More than just an online trading platform
Forex and currency trading can easily be combined with other investment products on Saxo Capital Markets' online trading platform. Market information and other essential trading tools are provided for maximum trading success.
Saxo Capital Markets' dedicated Strategy Team provide clients with regular market updates so they can profit from the latest investment news and trends. Leading market experts provide even more insights, while the industry's best news sources, including Dow Jones Newswire and Market News International, keep clients at the cutting edge of global Forex markets.
About the Forex Market
The currency market, with an estimated USD 3.5 trillion traded daily, is larger than both the Stock and Futures markets combined. With such impressive turnover, global Forex markets offers investors with round-the-clock trading opportunities.
What to know About Trading Forex
Trade and Price Currency
Online Forex trading consists of buying and selling a combination of two currencies, called a cross or currency pair. One currency is bought (long) and the other is sold (short) in order to profit from the rise in value of one currency in relation to the other.
Margin Trading
Margin trading is available on all Saxo Capital Markets Forex offerings, enabling clients to buy and sell assets with a higher value than the capital in their accounts. Since normal currency exchange rate movements are only one or two percent daily, Forex trading is allowed on relatively small margin amounts.
Forex trading clients should keep in mind that margin trading involves a certain amount of risk. Substantial losses could be incurred if the market moves against a trader's position since it exceeds the acutal value of the account. Close monitoring margin utilisation -the amount of collateral being used to hold margined position - is a crucial step in reducing risk.
Should margin utilisation exceed available collateral, the position must be closed or reduced; otherwise additional funding of the account will be required to cover the position.