no physical location where these banks and individuals trade with each other. Instead, it is entirely online.
People trade currencies for lots of different reasons. You’ve probably traded a currency if you’ve ever bought goods overseas, for example, or gone on a vacation in another country. However, the vast majority of Swifty Trade is done for profit.
Currencies are constantly moving in value against each other. On any given day, the pound might be rising against the dollar, while the euro falls against the Swiss franc. Forex traders buy and sell currency pairs to try and take advantage of this volatility and earn a return.
For instance, if the pound is rising against the dollar, you might buy GBP/USD. When you buy this pair, you’re buying pound sterling (GBP) by selling the US dollar (USD). Then, if the pound continues to outpace the dollar, you can sell the pair to exchange your GBP back for USD and keep the difference as profit.
Currencies are constantly moving in value against each other. On any given day, the pound might be rising against the dollar, while the euro falls against the Swiss franc. Forex traders buy and sell currency pairs to try and take advantage of this volatility and earn a return.
For instance, if the pound is rising against the dollar, you might buy GBP/USD. When you buy this pair, you’re buying pound sterling (GBP) by selling the US dollar (USD). Then, if the pound continues to outpace the dollar, you can sell the pair to exchange your GBP back for USD and keep the difference as profit.
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