Operating 24 hours a day for 5 days a week, the foreign exchange market is the largest and most liquid market globally, with daily volumes exceeding $4 trillion, outstripping any exchange-based market.
Foreign exchange trading entails trading one currency pair against another, forecasting the rise or fall of one currency against the other. Currencies are traded in pairs, such as the Euro versus the US Dollar (EUR/USD).

Forex Spreads

Corex Market provides Forex traders with some of the most competitive spreads among all Forex exchange brokers worldwide, with our EUR/USD spread averaging at 0.1 pips. The combination of these tight spreads and our low latency enterprise-grade hardware makes Corex Market the go-to choice for active day traders and users of Expert Advisors. A table at the end of this page displays our minimum and average spreads across all major currency pairs.

How does Forex Trading work?

Forex trading parallels trading in shares or futures, but with a critical difference: when trading Forex, you’re buying or selling one currency against another, and you don’t take delivery of the underlying currency. One of Forex’s significant advantages over other financial instruments is the capacity to trade relatively small lot sizes – lot sizes can be as minuscule as 1000 units (one micro lot). Typically, Forex trading also involves leverage, which in certain scenarios can be as substantial as 1:500. This is quite distinct from share trading where no leverage is involved.
Forex Trading Examples

Forex Trading Examples

Opening Price
€200,000 x 1.33623 = USD $267,246
Closing Price
€200,000 x 1.32129 = USD $264,258
Gross Profit on Trade
$2988

Opening the Position
The price of the Euro against the US Dollar (EUR/USD) is 1.33623/1.33624 and you decide to sell 2 standard lots (the equivalent of €200,000) at 1.33623.

Closing the Position
One week later the Euro has fallen against the US Dollar to 1.32128/1.32129 and you decide to take your profit by buying back 2 standard lots at 1.32129

Spreads