Forex trading involves the exchange of one currency for another, and the forex market is the largest financial market in the world by trading volume. The market consists of a wide range of participants, including central banks, financial institutions, corporations, and individual traders, who engage in foreign exchange transactions for purposes such as payments, hedging against currency fluctuations, or seeking profit opportunities.
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| wdt_ID | Product | Typical spread | Commission | Margin | Contract size | Mininum volunme per trade | Maximum volunme per trade | Trading session（UTC+8） |
|---|---|---|---|---|---|---|---|---|
| 1 | AUDCAD Australian Dollar/Canadian Dollar |
1.7 | 0 USD per lot | 0.1% | 100,000 | 0.01 | 100 | Monday 06:01 to Saturday 05:59 |
| 2 | AUDCHF Australian Dollar/Swiss Franc |
1.3 | 0 USD per lot | 0.1% | 100,000 | 0.01 | 100 | Monday 06:01 to Saturday 05:59 |
| 3 | AUDJPY Australian Dollar/Japanese Yen |
1.6 | 0 USD per lot | 0.1% | 100,000 | 0.01 | 100 | Monday 06:01 to Saturday 05:59 |
| 4 | AUDNZD Australian Dollar/New Zealand Dollar |
2.2 | 0 USD per lot | 0.1% | 100,000 | 0.01 | 100 | Monday 06:01 to Saturday 05:59 |
| 5 | AUDUSD Australian Dollar/US Dollar |
1.0 | 0 USD per lot | 0.1% | 100,000 | 0.01 | 100 | Monday 06:01 to Saturday 05:59 |
| 6 | CADCHF Canadian Dollar/Swiss Franc |
1.7 | 0 USD per lot | 0.1% | 100,000 | 0.01 | 100 | Monday 06:01 to Saturday 05:59 |
| 7 | CADJPY Canadian Dollar/Japanese Yen |
1.7 | 0 USD per lot | 0.1% | 100,000 | 0.01 | 100 | Monday 06:01 to Saturday 05:59 |
| 8 | CHFJPY Swiss Franc/Japanese Yen |
2.0 | 0 USD per lot | 0.1% | 100,000 | 0.01 | 100 | Monday 06:01 to Saturday 05:59 |
| 9 | EURAUD Euro/Australian Dollar |
2.7 | 0 USD per lot | 0.1% | 100,000 | 0.01 | 100 | Monday 06:01 to Saturday 05:59 |
| 10 | EURCAD Euro/Canadian Dollar |
1.4 | 0 USD per lot | 0.1% | 100,000 | 0.01 | 100 | Monday 06:01 to Saturday 05:59 |
| Product | Typical spread | Commission | Margin | Contract size | Mininum volunme per trade | Maximum volunme per trade | Trading session（UTC+8） |
Server time follows UTC+8 in winter and UTC+9 in summer (DST). The provided fees are indicative only and change over time. For the most up-to-date and accurate information, please refer to our trading platforms.
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Get into forex trading now. Learn, trade on the demo account and join one of the biggest financial markets.
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Is forex trading good for beginners?
Forex trading is attractive for beginners as it allows trading with small capital through leverage, enabling control of larger positions. Traders can start with 0.01 lots, but caution is essential, as leveraged trading carries inherent risks. Ensure you understand the risks involved before trading. You can learn more about forex trading through courses at Zooe Academy.
What are the benefits of forex trading?
Forex trading offers some unique advantages:
1）24-hour market – The forex market operates 24 hours a day, five days a week, giving traders the flexibility to trade at any time, whether morning or night, without being restricted by market hours.
2）High liquidity – With a large number of buyers and sellers at all times, forex trading allows for quick order execution under normal market conditions, ensuring seamless trade entry and exit.
3）Low trade costs – Forex typically offers tight spreads, meaning the difference between the bid and ask price is minimal. This lowers transaction costs, making trading more cost-effective and potentially more profitable.
How does leverage work?
Leverage is a tool that allows traders to control larger positions using a smaller amount of capital. This is usually expressed as a ratio, such as 50:1, where the first number represents the amount you can control, and the second number represents the capital you have. However, please note that leverage is a double-edged sword, as it not only magnifies potential profits but also amplifies losses.
How can a beginner trade in forex?
A beginner can start forex trading in three simple steps:
1）Choose a reliable broker. Research different brokers based on fees, trading products, and execution speed to find one that suits your needs. Zooe provides a transparent trading environment, competitive spreads, and fast execution, ensuring an optimal trading experience for both beginners and professionals.
2） Practice with a demo account. Use virtual funds to gain experience before trading with real money. Zooe demo account helps you test strategies risk-free before trading with real money.
3.）Open a live account and start trading. Once confident, fund your account and begin trading in real market conditions.
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