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Trade Forex

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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

  • Employing Leverage

    Take advantage of up to 50:1 leverage (compared to 15:1 in futures and 4:1 in equities)

Characteristics of Forex

  Forex Individual Stocks
Trade As Currency pairs
(buy one, sell the other)
Shares
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
    & analysis
  • FREE practice account
  • Help & guidance when you need it

Fast Fact

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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Free Forex Education
Research & Insights...

Independent analysis & market research

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Help when you need it

Talk to a Forex Professional — Call 1-855-232-2757

Get up to $600 cash credit1

When you open a forex trading account
Open an Account

Download the E*TRADE FX Platform

An E*TRADE FX account or E*TRADE FX practice account is required to download the E*TRADE FX platform.

If you have not created an account, fill out an application at the E*TRADE FX info page before downloading the software.

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PLEASE READ THE IMPORTANT DISCLOSURES BELOW

Important Note: Off-exchange Foreign Exchange transactions are complex, carry a high degree of risk and may involve leverage risk. They are intended for sophisticated investors and are not suitable for everyone. For more information, see the Risk Disclosure Statement for Forex prior to applying for an account.

Foreign exchange products are introduced by E*TRADE Securities LLC ("E*TRADE FX"). E*TRADE FX is an Introducing Broker to Forex Capital Markets, LLC ("FXCM"). FXCM will hold your account and the respective funds and will act as the counterparty to your foreign exchange trades. FXCM is not affiliated with E*TRADE FX or its affiliates. The brand name E*TRADE FX is used by E*TRADE Securities LLC in connection with its forex related activities.

FXCM is a registered Retail Foreign Exchange Dealer and Futures Commission Merchant with the Commodity Futures Trading Commission ("CFTC"). FXCM is also a member of the National Futures Association ("NFA"), reference ID 0308179. E*TRADE FX is registered as an Introducing Broker with the CFTC and is a member of the NFA, reference ID 0320906.

  1. Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk tolerance. Most importantly, you should not invest money that you cannot afford to lose. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. The highly leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses. There are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connection. E*TRADE Financial Corporation and its affiliates ("E*TRADE") and Forex Capital Markets, LLC and its affiliates and subsidiaries are not responsible for communication failures or delays when trading via the Internet. E*TRADE and FXCM employ backup systems and contingency plans to minimize the possibility of system failure, and trading via telephone is available.
  2. Forex transactions are placed directly with a counterparty and there is no exchange or central clearinghouse to support the settlement of these transactions. Additionally, any assets deposited in your forex trading account do not receive segregation protection in the event FXCM is subject to bankruptcy.

The E*TRADE Financial family of companies provides financial services that include trading, investing and related banking products and services to retail customers.

System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors.

© 2012 E*TRADE Financial Corporation. All rights reserved.
© 2012 Forex Capital Markets, LLC. All rights reserved.

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