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The CFD as a whole, consists of many types of markets, including Spot CFD, Future derivatives, Forward Derivatives, and finally the CFD derivatives market, which is the most popular for retail clients. All CDF trading transactions combined make up the largest and most liquid financial market, with an average daily volume of over $5 trillion.
Foreign exchange trading involves trading one currency pair against another, predicting that one currency will rise or fall against another. Currencies are traded in pairs, like the Euro versus the US Dollar (EUR/USD).
Why trade CFDs
CFDs are contracts used to trade currency pairs. The CDF market is can be highly volatile, so traders choose to trade this asset class using CFDs – as it enables them to speculate on both rising and falling prices.
61+ Actively traded CFD Currency
Bidirectional bidding Rising or Falling
Flexible Schedule: Trade 24/5
Competitively low commissions
Spreads and Swaps as tight as 0 pip
Leveraged Product Greater profit
potential, higher risk of loss
What is CFD trading?
CFD trading is the buying and selling of currencies with the aim of making a profit. Currencies are traded in pairs - the first currency listed in a cfd pair is called the 'base' currency while the second currency is called the 'quote' currency.
The EUR/USD (Euro/US Dollar) is the most traded currency pair in the world. The example below involves buying the Euro and selling the US dollar. In other words, the price represents the amount of US dollars that can be exchanged for one Euro.
EUR/USD = 1.2500
The CFD market is open 24 hours a day, five days a week and traded online with price quotes changing constantly. This is due to a variety of factors such as interest rates, market factors and geopolitical risks that affect supply and demand for currencies.
As the largest and most-traded financial market in the world, foreign exchange offers ample opportunities for those who want to experience the highest volumes and liquidity.
At Hot CFD we offer Derivatives on CFD on a wide variety of currency pairs with exceptional trading conditions such as tight spreads and fast execution. Open a CFD trading account and use our powerful trading platforms and professional tools to trade today’s markets with the advantage of tomorrow’s cutting-edge technology!
How Does CFD Trading Work? CFD trading, also known by the name of currency trading or CFD trading, refers to buying a particular currency while selling another in exchange. Trading currencies always involves exchanging one currency for another.
What is Important in CFD Trading? As a retail foreign exchange trader, the most important factors that affect your trading is trade execution quality, speed and spreads. The one affects the other.
What are Majors in CFD Trading? In CFD trading, some currency pairs are nicknamed majors (major pairs). This category includes the most traded currency pairs and they always include the USD on one side.
What are Minors in CFD Trading? In CFD trading, minor currency pairs or crosses are all currency pairs that do not include the USD on one side.
What are Exotics in CFD Trading? In CFD trading, exotic pairs or exotics refers to currency pairs that include a major currency paired with the currency of a smaller or emerging economy. Exotic pairs tend to be traded less frequently, in comparison to majors. They usually have more volatility and are less liquid.