It is also known as FX, Forex is the global market for foreign exchange or currency exchange. It is the largest financial market in the world in terms of daily trading volumes, averaging $6.6 trillion per day, according to the latest specialists from the Bank for International Settlements (BIS).

Forex is a decentralized market, where trading operations do not take place in one place like a stock exchange. Yet, all trading operations are launched over the Internet through a complicated network of different banks in the world. This process is known as Over-the-Counter (OTC) trading.

Currency exchange or currency trading refers to the process of exchanging a currency with another. It is a common financial operation that can be conducted for commercial purposes or speculating on price movements and profit-making- that represents the trading volume.

The forex market is available for 24 hours, five days a week starting from Sunday evening till Friday evening. This is because of the different international time zones that allow you to trade at all hours of the day. There are major trading sessions on these three sites:
• Tokyo (Asian session)
• London (European session)
• New York (North American session)

Primarily, forex trading is the process of exchanging one currency for another. Hence, the forex market currencies are always traded in pairs, where, in the pair, the price of the currency, which is the base currency is shown versus the other, known as the quote currency. Currency pairs use currency acronyms and nations’ names it represents. The process of buying or selling the US dollar versus the euro trades between the dollar currency, and its symbol (USD), and the euro currency, and its symbol (EUR). The currency pair is EUR/USD. The EUR/USD quote lets you know how many US dollars (USD) you need to exchange for one Euro (EUR).

The exchange rate represents the value of one currency versus another. In other words, it is the rate at which one currency is exchanged for another. For example, let’s consider the EUR/USD pair (EUR/USD = 1.2500) as an example. Then, the euro is the base currency and the dollar is the quote currency. As of now, 1 euro equals 1.2500 dollars. The exchange rate represents the value of the quote currency that must be paid to obtain a “unit” of the base currency. An exchange rate rise reflects the rise of the base currency versus the quote currency. Likewise, a fall in the exchange rate reflects the fall of the base currency versus the quote currency. Read more about currency pairs here.

Like any other market, setting prices depends on the volume of supply and demand for a particular currency versus other currencies, which are affected by many economic and political factors called fundamental factors. On top of that, there are also technical factors that are based on the study and analysis of historical price movements using charts and technical indicators.

It refers to the contract for difference. It is a financial instrument that allows the trader to buy and sell, speculating on various financial assets without owning them. It is a trading contract between the trader (you) and the brokerage firm or bank based on the “difference” in the prices of the financial assets. When you trade CFDs, you agree to exchange the difference in the price of the asset from the point at which the contract is opened to the time it is closed. One of the main benefits of trading CFDs is that you can speculate on price movements in either direction, where profit or loss depends on how precise your anticipations are.

There are many advantages that have effectively contributed to the spread of CFD trading. One of them is trading using leverage, which allows opening deals much larger than the capital in the trading account. It also gives the opportunity in making profits, whether in the falling or emerging market in the stock market, for example. Moreover, CFDs allow the buyer to trade a big number of financial assets at minimal costs.

Any Investment of any kind involves a certain amount of risk, yet there are high-risk and low-risk investments. As a matter of fact, the investment risk has direct relativity with the expected returns. Forex trading belongs to the category of high-risk investment. In return, it offers great opportunities for making profits. The secret behind this success lies in a rigorous risk management strategy. Gccmarkets offers a complete set of trading tools that allow the buyer to provide the greatest degree of protection and professionalism in managing transactions.

All you need to do is to open a trading account with Gccmarkets to access many financial markets through the following steps: • Fill out the personal information form and register a new account from here. • You will receive a message to confirm the email address. • Log in to the Gccmarkets platform directly on the Gccmarkets website by clicking on the “Login” icon in the upper right corner of the page. • Through the account management center in the upper left corner, you can complete the account verification procedure, and deposit funds to start trading immidiately.

There is no single answer to this question because determining this amount depends on many variables that differ from one trader to another. The most important one of them are your trading goals and the amount of capital that you can afford to lose without affecting your financial situation. In addition, the trading strategy and risk management applied, and finally the trading conditions provided by the brokerage firm you work with.

Yes, it is possible to start forex trading with $100. Meanwhile, this low amount will greatly limit your trading options and profit potential. Let’s say you managed to make a profit of %10, this means that you won $10. On the other hand, if your account has $10,000, your profit is $1,000. Gccmarkets offers many types of trading account, starting with a minimum of $500 for the Bronze account, while the Gold account allows you to start with a minimum deposit of $10,000, which is the most popular account among traders.

MetaTrader 5 or MT5 is a multi-asset trading platform that allows forex, stocks, and futures trading. It provides exemplary tools for comprehensive technical analysis of price movements, the use of automated trading using software algorithms (trading bots, expert advisors), and copy trading services.

The MetaTrader 5 platform was released in 2010, five years after releasing MetaTrader 4, which was, at that time, the most widely used platform among novice traders and brokerage firms for trading in the Forex market via CFDs. MetaTrader 5 platform has managed to maintain the most important feature, which is the ease of use, in addition to setting up a set of additional leading features, especially charting. Some of the features of MT5 include: – 21 timeframes located on the charts compared to 9 timeframes for MT4.
– 8 additional technical indicators.
– Use of MQL5 for automated trading programming (algorithmic trading), that provides more tools and 20 times faster execution than MQL4 for the MetaTrader 4 platform.
– More trading orders.
– Trade an infinitely larger number of financial assets, while the MT4 platform is specifically designed for trading CFDs for a limited number of forex pairs.
– The possibility of trading real shares on various stock exchanges
– Opening hedging deals
– Economic calendar
Read more: Why the MetaTrader 5 trading platform is the best.

You can download and install the MetaTrader 5 platform from the Gccmarkets website from here. After installing the platform, you can open a demo trading account, or use the data of a real account to enter the platform and start trading.

Yes, one of the most important features of the MetaTrader 5 platform is the extreme simplicity of the user interface. It allows any trader, regardless of his experience in the market, to use it almost directly without any need to specify time and effort to learn and get accustomed to it. It also has a copy trades service, which enables novice traders to follow and copy successful professionals traders. The well-known MetaTrader platform has a large active user base and forms a strong community that provides plenty of answers and solutions for all kinds of problems that a novice trader might encounter.

It depends on the brokerage firm that you are dealing with, the type of assets, and the financial markets on which you provide trading services. You can trade all CFDs for currency pairs (Forex), global and Arabic stocks, indices, commodities, cryptocurrencies and ETFs on Gccmarkets’s MetaTrader 5 platform.

Yes, you can login to your MT5 trading account from different computers at the same time. This also includes using the MT4 platform application on both Android and iOS.

Unfortunately, you can’t. You need to download and log in to the same platform that you initially opened a trading account on.

No, the automated trading programs on the MetaTrader 4 platform, known as the Trading Expert, are coded using the MQL4 language. It is a completely different language and not compatible with the MQL5 programming language used on the MetaTrader 5 platform despite of the great similarity in the name. In order to automate the same trading strategy on the MetaTrader 5 platform, it must be reprogrammed from scratch by a professional MQL5 programmer.

To get the full report of your MT5 trading history, click on the History window in the list of windows displayed at the bottom of the platform. Inside the History window, right-click on the report and then click on Report from the menu. Finally, you can save the account statement report as an XML file, which can be opened in Excel. Alternatively, you can save it as an HTML file, which you can open on a web browser.

Sure, you can open and manage several accounts on the MetaTrader 5 platform, but you have access to one trading account at the same time on the same trading platform. The accounts used are stored and displayed in the Navigator window (CTL+N) where you can switch between them, where they are categorized based on their type (real or demo accounts) and the name of the server they are opened on. If you want to log into more than one account at the same time, you will need to install more than one platform in different files on your computer.