Learn to Trade

Forex and CFDs

Learn to trade Forex and CFDs

Forex trading is the process of speculating on currency price movements, with the aim of making a profit. Many currency conversions on the forex market are for practical use, and not for creating profit. However, traders can speculate on forex market price movements, with the aim of capitalizing on correctly forecasting these movements.

CFDs are a leveraged product, which means that you only need to deposit a small percentage of the full value of the trade in order to open a position. This is called ‘trading on margin’. While trading on margin allows you to magnify your returns, losses will also be magnified as they are based on the full value of the position, meaning you could lose more than any capital deposited.

Open a Trading Account

A demo account is the best way for novice traders to explore MetaTrader 4 and receive their first trading experience in the currency markets.

Risk Management and Psychology

Risk management in forex trading is the process of recognising the risks associated with a trade and taking actions to reduce your exposure.

Learn and Develop Trading Strategies

A forex trading strategy defines a system that a forex trader uses to determine when to buy or sell a currency pair. There are various forex strategies that traders can use including technical analysis or fundamental analysis. A good forex trading strategy allows for a trader to analyse the market and confidently execute trades with sound risk management techniques.

Find the Instrument

FPG offers a diverse range of market traders can trade. Start with something that you are familiar with, it could be a current pair, index, or commodity. 

Start Researching

Use our news and analysis section to keep up-to-date with market news that may impact FX, and our market calendar to keep updated with market-moving events.

Follow the Strategy

Before placing a trade, ensure you have followed your strategy which should include risk management. Also, see chat to us for the tips on building a trading plan.

Place your Trade

As per your strategy, place your forex trade with defined entry and exit points. Don’t forget to use risk management conditions, such as a take-profit or stop-loss order.

Close your Trade
and Reflect

By following your trading plan, exit the market at your forecasted limits. Think about how you performed, so that you can improve after each trade you make.

Setup a Live or Demo Account

Let’s start placing your first trade by applying for an account now!

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