Forex trading, or "Foreign Exchange Market" trading, is about swapping different countries'money. This happens online, anytime and anywhere in the world, since the Forex marketopened in 1971.
Gain an edge in your trades by benefiting from spreads as low as 0.0 pips.
Follow professional traders and mirror their trades through Opo Social Trading Platform.
We provide exclusive tools to clients, helping them utilize market opportunities.
Opofinance is a regulated broker and dedicated to safeguarding your funds.
In Forex trading, you buy one type of money and sell another type at the same time. You aimto make money when the value of these types of money changes. These changes happendue to supply and demand, which also decides the price of one money type compared toanother.
To start Forex trading, you need to choose a broker and open a trading account. Brokershelp connect traders with the market. They provide a platform for trading, data about themarket, different options for borrowing money, and tools for analysis. While brokers mightuse different software, most of them use MetaTrader.
Brokers in Forex trading can be of different types: Market Makers (MM), No Dealing Desk(NDD), Straight Through Processing (STP), and Electronic Communications Network (ECN).Each type has its unique qualities and works for different kinds of traders. For instance, MMsdecide the buying and selling prices based on the market spread, while NDDs connecttraders straight to the global supply and demand system.
Great Britain Pound / US Dollar
Great Britain Pound / Canadian Dollar
Euro / US Dollar
US Dollar / Canadian Dollar
US Dollar / Japanese Yen
The forex market represents a trading volume of $4 trillion per day, which makes it easier for you to get in and out of the trades at any time.
The flexibility caused by giving various options for every budget and the possibility of trading hundreds of currency pairs is great.
You can keep trading five days a week and 24 hours a day as the forex market is always on the go and never even takes a minute to rest.
Buy a currency pair if you think it is going to increase in value, and sell it if you think it is going to decrease.
After you've set up an account with a broker, you put the money you want to trade into youraccount. The broker gives you a username and password to access the trading software orplatform. With these details, you can place orders to buy or sell, complete trades, and doother activities related to trading.
In recent years, Forex trading has expanded to include not just traditional money pairs butalso precious metals, digital money, stocks, oil, and other types of investment. Thisexpansion, helped by advancements in technology, lets traders mix up their investments andmanage risk.
CFD is the short form for Contract For Difference, and it is an agreement which enables traders to speculate on the price of a financial instrument without actually owning the asset. The price of the CFD is derived from the price of the instrument. This means that if you buy/sell a CFD, your exposure is the same as if you had bought/sold the actual asset.
We provide various assets in forex, metals, commodities, indices, cryptocurrencies and stocks categories.
Our Forex prices are obtained from the liquidity providers. These are the most accurate price quotations for our clients. This is how we guarantee the best trading experience.
You can trade forex pairs, Monday through Friday from 00:00 Mondays to 23:59 Friday. This schedule may be subject to adjustment on holidays.
When you trade forex assets, you speculate on if the price of a currency will rise or fall against another. As an example, if you think that the value of the British pound will rise, relative to the value of the US dollar, you may go ahead and trade the GBP/USD pair.