Chat with us, powered by LiveChat
CLIENT LOGIN
Company Trading Social Trading Troy-Tool Meta Trader CS center
Connected Connected Wallet
FOREX
COMMODOTLES
METALS
INDICES
SHARE CFDS
CRYPTO
ETF
FOREX
COMMODOTLES
METALS
INDICES
SHARE CFDS
CRYPTO
ETF

Forex trading

The Forex market is the world's largest market. with a trading volume of over $1.5trillion a day. Forex trading means pairing one currency against another. predicting which one will rise or fall.
VIEW OUR FOREX SPREADS
OPEN AN ACCOUNT

WHAT ARE THE ADVANTAGES OF

TRADING FOREX WITH

TIGHT RAW SPREADS
FROM 0.0 PIPS
60+ CURENCY PAIRS
MT5 PLATFORMS
ON DESKTOP AND MOBILE
TRADE 24 HOURS A DAY, 5
DAYS WEEK
NO PEQUOTES AND NO
HIDDEN CHARGES
VIEW OUR FOREX SPREADS

A BRIEF

HISTORY OF FOREX • • • •

CURRENCY TRADING IS A CONCEPT WHICH DATES BACK THOUSANDS OF YEARS. THE EXCHANGING OF GOODS KNOWN AS BARTER HAS EVOLVED AND DEVELOPED INTO
THE FOREX TRADING MARKET THAT WE SEE TODAY. THERE ARE A HANDFUL OF LANDMARK MOMENTS WHICH SHAPED THE HISTORY OF CURRENCIES TRADING.
Barter System (6000 BC)
Barter is The Oldest Method Of Exchange And Was Introduced By Mesopotamia Tribes As Early As 6000 BC. This Method Involved The Trading Goods. For Other Goods With Ships Sailing From Country To Country With Items Such As Food And Animal Skins
Free-Floating System (1971)
Eventually There Was Not Enough Gold To Back The Amount Of US Dollars In Circulation Which Brought An End To the Bretton Woods System And Led To The Free Floating Of The US Dollar Against Other Foreign Currencies. The Situation That The Rate Of Exchange Was No Longer Pre-Determined Creates An Open Forex Market With The Value Of Currencies Being Exposed To Market Forces Such As Supply And Demand.
Gold Coins (6th Century BC)
The First Gold Coins Were Produced In Lydia (Turkey) And Recogniised As The First Known Form Of Currency. These Coins Had The Critical Characteristics of Currency As They Were Portable. Durable And Uniform. Aided By Being Limited In Supply They Were Accepted Over Time With Gold Playing A Pivotal Role Throughout The History Of Forex Trading.
Internet Trading (1990s)
The Combination Of Technology And Globalisation Resulted In The Exponential Growth Of The Forex Market Through Internet Trading. Currencies Theat Were Previously Shut Off And Emerging Markets Could Now Be Traded From Anywhere In The World Using An Online Forex Trading Platform.
Gold Standard (1870s)
Once Established As The Accepted Medium Of Exchange. Gold Eventually Became
Impractical Due To Its Weight. In The 1800s The Gold Standard Was Adopted And Guaranteed That The Government Would Exchange Paper Money For Its Value In Gold.
Present Day
In Less Than Two Decades The Forex Market Has Become The Largest Financial Market In The World. Trillions Of Dollars Are Traded On The Forex Market Every Day And Are No Longer Limited To Large Banks And Financial Institutions. Individuals Are Now Trading FX Online In The Same Market Conditions As Corporate Organisations Thanks To Advanced Technologies Such As The MetaTrader 4/5 Foreign Exchange Trading Platforms.
Bretton Woods System (1944)
The Forex Market Underwent A Major Trandsformation Towards The End Of World War II. The Bretton Woods System Was Introdued And Established A Set Of Rules For Commercial And Financial Relations Between The Signatories Of The Agreement. This Included North America, Western European Countries, Australia And Japan. The System Created Fixed International Currency Exchange Rates.

WHAT IS

FOREX TRADING?

Forex Trading Is Also Known As FX Trading Or Currency Trading.
It Refers To The Central Marketplace Where Traders Exchange
Currencies For One Another At Floating Rates.

The Foreign Exchange Market Consists Of Multiple Markets.
Including Spot Fx, Future Derivatives, Forward Derivatives And
CFD Derivatives, The Forex Market Is One Of The Largest And
Most Liquid Financial Markets In The World, With A Turnover
Reported To Exceed $5 Trillion Per Day. Forex Is Open TO Trade 24
Hours A Day, 5 Days A Week.

The Most Common Pairs To Trade Are Called The 'majors'.
Examples Would Be The EUR/USD, GBP/USD And USD/CHF.

HOW DOES

FOREX TRADING WORK?

LEARN TO TRADE FOREX
TROYMarkets Forex Pairs Are Traded As CFDs (Contract For Difference). When Trading Forex, You Select A Pair Of Currencies And Base Your Trading Decision On Which Currency's Price You Think will Rise Or Fall. Forex Is Traded In Currency Pairs, For Example EUR/USD. The First Currenecy Is Called The 'base Currency' And The Second Is The 'quote Currency'. Currencies Are Displayed Showing Ho Many Units Of The Quote Currency You Can Buy With One Unit Of The Base Currency. This Is The Exchange Rate

For Example, EUR/USD 1.2344 Shows Us That 1 Euro = 1.2344 US Dollars.
When You're Ready To Trade You Will Choose To Go Long Or Short. In The Example Above, Going Long Means That You Think
That The Value Of The Euro Will Rise Against The Dollar.
Going Short Means You Think It Will Fall.
‍
CURRENCY PAIR

AUDUSD

BID

0.77184

BID

0.77185

SPREAD : 0.1 Pips

Start Trading With Troymarket On Spreads From 0.0 Pips

START TRADING
TRADE EUR / USD

FOREX TRADING EXAMPLE

The Gross Profit On Your
Trade Is Calculated AS
Follows:
Opening Price
$1.33623 x 2Lot - $267,246
Closing Price At
$1.33623 x 2Lot - $267,246
Gross Profit On Trade
$267,246 - $264,258 = $2,988
Closing Price At
$1.33623 x 2Lot - $267,246
Opening The Position
The Price Of The Euro Against The US
Dollar (EUR/USD) Is 1.33623/1.33624 And
You Decide To Sell 2 Standard Lots (The Equivalent Of €200,000) At 1.33623.
Closing The Position
One Week Later The Euro Has Fallen Against The US Dollar To 1.32128/1.32129 And You Decide To Take Your Profit By Buying Back 2 Standard Lots At 1.32129; If The Euro Has Increased Against The US Dollar To 1.34523/1/34529, The Trade Loses $1,812.
TRADE FROM 0.0 PIPS

TYPICAL FOREX SPREADS

Super Zero
Account

Standard
Account

SYMBOL
PRODUCT DESCRIPTION
AVAILIBILITY
MIN
AVG
MIN
AVG
AUDUSD
Australian Dollar vs Us Dollar
MT5
10
12
0
1
EURUSD
Euro vs Us Dollar
MT5
10
12
0
0
GBPUSD
Great Britain Pound vs Us Dollar
MT5
10
14
0
3
NZDUSD
New Zealand Dollar vs Us Dollar
MT5
19
23
0
3
AUDJPY
Australian Dollar vs Japanese Yen
MT5
19
24
0
4
USDJPY
Us Dollar vs Japanese Yen
MT5
10
13
0
2
EURGBP
Euro vs Great Britain Pound
MT5
19
23
0
3
USDCAD
Us Dollar vs Canadian Dollar
MT5
10
13
0
2
USDCHF
Us Dollar vs Swiss Franc
MT5
10
15
0
4
AUDCAD
Australian Dollar vs Canadian Dollar
MT5
19
25
0
5
AUDCHF
Australian Dollar vs Swiss Franc
MT5
19
28
0
8
AUDNZD
Australian Dollar vs New Zealand Dollar
MT5
19
29
0
9
AUDSGD
Australian Dollar vs Singapore Dollar
MT5
19
30
0
10
CADCHF
Canadian Dollar vs Swiss Franc
MT5
19
28
0
8
CADJPY
Canadian Dollar vs Japanese Yen
MT5
19
29
0
9
CHFJPY
Swiss Franc vs Japanese Yen
MT5
19
38
0
18
EURAUD
Euro vs Australian Dollar
MT5
19
28
0
8
EURCAD
Euro vs Canadian Dollar
MT5
19
25
0
5
EURCHF
Euro vs Swiss Franc
MT5
19
26
0
6
EURCZK
Euro vs Czech Koruna
MT5
61
830
20
790
EURHUF
Euro vs Hungarian Forint
MT5
5
230
2
226
EURJPY
Euro vs Japanise Yen
MT5
19
26
0
6
EURNOK
Euro vs Norwegian Kroner
MT5
86
435
46
395
EURNZD
Euro vs New Zealand Dollar
MT5
19
38
0
18
EURPLN
Euro vs Polish Zloty
MT5
39
181
0
141
EURSEK
Euro vs Swedish Krona
MT5
48
350
9
310
EURSGD
Euro vs Singapore Dollar
MT5
19
30
0
10
EURTRY
Euro vs Turkish Lira
MT5
431
3580
392
3818
EURZAR
Euro vs South African Rand
MT5
450
819
50
419
GBPAUD
Great Britain Pound vs Australian Dollar
MT5
19
30
0
10
GBPCAD
Great Britain Pound vs Canadian Dollar
MT5
19
29
0
9
GBPCHF
Great Britain Pound vs Swiss Franc
MT5
19
34
0
14
GBPJPY
Great Britain Pound vs Japanese Yen
MT5
19
30
0
10
GBPNZD
Great Britain Pound vs New Zealand Dollar
MT5
26
55
7
35
GBPSEK
Great Britain Pound vs Swedish Krona
MT5
215
608
14
408
GBPSGD
Great Britain Pound vs Singapore Dollar
MT5
19
36
0
16
NZDCAD
New Zealand Dollar vs Canadian Dollar
MT5
19
29
0
9
NZDCHF
New Zealand Dollar vs Swiss Franc
MT5
21
29
2
9
NZDJPY
New Zealand Dollar vs Japanese Yen
MT5
19
28
0
8
NZDSGD
New Zealand Dollar vs Singapore Dollar
MT5
21
34
2
14
USDBRL
Us Dollar vs Brazilian Real
MT5
415
528
15
128
USDCNH
Us Dollar vs Chinese Yuan
MT5
1
4
0
2
USDCZK
US Dollar vs Czech Koruna
MT5
399
936
0
536
USDDKK
US Dollar vs Danish Krone
MT5
199
232
0
32
USDHKD
Us Dollar vs Hong Kong Dollar
MT5
10
24
0
13
USDHUF
US Dollar vs Hungarian Forint
MT5
4
201
4
201
USDKRW
US Dollar vs South Korean won
MT5
399
612
0
215
USDMXN
US Dollar vs Mexican Peso
MT5
399
635
0
235
USDNOK
Us Dollar vs Norwegian Krone
MT5
399
698
0
298
USDPLN
Us Dollar vs Polish Zloty
MT5
39
124
0
84
USDSEK
Us Dollar vs Swedish Krona
MT5
399
589
0
189
USDSGD
Us Dollar vs Singapore Dollar
MT5
10
22
0
11
USDTRY
Us Dollar vs Turkey Lira
MT5
1482
3737
1082
3336
USDZAR
Us Dollar vs South African Rand
MT5
99
644
0
544
TROYMARKET

FOREX FOR HEDGING

Globailsation Has Been One Of The Biggest Drivers In The Increased Volume Beging Traded On The Forex Market. One Example Of This Is Large Multinational Corporations Who Need To Buy Or Sell One Currency For Another As They Are Obtaining Revenue In Numberous Different Currencies.

Companies Can Employ Hedging Strategies To Reduce Any Risk Exposure They May Have Due To Fluctuation In Currency Values. Fluctuations In The Forex Market Can Have An Adverse Impact On Critical Aspects Including Costs, Revenue And Ultimately Profit Margin. This Can Be Achieved Using Forward Or Swap Markets.

A Currency Swap Involves The Swapping Of Two currencies At The Maturity Of The Contract. An Exchange Of Interest And Somtimes Principal Are Involved With Companies Often Using This Method To Access Lower Interest Rates In The Local Currency Compared To Money Borrowed From A Financial Institution Such As A Bank.
Forward Contracts Involve Paying A Premium (Interest Based On The Differentail In The Price Of The Two Currencies) To Purchase An Asset For A Specified Price At A Future Date. One Of The Benefits Of Forward Contracts Is That The Size, Length, Or Maturity Term Are Customisable. Companies With Future Payments Or Receipts Can Benefit From This By Protecting Their Budget And Profit Margins From Fluctuations In The Forex Market.

Hedging Is A Concept That Is Becoming More Prominent Among Individual In Fx Trading. Traders Are Using The Strategy of Opening Additional Positions To Balance Or Offset Current Positions That Will Successfully Limit Risk Exposure. The Advanced User Friendly Forex Trading Platform Offered By TROY Markets Makes This Process Seamless.
TRADE WITH CONFIDENCE

TRADE WITH A PROVIDER
INVESTED IN YOUR SUCCESS

Open A TROYMARKET Trading Account Today And Join Over A Million Others Globally Trading 2,000+ Markets On An Easy-To-Use Platform. Go Long Or Short With Competitive Spreads On Indices, Shares, Forex, Gold, Commodities, Cryptocurrencies, Bonds And More, Plus, Get Extended Hours On Major US Shares, AI-Powered Tools And 24/5 Client Support. Learn More About Trading CFDs With Troymarket.
START TRADING TRY FREE DEMO
Licensed & Trusted
Transparent Pricing
Forex Webbinars
Research & Education
One-Stop Destination
Trade On The Go
Technical Analysis Tools
24/5 Live Support
Same Day Account Opening
24/5 Customer
Support
Our Dedicated Team Of Customer Support Agents Are On Hand 24/5 To Provide You With Multilingual Support
ANY
Questions?
Visit Our Comprehensive FAQ Where You Can Find Information About The Services We Offer And Answers To Your Trading Questions.
Follow Us For
Market Analysis
Stay On Top Of Market Trends And Analysis By Following Us On Social Media And Visitiong Out Financial Markets Blog.
Disclaimer: This Material On This Website Is Intended For Iustrative Purposes And General Information Only. It Does Not Constitute Financial Advice Nor Does It Take Into Account Your Investment Objectives, Financial Situation Or Particular Needs. Commission, Interest, Platform Fees, Dividends, Variation Margin And Other Fees And Charges May Apply To Financial Products Or Services Available From TROYMARKET. The Information On This Website Has Been Prepared Without Taking Into Account Your Personal Objectives, Financial Situation Or Needs. You Should Consider The Information In Light Of Your Objectives, Financial Situation And Needs Before Making Any Decision About Whether To Acquire or Dispose Of Any Financial Product.Troy Market Limited (2024-00657) is a company registered in Saint Lucia under International Business Companies Act, Cap 12.14: Section 6.The trading of securities and the carrying on of a foreign exchange business is not a prohibited activity under the IBC Act or any other legislation applicablein Saint Lucia. Company can engage in any of these business activities outside of the jurisdiction of Saint Lucia.
‍
Risk Warning:
Derivative Products Are Highly Leveraged, Carry A High Level Of Risk And May Not Be Appropriate For All Investors. The Legal Documents Should Be Considered Before Entering Transactions With Us. The Information On This Website Is Not Intended For Residents Of Certain Jurisdictions And Are Not Intended For Distribution To, Or Use By, Any Person Or Entity In Any Jurisdiction Where Such Distribution Or Use May Be Contrary To Any Local Laws Or Regulations Of That Jurisdiction. Those Who Access This Website Do So On Their Own Initiative. The Release Does Not Constitute Any Invitation To Trade. To Enter Into Transactions With TROYMARKET, You Have The Rights To Seek Legal Advice Before You Confirm The Service Provider Or Product Issuer From TROYMARKET Group Of Companies. Please Contact Us If You Have Any Question Regarding The Regulation Of Your Trading Accounts.

Our Services Are Not Available To Resident Of Specific Jurisdictions Including Afghanistan, Cuba, Iraq, Iran, Liberia, Libya, Myanmar, Palestine, Russia, Somalia, Syria, Sudan, Yemen, Spain, European Union And The United States, As Well As Any Jurisdictions That Are Included On The FATF And EU/UN Sanctions Lists.