The Forex market is the most popular financial market in the world, and the most liquid.
At Core Spreads, we offer award-winning value across our Forex pairs thanks to our tight, fixed spreads, which includes the ever-popular EUR/USD pair at a competitive 0.6pts on our CoreTrader2 platform. With over 30 pairs to trade in (you can find them all listed below), you’re sure to find the market to suit your trading portfolio.
Also, did you know that, under current UK tax law, spread betting is exempt from Capital Gains Tax?*
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At Core Spreads, you can trade over 30 of the most popular currency pairs available in the Forex market. This includes the top three traded pairs: EUR/USD, USD/JPY and EUR/GBP. Below, you can see all of our currency pairs, along with their current Bid and Offer price, and their fixed spread. Please note that our tight, fixed spreads only available on our CoreTrader 2 platform.
How to trade Forex on the CoreTrader platform
When you buy a Forex pair via a spread bet, you’re making the assumption that the currency pair’s price is heading up. As long as the pair’s value goes up (remember ‘going long’ from our keyword breakdown?), you’ll be making a profit. Did you know that, under current UK tax law, spread betting is exempt from Capital Gains Tax?*
However, if the value of the pair decreases, you’ll be losing money. In spread betting, you’re trading in whatever your account currency denomination is per point, so if you have an account based in GBP, you trade ‘pounds per point’.
Now you know how to trade on our CoreTrader platform. Remember, trading Forex is a volatile pastime, so you’ll need to review your open positions frequently to keep on top of your currency pairs. It’s good to know, though, that spread betting is exempt from Capital Gains under current UK tax law.**
**Tax laws are subject to change and depend on individual circumstances.
How to trade Forex on the MetaTrader 4 platform
If you choose to trade Forex through CFDs, you’ll be speculating on the markets again. However, in this form of trading, your P&L will be in the second currency pair, and then converted back to your account currency.
With this method, you’re trading using the unit of the base currency – go back to the keywords if you need a reminder.
We’ve now covered the basics of how to trade Forex on the CoreTrader and MT4 platforms – you’re now able to open a position for both spread bets and CFDs. Please be aware that our award-winning tight, fixed spreads are only offered on our CoreTrader2 trading platform.
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If you're still not sure, you can always try our demo accounts
Need to refresh your Forex knowledge? Use the link below.
To help you get the most out of your Forex trading experience, and to help you pick the currency pair that’s right for you, we’ve compiled some fun factoids about the most popular currencies in the Forex market:
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Put the facts to the test - try a demo account first
Hopefully by now you’ll have a better idea of what the Forex market is and the currencies that you can trade there. If you need a refresh on anything we’ve already covered, please use the link below.