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Forex Trading Basics

How to Start Trading on FXTrade

Foreign exchange (or forex or FX) is the buying or selling of one currency against another currency at current exchange rates. You place an order to buy or sell.

Buying and Selling
In forex trading, you either buy (go long) or sell (go short).
Exchange Rates and Spreads
Forex trading is based on exchange rates, and the cost of trading is the spread.
Placing Orders
Trade forex by placing market or limit orders.
How to Calculate a Profit or Loss
Some calculations illustrating how forex orders lead to profit or loss over time.
Margin Calculations
Find out how to calculate margin and margin calls.
Currency Hedging Primer
Compare currency hedging strategies, including carry spot trading using OANDA FXTrade.
Interest Rate Calculation
Find out how interest rates are charged or paid for account balances and open trades.