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A forex trade involves buying one currency while simultaneously selling another. Currencies are traded in pairs consisting of a "base currency" and a "quote currency". Forex trading can be interesting and challenging, so learn more before you start.
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A good move for...
Trading Global Currencies
Anticipate moves with 56 currency pairs and trade around the clock with 24-hour markets
Diversifying Your Trading
Seek potential returns and new trading opportunities in markets worldwide
Take advantage of up to 50:1 leverage (compared to 15:1 in futures and 4:1 in equities)
Characteristics of Forex
|Trade As||Currency pairs
(buy one, sell the other)
|Timing||Do not expire||Do not expire|
|Pricing||Currency pairs are priced in pips, which is the smallest movement an exchange rate can make. Most currency pairs are quoted to the fifth decimal place (e.g., 1.35650 euro/USD).||Stock prices are quoted in decimal format (e.g., $38.50)|
|Strategy||Generally, bullish and bearish strategies||Generally, bullish and bearish strategies|
|Settlement||Rollover||3 business days|
|Structure||1 lot = 10,000 units of currency||Ownership of a piece of a company|
- E*TRADE FX easy-to-use platform
- 56 currency pairs to trade
- Advanced charting
- $0.00 per trade1
E*TRADE is compensated through a bid-ask spread1
Every E*TRADE customer also gets:
- FREE trading education
- FREE independent research
- FREE practice account
- Help & guidance when you need it
Forex is the most widely traded financial product in the world.
This highly liquid market is available 24-hours a day 5 days a week with over 50 currency pairs to trade.
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Independent analysis & market research
Help when you need itTalk to a Forex Professional — Call 1-855-232-2757