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Trading Glossary

From beginners to experts, all traders need to know a wide range of technical terms. Let us be your guide.

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Market Analysis
 

Market News

All the latest market news, with regular insights and analysis from our in-house experts.

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Economic Calendar

Make sure you are ahead of every market move with our constantly updated economic calendar.

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Technical Analysis

Harness past market data to forecast price direction and anticipate market moves.

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Market Analysis

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Grow your business and get rewarded. Find out more about our Affiliate Programme today.

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Increase your income and get compensated for your trading knowledge with ThinkInvest, putting you in control.

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API Trading

Create your own trading platform or data tools with our cutting-edge APIs.

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Introducing Broker

ThinkMarkets ensures high levels of client satisfaction with high client retention and conversion rates.

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About ThinkMarkets
 

About Us

Find out more about ThinkMarkets, an establised, multi-award winning global broker you can trust.

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Negative Balance Protection

Trade with peace of mind. Never lose more than what you deposited, no matter what the market conditions.

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About ThinkMarkets

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Forex trading

Trade the world’s largest financial market with spreads from as low as 0 pips*

 

Industry leading forex spreads

 
Live forex prices
Markets Bid Ask Spread
Prices are indicative only. Live prices are only available for active traders.
  • Start trading EUR/USD today from as low as 0 pips.*

    *On a ThinkZero account. 

  • Create account

Learn how to trade forex

Currency prices are constantly moving offering numerous trading opportunities on a daily basis. In forex, currencies are listed in pairs, e.g. EUR/USD, GBP/USD, USD/JPY. Unlike the price of commodities and shares, the forex market neither goes up nor down. What really happens is that the price of one currency moves up or down in relation to another.

The most common terms in forex trading are buy and sell, or going long and short. However, when you trade forex online, you are neither buying nor selling real currency. All you do is placing a bet on the direction in which a currency pair will move.

The amount of money made or lost on a trade depends on the market move and the size of your position. At ThinkMarkets, you can trade major, minor and exotic forex pairs with no minimum deposit requirement for a Standard account and just $500 for a ThinkZero account and up to 500:1 leverage.

  • Develop your own trading system and practice for free

  • Open free demo

Trading forex on Trade Interceptor

With over 550,000 users globally and more than 15,000 five-star reviews, our Trade Interceptor platform has been designed to bring the power of a desktop platform to all your mobile devices.
 

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Trend Risk-Scanner

Find high probability trades and recommended target & stop loss levels with our powerful risk management tool.
 

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200 cloud-based alerts

No more missed opportunities. Get notified across all your devices when key market movements take place.
 

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Trading forex with ThinkMarkets

 

Here’s why thousands of traders around the world choose to trade forex with us

  • Innovative platforms

    Select the platform that suits your needs between the robust ThinkTrader, the next-generation MetaTrader 5 and the popular MetaTrader 4.

  • Superior mobile trading app

    Downloaded by over 550,000 traders, the ThinkTrader app offers an unparalleled trading experience across desktop, tablet and especially mobile.

  • World class support

    Our multi-lingual support team is here to assist you with all your questions 24 hours a day, 5 days a week via email, telephone and live chat.

Market analysis updates

 

Mohamed Zidan -

Optimism returns as Tariffs could be delayed

  • The British economy was static in October
  • Read more

Mohamed Zidan -

Optimism returns as Tariffs could be delayed

  • The British economy was static in October
  • Read more

Bethel Loh -

THREE MONDAY TALKING POINTS: Don't Blink Or You Just Might Miss A Catalyst

*Compelling week of catalyst-heavy events amid familiar reigns of uncertaintyRead more

Awards

ThinkMarkets is the proud winner of the year in the categories Best Forex Trading Experience & Best Forex Trading Innovation by the UK Forex Awards 2017.


 

How forex trading works

In forex, currencies are quoted in pairs. Let’s take the most popular currency pair as an example, EUR/USD. The first currency (Euro in this case) is called the base currency and the second (USD) is called the quote currency. When you trade a pair you are speculating on whether the base currency (EUR) will strengthen or weaken against the quote currency (USD).

Forex prices are typically quoted to five decimal places. The most important decimal point to keep an eye on is the fourth, also known as pip. It is the number of pips we use to calculate the profit and loss.

Forex positions are traded in specific amounts called lots, which equals to 100,000 units of the base currency. It is also possible to trade in smaller amounts - mini, micro and nano lots sizes, corresponding to 10,000, 1,000 and 100 units respectively.

 

What influences forex prices?

There are three key factors that impact the prices in the forex market.
 

  1. Financial news

    Economic reports have a big effect on currencies. For that reason, the Economic Calendar is the trader’s best friend. It includes all scheduled news events and data releases, graded by importance.

  1. Political instability

    Currencies are sensitive to political uncertainty caused by events such as elections, referendums and political scandals.

  1. Natural disasters

    Acts of God, such as tsunamis, earthquakes and hurricanes, can cause significant price volatility in the currency associated with that region.

 

Who trades forex?

Apart from banks, financial companies and professional traders, anybody with an interest to capitalize on daily market moves can access currency trading. Forex is often described as a decentralised global market. What that means is that there is no physical location where traders meet to buy or sell.

In such a market, it is technology that makes it possible for traders all over the world to deal directly with each other. Put simply, forex is a market without middlemen. All you need to participate in this fascinating and fast paced market too is a trading account with a reliable broker.

 

Advantages of forex trading

Forex trading has evolved into one of the most popular markets to trade. Here are the three key reasons why so many traders choose it.
 

  1. Available 24 hours

    From Sunday to Friday evening, the forex market is available for trading around the clock. This makes it ideal for traders who can only trade the markets on a part-time basis.

  1. Leverage

    When trading forex online, you can control positions much larger than your capital by using leverage. This can lead both to larger gains and losses, which makes risk management a key part of every forex trading strategy. At ThinkMarkets, you can choose to trade currencies with leverage up to 500:1.

  1. Low starting capital

    Unlike trading on an exchange where the contract sizes are predetermined, when trading forex online, you get to decide the size of your positions. This allows traders to start with the capital they feel comfortable with. At ThinkMarkets, you can start participating in the fascinating currency markets with no minimum deposit requirement for a Standard account and only $500 minimum deposit for a ThinkZero account.

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