IronFX: Online Trading Platform | CFDs & Forex Trading

CFDs (Contracts for difference) are a method of speculating on the financial markets without buying or selling any underlying assets. CFD trading gives traders the opportunity to generate profits from price movements in the assets without actually owning the underlying instruments. What is CFD trading? CFD trading involves the buying and selling of CFDs. The main difference between CFDs and traditional trading is that with CFDs, you never own the underlying asset. CFDs are a type of derivative product because they allow you to speculate on financial markets such as shares, forex, indices and commodities without having to take ownership of the underlying assets. How CFDs work A contract for difference (CFD) is an agreement between an investor and a CFD broker to exchange the difference in the value of a financial product (securities or derivatives) from the time when the contract is opened to when it is closed. As already mentioned, there is no delivery of physical goods or securi

If you want to discover the top tips to successful trading, then this article is for you. Although there is no definite answer as to which rule is the best for a potentially successful online forex trading career, there are some characteristics that most successful traders usually share. Although professional traders may have already found what works best for them, novice traders usually want to learn fast and need some extra guidance. Below are a few of the top tips to successful trading that can potentially help traders. Follow your trading plan If traders have a trading plan in place, then this can act as a guidance regarding their trades, when to enter or exit a position as well as how to manage their funds. The majority of forex brokers offer a demo account with which traders can practise before entering the markets with real money. Although traders approach trading in different ways, it is important that they choose their trading plan based on their trading requirements and

Forex, or foreign exchange, refers to exchanging one currency for another with the purpose of potentially generating revenue in online forex trading . The foreign exchange market is a global, decentralised market where trading occurs 24 hours a day, 5 and a half days per week, between traders from all around the world across all time zones. This makes the market the most liquid market with $6.6 daily trading volume. Participants of the market are financial institutions like commercial banks, money managers, hedge funds forex brokers or individual investors. Trading forex enables traders to go long or short as well as trade a wide variety of currency pairs. If you are into online trading, then below you will find the main benefits of forex trading. Irrespective of the reason why you choose forex, you should always stick to your trading style and plan. Flexible trading hours As previously mentioned, the forex market is constantly active with numerous people trading forex every day. As

Well-established traders usually need a solid forex trading strategy in place which will act as their guidance throughout their whole trading journey. Forex trading strategies usually provide information regarding buying and selling decisions and are based on technical and fundamental analyses as well as news-based events regarding the market. Best forex trading strategies Although there are various strategies available for online forex trading , traders can build their own as well. In any case, there is no definite answer as to which one you should choose. You should just choose based on your trading style and preferences. Scalping - This strategy focuses on smaller market movements. Traders’ goal is to benefit from smaller profits for every trade. They also take advantage of liquidity and volatility. However, there are always risks involved and scalping requires traders to think fast and spend time on checking the charts. Day Trading - This strategy focuses on intraday trades,