Currencies

Forex Trading

Benefits of Forex Trading with VestoAI

  • 40+ currency pairs
  • Trade FX 24/5
  • Highly liquid market
  • No hidden commissions

    • Trade 5 global asset groups & 300+ individual CFD financial instruments. Discover Forex, Commodities (Precious Metals & Energies), Stocks and Cryptocurrencies at VestoAI.

    What is Forex Trading?

    CFD (Contract for Difference) forex trading is a form of trading that allows investors to make predictions on the rising or falling prices of fast-moving global financial markets, including forex (foreign exchange market for currencies). In CFD forex trading, instead of actually buying or selling currency, traders enter into a contract with a broker to exchange the difference in the value of a currency pair between the time the contract is opened and when it is closed.
     

    Key points about CFD forex trading

    1. Leverage: CFDs are traded on margin, meaning traders can control large positions with a relatively small amount of capital. This leverage can amplify profits but also losses.
    2. Going Long or Short: Traders can make predictions on price movements in either direction. If they expect a currency pair to increase in value, they can go long (buy). Alternatively, if they expect it to decrease, they can go short (sell).
    3. Access to Global Markets: Forex CFDs offer access to all major currency pairs, as well as some minor and exotic pairs.
    4. No Ownership of Physical Assets: In CFD trading, you don’t own the underlying currency. This means you can make predictions on forex market movements without the need to take delivery of the actual currency.
    5. 24/5 Market: The forex market operates 24 hours a day, 5 days a week (Monday through Friday), allowing for continuous trading.
    6. Risk Management Tools: VestoFX offers a range of risk management tools, such as stop-loss orders, which can help traders manage their risk.
    7. Costs and Fees: Trading CFDs involves certain costs, like the spread (difference between the buy and sell price), and overnight holding costs (swap rates).