Forex

The world’s most active markets

Trade on the largest financial market in the world, with opportunities across multiple time zones.

Why trade forex in the first place?

Simple. Forex is easy, accessible and fast. It’s a great way to make calls on how a currency will behave based on economic news. The market is also very active, which means you’ll never run out of liquidity, and always have a counter party for your trade. And because global forex markets are in different time zones, you can trade 24/7. At any point in time, there is at least one major market open.

Why trade with RegalX?

It’s because we give you an extensive collection of currency pairs – as many as 50. We also give you very tight spreads – of 0.6 pips. Basically, this means you can take advantage of the smallest movements in currency, and not just the big dips and rises.

We provide the most widely
used trading platform
Meta Trader 4.

That’s not all. If you’re just starting on your trading journey, or are a casual trader, we give you all the support your need through a well-stocked Education section. You can also open a demo account to practice trades before investing real money. And for advanced traders, we offer all the advanced functionality of Meta Trader 4 – the world’s leading forex trading platform – with excellent leverage and low spreads.

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Forex

The world’s most active markets

Trade on the largest financial market in the world, with opportunities across multiple time zones.

What is Forex?

Forex, or foreign exchange, is a marketplace for trading currencies. It is also the largest financial market in the world, where trillions of dollars are traded every day. Forex markets don’t rely on one central institution. Instead, forex is traded by a network of banks across four major forex trading centres in different time zones – New York, Sydney, Tokyo and London. This means you can trade forex all hours of a day.

Typical Trading Hours

New York

13:00 to 22:00 GMT

London

08:00 to 17:00 GMT

Tokyo

00:00 to 09:00 GMT

Sydney

2:00 to
07:00 GMT

Many institutions around the world now trade 24hrs a day & the trading hours when two sessions overlap:

London & New York

12:00 to 16:00 GMT

Tokyo & London

07:00 to 09:00 GMT

Sydney & Tokyo

00:00 to 06:00 GMT

$5 trillion a day.

The forex market trades 5 trillion dollars a day and is far more active – with higher volumes – than stock market trading. Forex is popular because it’s accessible and easy to understand. All you need is an online account to begin trading from any part of the world.

How it Works?

Forex trading involves currency pairs, like USD or EUR. It always involves selling one currency to buy the other. For example, if you sell EUR to buy USD, you’ll make a profit if the US dollar strengthens. If it weakens, you’ll lose money on the trade, because your initial Euros were more valuable.

Why do currencies move?

 How do they strengthen or weaken? Currencies change due to any number of factors. They reflect market sentiment, news reports, central bank decisions, economic data and so much more. As a forex trader, you predict price changes for currency, and use these fluctuations to make a profit.

Forex

The world’s most active markets

Trade on the largest financial market in the world, with opportunities across multiple time zones.

A trading example

So let’s say that you’ve looked at market reports, or read the financial headlines. And you’ve decided that the US dollar is going to move against the Euro. In particular, you think that the US dollar will fall against the Euro, and the Euro will grow stronger. So you pick your EUR/USD pair. The first currency in the pair is your base currency, i.e. the currency you decide to buy and sell in. So EUR/USD = 1.25 means that one EUR is exchanged for 1.25 USD, for example.

Using Leverage to Amplify

With RegalX, we give you up to 1:1000 leverage on selected products. This means that for every dollar you put in, we multiply that by a thousand to make your trade more powerful. Another way of stating the same thing is to say that your margin requirement for this trade is 0.1% i.e. 0.1% of the trade must be your own money.

In Meta Trader 4, one lot is 100,000 units of currency. So to buy 1 lot, you’d need to invest EUR 100 – which we will amplify. Once you’ve bought 100,000 EUR/USD, let’s look at two outcomes.

Instance 1

Making a profit

Initial EUR/USD price = 1.3552

The dollar falls, which means the EUR/USD ratio changes to 1.3580, i.e. you get more dollars to every Euro.

The difference is 1.3580 – 1.3552 = 28 ticks (A tick is the smallest possible price movement in any market). In this market, a tick is 1/10,000 of a unit.

So, your profit on the trade:

= 100,000 units x 28/10,000

= 100,000 x  0.0028

= USD 280

Instance 2

Making a loss

Initial EUR/USD price = 1.3552

The dollar rises, which means the EUR/USD ratio changes to 1.3515, i.e. you get fewer dollars to every Euro.

The difference is 1.3552 – 1.3515 = 37 ticks (A tick is the smallest possible price movement in any market). In this market, a tick is 1/10,000 of a unit.

So, your loss on the trade:

= 100,000 units x 37/10,000

= 100,000 x  0.0037

= USD 370

Note: Your profit or loss is expressed in the second currency – in this case USD.

Protect yourself against a major drop.

Keep yourself safe, and limit the downside of your trades by setting a stop-loss. A stop-loss order automatically closes your position at a certain price level.  A cleverly-placed stop-loss price will be a few points below the price you purchased at.

Stop-losses can also be used to book profits – by automatically closing a trade if your chosen currency rises to a certain level.


Risk Warning: Trading in Forex/ CFDs and other derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Domain usage rights belong to RHL Ltd. BDS Ltd Registration No. 8424660-1 is authorized and regulated by the Financial Services Authority (the FSA, License no. SD047) Registered address: Suite 3 Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. RHL Ltd. is a registered company of St. Vincent and the Grenadines, Number 25956 BC 2020 by the Registrar of IBC, and registered by the Financial Services Authority, and whose address is Suite 305, Griffith Corporate, P.O.Box 1510, Beachmont Kingstown St. Vincent and The Grenadines. Regional Restrictions: RHL Ltd. does not provide services to residents of the USA. RegalX is a trademark of Regal Holdings Ltd.

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