Forex

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 CURRENCIES 

Tap into the most liquid financial market in the world.

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How does
 Forex  Trading work?

Forex trading involves buying and selling currencies. In simple terms, you’re exchanging one currency for another, with the aim of making a profit from price fluctuations.

Trades take place in pairs, like EURUSD or GBPUSD, and the goal is to buy a currency when its value is low and sell when it’s high, making profits from the differences in exchange rates. The Forex market operates 24/5, offering traders worldwide access to global currency markets.

Forex
 Trading Example 

Opening the Position:

The price of the British Pound against the US Dollar (GBPUSD) is 1.41455/1.41456, and you choose to sell CFDs equivalent to 3 standard lots (which represents £300,000) at 1.41455. 

Closing the Position

Three days later, the British Pound has depreciated against the US Dollar to 1.39901/1.39902. You decide to close your position and lock in your profits by buying back the CFDs amounting to 3 standard lots at 1.39902.

The gross profit on your trade is calculated as follows:

Opening Price : 300,000 x 1.41455 = USD $424,365 
Closing Price: 300,000 x 1.39902 = USD $419,706 
Gross Profit on Trade: $4,659 

Forex Trading Hours

All times are in server time (GMT+3).The Forex market trading hours are from Sunday 22:05 to Friday 21:59. However, the following currency pairs have specific trading hours:USDCNH, USDTHB: Monday 00:05 to Friday 21:59.

 Trade Forex  with Richmond365

Range of Instruments

Diversify your portfolio with thousands of trading products.

Start with less as $250

Deposit as little as $250 and trade from 0.01 lot.

Low Costs

Ultra-low spreads from 0.0 pips.

Flexible Leverage

Power up your trades with leverage up to 1:1000.

Powerful Trading Platforms

Trade on reliable platforms with multiple user-friendly features and tools.

Ultra-fast Execution

Benefit from low latency with an average trade execution speed of just 50ms.

Frequently Asked  Questions 

  • What is Forex Trading?

  • What factors influence the Forex market?

  • How can I start trading Forex with Richmond365?

  • Which currency pairs can I trade with Richmond365?

  • What is leverage?

  • What is margin?

  • What is volatility?

  • What are spreads?

  • What are swaps?

Get Started with  Richmond365 

Quick and easy account opening process, Fund your trading account with an extensive choice of deposit methods.
  • Instant Deposit
  • Fast Withdrawal
  • Low Commissions
Open Trading Account

7 For detailed information on deposits, withdrawals, and how to fund your trading account,
visit our Payment Methods Guide.