The best time to trade equities, currencies and futures is unique to each product. Periods of enhanced market participation often create optimal liquidity and volatility.
How to start trading Forex with FXCM
How do you make money trading Forex?
How to calculate your Forex profits?
The beauty of forex trading is that quantifying profit is straightforward because expenses are limited, and gains and losses are easily accounted for.
Software suites such as Trading Station and MetaTrader 4 calculate gains and losses on a pip-by-pip basis. As the market moves, your account balance is updated automatically. You can also use our the Profit Calculator to work out your P&L. Whichever platform you use to trade with us, you can clearly see figures for trading costs and P&L.
When choosing your trade size, you can use the Pip Calculator to give you an accurate figure for how much you are prepared to risk on any given trade. It's also a good idea to know how the trade you're planning to take might affect your margin. For that, you can use our Margin Calculator. If the trade size looks too big for your available margin, you can shave a bit off and take a smaller trade.
Another useful tool is the Pivot Point Calculator. It's a simple tool that enables you to determine potential support and resistance levels and the direction of a prevailing trend. Combining this with the other tools just referred to, you quickly have an accurate picture of your potential gains and losses before you take a trade.
Forex Education for Beginners
New to FXCM?
Is there any fee to open an FXCM account?
No, there are no fees associated with opening an account with FXCM. However, you would need to make a deposit via one of the accepted payment methods, in order to place trades within your account.
Is FXCM regulated by the FCA?
Yes, Forex Capital Markets Limited ("FXCM") is authorized and regulated with the Financial Conduct Authority (FCA) of the United Kingdom. Registration Number 217689.At FXCM, we adhere to the high regulatory standards and the security of your funds is our top priority. All retail client funds are housed in segregated accounts at top global banks. In addition, we commit to full transparency so you understand our financial strength.
How can I contact FXCM?
You could contact our team of highly trained professionals 24 hours a day, 5 days a week.
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PHONE: +44 20 7398 4050
TOLL FREE: 08082348789
How much money do you need to get started?
If this is your initial deposit, the minimum to open an Individual account is 50 CCY*. The minimum to open a Corporate, Trust, or IRA account is 50,000.00 CCY. If this is not your first deposit, the minimum deposit by card is 50 CCY.There is no minimum for deposits by Wire.*CCY: Abbreviation of currency.
How do you make money with Forex trading?
Forex trading profits are not limited only to buying low and selling high. You are able to make money from being either long or short a specific market, increasing the number of potential trading opportunities exponentially. Whether your outlook on a currency is bullish or bearish, you have the ability to capitalise upon the idea. Please note there is no guarantee that trading will result in profits or not result in losses.
How to calculate your Forex profit?
As it pertains to any business ― active trading or otherwise ― profit is the difference between gains and losses minus operating expenses. The beauty of forex trading is that quantifying profit is straightforward because expenses are limited, and gains and losses are easily accounted for. Fortunately, figuring P&L doesn't have to be an exhaustive task. All you need is your account currency, pair, trade size and opening/closing prices—the Profit Calculator does the rest. With FXCM, you will always know your P&L, freeing up time for active trading.