Our trading platform tells you in real-time how much profit or loss you are making. You can also profit from a falling currency. Your position will stay open as long as you want it to, providing you have enough money in your account to cover the deposit. Foreign exchange forex or FX trading involves trading the prices of global currencies, and at City Index it is possible to trade on the prices of a huge range of global currencies.
Currency markets are open 24 hours a day. There is no central exchange for trading Forex: The currency market is much bigger than share markets. Currencies are traded in pairs — this means you can only trade one currency against another. This shows how many units of the currency on the right, in this case the Yen, you can buy with the currency on the left, namely the US Dollar.
If traders are positive on the prospects for the Yen, they would expect the number on the right to go down — i. Traders would be buying less Yen with a Dollar as the Yen got stronger. Similarly, if the Yen was expected to weaken, forex traders would expect the Yen number to go up, reflecting the fact that the dollar could buy more yen. Currency markets never decline in absolute terms — for one currency to go up, there will be others weakening against it.
All currencies cannot go up at the same time. There is always going to be a loser. Currency markets are important to a broad range of participants, from banks, brokers, hedge funds and investor traders who trade FX.
Any company that operates or has customers overseas will need to trade currency. Central banks can also be active in currency markets, as they seek to keep the currency they are responsible for trading within a specific range.
All trading involves risk and losses can exceed deposits. Tight spreads from 0. Create Account Demo Account. Major Forex Market Information. Forex Spread Betting Markets. Enjoy tight spreads from 0. Tight spreads From 0. Major, minor and exotics Offered as spot FX, forwards and options contracts.
Award-winning platform Our powerful technology is designed to suit you, whatever your level of trading expertise. Actionable trade ideas Our research portal highlights trade ideas using fundamental and technical analysis.
Trade anytime, anywhere Follow the markets on native apps built specifically for your smartphone and tablet. Open a live account in minutes. Indices 21 global Indices. Bitcoin Go Long or Short. Forex 84 FX pairs. How to trade Forex City Index offers three ways to trade Forex. We recommend our spot Forex account only if you wish to trade on MT4 trading platform. Test drive a trading account Trade Forex risk-free with a demo account.
With fast, reliable execution and tight spreads here's why our clients choose City Index. Risk management tools to help protect your positions. Trade on multiple platforms and devices. Fast, easy payments and secure withdrawals. Trading opportunities Forex can be volatile and is the world's most heavily traded market. Macro economics Prices are driven by central banks, interest rates and geopolitical events.
Tight spreads High liquidity means you can trade Major FX pairs from 0. Short the markets Trade on falling markets going short as well as rising markets. Trade anytime, anywhere Trade on desktop, close on mobile, our accounts work on multiple devices.
Spread Betting with City Index. How to trade Forex Currencies always trade in pairs —one against the other. How To Trade Forex. Learn how to trade Forex What is Spread Betting? How to analyse markets How to identify trading opportunities using City Index's research tools Research tools. Managing risk Learn techniques to improve your trading and manage risk effectively Risk management. Start trading Forex risk-free with a City Index demo account. You might also be interested in Trading platforms Take control of your trading with powerful platforms and tools Platforms.
Economic calendar View upcoming trading opportunities for the weeks ahead Economic calendar. City Index offers tight spreads on major FX pairs. Forex trading explained Foreign exchange forex or FX trading involves trading the prices of global currencies, and at City Index it is possible to trade on the prices of a huge range of global currencies.
Currency pairs Currencies are traded in pairs — this means you can only trade one currency against another. Most currency trading features one of the following as part of a pair: Who trades currency markets? What moves currency markets? Central banks These can have a big influence over the performance of currencies, for example by changing interest rates or printing more money. Central banks can also buy and sell their own currency in order to keep it trading within a certain level.
Political factors Increasingly, political uncertainty can drive currency markets. For example, the Swiss Franc has traditionally been seen as a safe haven currency. Something as banal as a speech by a finance minister can have a big impact on a currency. Trading FX with City Index When trading with City Index, you are not buying or selling actual currency — rather you are speculating on the price movement between FX pairs.
City Index offers prices on all the major currency pairs as well as many minor currencies. Spreads start from 0.More...