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The foreign exchange market, also known as the Forex Market, is a global marketplace for exchange-traded currencies. Forex trading is the simultaneous act of buying one currency while selling another. The Forex markets are open 24 hours a day, 5 days a week and trade over $7 Trillion per day.
Forex trading is similar to trading shares or futures except that when trading Forex you are buying or selling one currency against another.
The Forex Markets are open 24 hours a day 5 days a week, and is the largest and most volatile market in the world with over $6 Trillion traded per day.
- Cheapest Commissions Available to all traders
- Over 50 currency pairs
- Up to 500:1 Leverage
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AUD $100,000 @ 0.67822 AUDUSD
AUD $100,000 @ 0.72093 AUDUSD
Gross Profit for this Trade
Opening the Position
The price of the Australian Dollar against the US Dollar is (AUDUSD) 0.67822 and you buy 1 standard lot (AUD $100,000)
Closing the Position
As the price of the Australian Dollar falls to 0.72093 you close your trade by buying back 1 standard lot with a gross profit of $4,271