Forex


The forex market has a daily turnover of several trillion dollars,
making it the world's largest trading market


Forex Facts

  • 24-hour continuous trading
  • Fair and transparent
  • High liquidity
  • Two-way trading
  • Rich trading varieties
  • 400:1 leverage
  • Minimum transaction 0.01 lots

Horseforex aggregates quotes from more than 50 banks around the world, with spreads as low as zero, allowing traders to experience the same depth of liquidity and spreads as many of the world's largest banks and financial institutions.

Horseforex benefited from the cooperation of a number of top liquidity providers and Metatrade's bridging technology, with a combination of order-driven and quotation-driven hybrid trading mechanism, ensuring no delays in order transactions and fast executions.

Forex Trading Spreads / Conditions

(Symbol) Description Avg spread Long Short Time
AUDCAD Australian Dollar vs Canadian Dollar 0.6 0.35 -4.29 Monday to Friday 0:05-24:00
EURJPY Euro vs Japanese Yen 0.7 -2.52 -1.02 Monday to Friday 0:05-24:00
EURUSD Euro vs US Dollar 0.2 -0.86 0.03 Monday to Friday 0:05-24:00
AUDCHF Australian Dollar vs Swiss Franc 0.6 0.43 -4.05 Monday to Friday 0:05-24:00
AUDJPY Australian Dollar vs Japanese Yen 0.6 0.45 -3.86 Monday to Friday 0:05-24:00
AUDNZD Australian Dollar vs New Zealand Dollar 0.9 -4.28 7.00 Monday to Friday 0:05-24:00
AUDSGD Australian Dollar vs Singapur Dollar 0.8 0.73 -8.5 Monday to Friday 0:05-24:00
AUDUSD Australian Dollar vs US Dollar 0.4 0.12 -0.96 Monday to Friday 0:05-24:00
CADCHF Canadian Dollar vs Swiss Franc 0.7 0.98 -4.22 Monday to Friday 0:05-24:00
CADJPY Canadian Dollar vs Japanese Yen 0.7 -0.6 -3.95 Monday to Friday 0:05-24:00
CHFJPY Swiss Franc vs Japanese Yen 0.7 -3.72 0 Monday to Friday 0:05-24:00
EURAUD Euro vs Ausrtalian Dollar 0.7 -5.2 0.39 Monday to Friday 0:05-24:00
EURCAD Euro vs Canadian Dollar 1 -4.32 0.91 Monday to Friday 0:05-24:00
EURCHF Euro vs Swiss Franc 0.6 0 -16.36 Monday to Friday 0:05-24:00
EURGBP Euro vs Great Britian Pound 0.6 -2.52 0 Monday to Friday 0:05-24:00
EURNZD Euro vs New Zealand Dollar 1 -12.24 1.3 Monday to Friday 0:05-24:00
GBPAUD Great Britian Pound vs Australian Dollar 1.2 -19.23 -2.76 Monday to Friday 0:05-24:00
GBPCAD Great Britian Pound vs Canadian Dollar 1.1 -8.03 3.85 Monday to Friday 0:05-24:00
GBPCHF Great Britian Pound vs Swiss Franc 1.4 -1.95 -2.4 Monday to Friday 0:05-24:00
GBPJPY Great Britian Pound vs Japanese Yen 0.7 0.21 -1.21 Monday to Friday 0:05-24:00
GBPNZD Great Britian Pound vs New Zealand Dollar 1.1 -10.08 4.69 Monday to Friday 0:05-24:00
GBPUSD Great Britian Pound vs Us Dollar 0.4 -0.98 0.11 Monday to Friday 0:05-24:00
NZDCAD New Zealand Dollar vs Canadian Dollar 0.6 0.38 -5.27 Monday to Friday 0:05-24:00
NZDCHF New Zealand Dollar vs Swiss Franc 0.7 1.36 -6.14 Monday to Friday 0:05-24:00
NZDJPY New Zealand Dollar vs Japanese Yen 0.6 0.45 -7.93 Monday to Friday 0:05-24:00
NZDUSD New Zealand Dollar vs US Dollar 0.7 0.84 -11.36 Monday to Friday 0:05-24:00
USDCAD US Dollar vs Canadian Dollar 0.9 -0.19 -3.24 Monday to Friday 0:05-24:00
USDCHF US Dollar vs Swiss Franc 0.7 0.15 -17.62 Monday to Friday 0:05-24:00
USDCNH US Dollar vs Chinese Yuan Renminbi 7.9 -10.49 -7.36 Monday to Friday 2:00-23:30
USDJPY US Dollar vs Japanese Yen 0.9 0.13 -0.93 Monday to Friday 0:05-24:00
USDMXN US Dollar vs Mexican Peso 5.7 -38.22 1.302 Monday to Friday 0:05-24:00
USDNOK US Dollar vs Norwegian Kroner 6.5 -4.71 -15.51 Monday to Friday 0:05-24:00
USDPLN US Dollar vs Polish Zloty 4.6 3.57 -16.02 Monday to Friday 0:05-24:00
USDSGD US Dollar vs Singapore Dollar 1.2 -1.2 -3.78 Monday to Friday 0:05-24:00
USDTRY US Dollar vs Turkish Lira 16.5 -42.98 2.46 Monday to Friday 0:05-24:00
USDZAR US Dollar vs South African Rand 28.5 -56.32 3.38 Monday to Friday 0:05-24:00
USDHKD US Dollar vs Hong Kong Dollar 5.2 -5.08 0.19 Monday to Friday 0:00-24:00

Trading time and some Remarks

*First you need to know

To calculate the profit and loss of a foreign exchange order, we must first understand how to calculate the foreign exchange point value pip: all foreign currency pairs can be divided into three categories: forward quoted currency pairs (such as EUR/USD, GBP/USD, etc.), reverse quoted currency pairs (such as USD/JPY, USD/CHF, etc.) and cross-currency pairs (such as GBP/CHF, EUR/JPY, etc.)

1. Currency pair of forward quotation: [pip]= [lot size] * tick size]

"Lot size is the number of contracts per hand; tick size is the number of jumping points, such as EUR/USD, which is 0.00001. For the currency with forward quotation, the value of each point is constant, independent of the current quotation Example: For EUR / USD, lot size is 100,000 and tick size is 0.00001. Point value [pip] = 100000 * 0.00001 = $1"

2. Currency pair of reverse quotation: [pip]= [lot size] * [tick size]/ [current quote]

"For currencies with reverse quotations, the value of each point depends on the current quotation. Example: For USD / JPY, lot size is $100,000 and tick size is 0.001. The quotation is 109.380, [pip] = 100000 * 0.001 / 109.38 $0.914"

3. Point values of cross-currency pairs: [pip]= [lot size] * [tick size] * [base quote]/ [current quote]

"Among them, base quote is the current quotation of the quoted currency against the US dollar. Example: For GBP/CHF, lot size is 100000, tick size is 0.00001, base quote is GBP/USD is 1.26646, current quote is 1.25731, point value is 100000 * 0.00001 * 1.26646 / 1.25731≈1$"

Knowing the point value of the currency pair, let's now calculate the profit and loss of a foreign exchange order.

Foreign Exchange Profit and Loss = Point of Profit and Loss * Point Value * Trading Volume (Positive Fluctuation with Order Direction, Final Positive Value, Otherwise Negative Value) Take USDJPY as an example. We sold 5 empty orders when USDJPY quoted 109.380 and closed the position when the price reached 108.580 (1 basis point value was US$0.914). Profit and loss=[(109.380-108.580) that is 800 basic points] *0.914*5 = 3656 US dollars;"


(Symbol) Description Avg spread Long Short Time
AUDCAD Australian Dollar vs Canadian Dollar 3 0.35 -4.29 Monday to Friday 0:05-24:00
EURJPY Euro vs Japanese Yen 2.4 -2.52 -1.02 Monday to Friday 0:05-24:00
EURUSD Euro vs US Dollar 1.9 -0.86 0.03 Monday to Friday 0:05-24:00
AUDCHF Australian Dollar vs Swiss Franc 2.4 0.43 -4.05 Monday to Friday 0:05-24:00
AUDJPY Australian Dollar vs Japanese Yen 2.3 0.45 -3.86 Monday to Friday 0:05-24:00
AUDNZD Australian Dollar vs New Zealand Dollar 3 -4.28 7.00 Monday to Friday 0:05-24:00
AUDSGD Australian Dollar vs Singapur Dollar 3.1 0.73 -8.5 Monday to Friday 0:05-24:00
AUDUSD Australian Dollar vs US Dollar 2.1 0.12 -0.96 Monday to Friday 0:05-24:00
CADCHF Canadian Dollar vs Swiss Franc 2.4 0.98 -4.22 Monday to Friday 0:05-24:00
CADJPY Canadian Dollar vs Japanese Yen 2.4 -0.6 -3.95 Monday to Friday 0:05-24:00
CHFJPY Swiss Franc vs Japanese Yen 2.5 -3.72 0 Monday to Friday 0:05-24:00
EURAUD Euro vs Ausrtalian Dollar 3.1 -5.2 0.39 Monday to Friday 0:05-24:00
EURCAD Euro vs Canadian Dollar 3.3 -4.32 0.91 Monday to Friday 0:05-24:00
EURCHF Euro vs Swiss Franc 2.4 0 -15.36 Monday to Friday 0:05-24:00
EURGBP Euro vs Great Britian Pound 2.1 -2.52 0 Monday to Friday 0:05-24:00
EURNZD Euro vs New Zealand Dollar 3.3 -12.24 1.3 Monday to Friday 0:05-24:00
GBPAUD Great Britian Pound vs Australian Dollar 3.2 -19.23 -2.76 Monday to Friday 0:05-24:00
GBPCAD Great Britian Pound vs Canadian Dollar 3.3 -8.03 3.85 Monday to Friday 0:05-24:00
GBPCHF Great Britian Pound vs Swiss Franc 2.8 -1.95 -2.4 Monday to Friday 0:05-24:00
GBPJPY Great Britian Pound vs Japanese Yen 2.6 0.21 -1.21 Monday to Friday 0:05-24:00
GBPNZD Great Britian Pound vs New Zealand Dollar 3.6 -10.08 4.69 Monday to Friday 0:05-24:00
GBPUSD Great Britian Pound vs Us Dollar 2.4 -0.98 0.11 Monday to Friday 0:05-24:00
NZDCAD New Zealand Dollar vs Canadian Dollar 2.9 0.38 -5.27 Monday to Friday 0:05-24:00
NZDCHF New Zealand Dollar vs Swiss Franc 2.4 1.36 -6.14 Monday to Friday 0:05-24:00
NZDJPY New Zealand Dollar vs Japanese Yen 2.4 0.45 -7.93 Monday to Friday 0:05-24:00
NZDUSD New Zealand Dollar vs US Dollar 2.4 0.84 -11.36 Monday to Friday 0:05-24:00
USDCAD US Dollar vs Canadian Dollar 3.2 -0.19 -3.24 Monday to Friday 0:05-24:00
USDCHF US Dollar vs Swiss Franc 2.4 0.15 -17.62 Monday to Friday 0:05-24:00
USDCNH US Dollar vs Chinese Yuan Renminbi 19.5 -10.49 -7.36 Monday to Friday 0:05-24:00
USDJPY US Dollar vs Japanese Yen 2.6 0.13 -0.93 Monday to Friday 0:05-24:00
USDMXN US Dollar vs Mexican Peso 9.5 -38.22 1.302 Monday to Friday 0:05-24:00
USDPLN US Dollar vs Polish Zloty 12.5 3.57 -16.02 Monday to Friday 0:05-24:00
USDSGD US Dollar vs Singapore Dollar 3.5 -1.2 -3.78 Monday to Friday 0:05-24:00
USDTRY US Dollar vs Turkish Lira 26 -42.98 2.46 Monday to Friday 0:05-24:00
USDZAR US Dollar vs South African Rand 51.8 -56.32 3.38 Monday to Friday 0:05-24:00

Trading time and some Remarks

*First you need to know

To calculate the profit and loss of a foreign exchange order, we must first understand how to calculate the foreign exchange point value pip: all foreign currency pairs can be divided into three categories: forward quoted currency pairs (such as EUR/USD, GBP/USD, etc.), reverse quoted currency pairs (such as USD/JPY, USD/CHF, etc.) and cross-currency pairs (such as GBP/CHF, EUR/JPY, etc.)

1. Currency pair of forward quotation: [pip]= [lot size] * tick size]

"Lot size is the number of contracts per hand; tick size is the number of jumping points, such as EUR/USD, which is 0.00001. For the currency with forward quotation, the value of each point is constant, independent of the current quotation Example: For EUR / USD, lot size is 100,000 and tick size is 0.00001. Point value [pip] = 100000 * 0.00001 = $1"

2. Currency pair of reverse quotation: [pip]= [lot size] * [tick size]/ [current quote]

"For currencies with reverse quotations, the value of each point depends on the current quotation. Example: For USD / JPY, lot size is $100,000 and tick size is 0.001. The quotation is 109.380, [pip] = 100000 * 0.001 / 109.38 $0.914"

3. Point values of cross-currency pairs: [pip]= [lot size] * [tick size] * [base quote]/ [current quote]

"Among them, base quote is the current quotation of the quoted currency against the US dollar. Example: For GBP/CHF, lot size is 100000, tick size is 0.00001, base quote is GBP/USD is 1.26646, current quote is 1.25731, point value is 100000 * 0.00001 * 1.26646 / 1.25731≈1$"

Knowing the point value of the currency pair, let's now calculate the profit and loss of a foreign exchange order.

Foreign Exchange Profit and Loss = Point of Profit and Loss * Point Value * Trading Volume (Positive Fluctuation with Order Direction, Final Positive Value, Otherwise Negative Value) Take USDJPY as an example. We sold 5 empty orders when USDJPY quoted 109.380 and closed the position when the price reached 108.580 (1 basis point value was US$0.914). Profit and loss=[(109.380-108.580) that is 800 basic points] *0.914*5 = 3656 US dollars;"

Forex Account FAQs

What is forex?
Forex is the abbreviation of international exchange. Foreign exchange is a means of payment for international settlement expressed in foreign currency. Such payment means include credit instruments and securities in foreign currency, such as bank deposits, commercial drafts, bank drafts, bank checks, foreign government treasury bills, and long-term and short-term securities.
What is forex trading?
Where is the foreign exchange market?
What is the trading time of the foreign exchange market?
What is the unit of forex trading?
What does it mean to do more and short in forex trading?
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