This offers great opportunities for traders to make profits in the forex markets. Of course, volatility can be a double-edged sword, and losses can accumulate just as quickly.
Ability to go long and short
Ability to go long and short
- Unlike traditional equity markets, forex trading allows you to trade and profit on any price movement up or down.
- As a forex trader, you can go long (buy) on a currency pair when you expect the first currency will strengthen (appreciate) against the second currency and your profits will rise in line with any increase as the exchange rate goes up.
- You can also go short (sell) on the currency pair when you expect the first currency will weaken (depreciate) against the second currency and your profits will rise in line with any fall in the exchange rate.
Range of Markets
At City Index, you can trade 37 currency pairs including majors, minors and exotic pairs. See our range of forex markets and spreads. This means that you can gain instant exposure to currencies such as the Kiwi or Nokki as much as Dollar or Euro.
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