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Personal Institutional Group. Log in. Home Learn Learn forex trading FX spot trading. What is FX spot trading and how can I do it? See inside our platform.

Start trading Includes free demo account. Quick link to content:. What is spot FX? What is a forex FX spot contract? What are the benefits of trading spot FX? Cash markets are heavily traded and typically have the tightest spreads, compared with forwards or futures markets. FX spot positions can sometimes benefit from overnight credits if the currency held has a higher interest rate than the currency sold. If the UK has a higher interest rate than the US, you may receive a small credit into your account each day 5 pm EST based on the interest rate differential.

If you own the lower interest rate currency in the pair, you need to pay the interest rate differential each day. Unlike futures or forward contracts, there are no expiry dates on spot positions. On the other hand, futures and forwards charts may only show several months of price action. How are our cash instruments similar to spot FX?

Start with a live account Start with a demo. How to trade on spot FX markets. Open an account and choose whether you want to spread bet or trade CFDs. If you want to practise first risk-free with virtual funds, you can open a demo account. Learn some FX spot trading strategies. Some traders trade the news , while others trade off of fundamental or technical analysis. Click the bid or ask price to sell or buy. These are located in the upper right corner of a chart.

Enter the price you want to buy or sell at and place risk-management controls if you wish to do so. What spot FX markets do we offer? Instrument Spread Holding cost Buy Holding cost Sell Margin rate - - - - 3. View all of our costs. Trade on spot FX with virtual funds. Open a demo account Learn more. FAQ What is FX spot futures arbitrage? FCA regulated. Segregated funds. Breakouts occur when security breaks out of a trend and creates a new trend. The 8-hour chart shows this type of breakout.

A breakout can be defined as a sign that the price is moving in the direction of the actual trend. If you look at an 8-hour chart, you can see that the higher highs are signalling that there is some type of breakout. You can also see that as the high falls lower, there will be more lows below until it reaches its lowest level.

The 8-hour chart provides great insight into whether an investor wants to enter or exit any given trade or investment opportunity. Once you have identified a trend, you can easily spot when an opportunity will create a new trend and when an opportunity will create another trend.

When the 8-hour chart shows higher highs and higher lows, the trend is intact. When the 8-hour chart shows the same highs and lows, the trend has been broken. When the trend is broken, the 8-hour chart shows a series of higher highs and higher lows. This is your signal to buy. When the 8-hour chart shows a series of higher highs and higher lows, the trend has been broken.

The trick is to buy as close to the break as possible. Ideally, you want to enter the market at the exact moment when the trend is broken. This will ensure that you catch the trend at its earliest stage. When trading with the 8-hour chart strategy, you should open a position as close to the break as possible and place a stop loss just below the trend break.

When it comes to exit, you have two options. You can either close the trade after the trend retraces to the break, or you can hold the trade until the trend ends. Closing the trade after the trend retraces to the break is a safer exit strategy, but it also limits your profit potential. Holding the trade until the trend ends will allow you to capture a larger profit, but it also comes with larger risk. When trading with the 8-hour chart strategy, you should exit the trade after the trend retraces to the break.

The 8-hour chart strategy is a trend trading strategy that uses the 8-hour chart to find high-probability trading opportunities. This strategy looks for trends in the forex markets and then uses the 8-hour chart to find areas where the trend has been broken, but the trend has not yet been fully retracted. Share the following link to refer others to this page using our affiliate referral program. CONTINUE TO SITE. Share this page! Academy Home.

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Now, you have learnt everything you need to know to be a great hunter, it is time for the grand finale.

SPOT FOREX, that untamable beast that sucks poor traders accounts dry, and succumbs them to despair, agony and depression. Their strategies were perfect, they money management top notch, their indicators state of the art, they had digested all the possible info in the world, but still the beast got them and yet another trader bites the dust.

It can lose dogs trailing it, surprise hunters with sudden moves and appearances without ever giving a direct line of fire. Most hunters I talk to tell me that the only way to get a trophy brown bear is to become part of the forest, part of the surrounding nature, silent and unnoticeable, make yourself so humble that you become the moss on the ground, bark on the pine, a falling leaf in the cold autumn morning.

Wait for your moment, you know the king of the forest walks this same path every morning, it is its territory, it has nothing to fear, nothing to suspect. Then it appears, spot on the exact time it does every morning. It stops to sniff that same tree, 30 yards and its chest and heart turned at you.

Raise your bow, and fire. Few graceful steps and its heart stops beating. The trophy is yours. Others will start to consider you a threat to their hobby, a threat to their existence. The forest will abandon you, you betrayed it, and you raise yourself above everyone and everything when you should have stayed humble. Now, everyone and everything know you, how you hunt and where you hunt. Now they are all after you. Everyone wants to make a million bucks. They simply use 3 simple rules:.

Wait till they start their rattle right after London open, watch them take out the poor bastards, disguise your positions among theirs and start exiting when they start. If this strategy should have a name, call it the Breakout. Chart 1: Draw a rectangle between 5 and 7 GMT. The upper side of the rectangle has to be at the level of the above mentioned period high, and vice versa for the down side. Now, draw 2 other horizontal lines 5 pips above and below your existing lines.

Then calculate 15 pips above and below those new horizontal lines, and redraw 2 more horizontal lines. Now, draw a rectangle between those 2 previously drawn horizontal lines, and remove the lines to make your chart look nice. Your chart will now look like this:. Use only manual entry and preset Take Profit, and when you get the touch you may use pending orders. When I trade on my personal account, I use Tradersway and Dukascopy. They are both ECN brokers with very low spreads, and high enough leverage available to make trading interesting.

Tradersway is currently offering a ECN account opening for 10 USD only, and even the regular lowest deposit is dollars or euros or pounds. The key to very profitable trading and especially learning is to begin with a small bank, and use maximum leverage and lot size. Some will argue that making a million dollars is impossible, but the sad fact is that with a starting balance of dollars, you will need only pips to turn that buck to 1 million.

It is totally doable. The only problem will be the trader themselves and their mind starting to play tricks on them. There probably exists an MT4 indicator for the method I described above, but I still prefer to draw everything by hand every morning. But here we use the Fibonacci levels as guidance on price movement.

The basic idea is to capture 15 pips from each price cycle from channel high to channel low. Also, the regression channel indicator repaints, so we use the Fibonacci levels to avoid keeping our position for too long. The order of setting up your chart for day trading is to draw the first Fibonacci on a daily chart for last month, between the high and low.

Then move to 1 hour chart and draw your Fibonacci for last week. Under the parameters change the color of the lines to be able to identify them easily.

The price will respect those levels as these levels are also used by the big players Smart Money. Now, you have pocketed your daily 15 pips from the London open. Now watch the chart closely and draw your cycle Fibos as the cycles happen. Very often the cycle will run between 2 weekly or monthly Fibonacci levels. The regression channel will show you the extremities of the cycles, and use it to identify the entry zone for your trade.

Now use your cycle Fibonacci level When the price hits this level and all indicators line up, place a pending order pips in the direction of the reversal and Take Profit pips depending on the length of the last cycle and your appetite for risk.

There are days when the Smart Money just piles up orders, especially during earnings season. This is a golden opportunity for you, as the price cycles can reach 50 pips in a short period of time. If you wanna play it safe, wait until the smart money run is over watch those weekly and monthly Fibonacci levels , and then start your day trading exercise.

Also, it goes without saying that be well aware of news releases and politics, as a sudden political event can trigger huge orders from clients and makes the smart money enter the market to profit from retail traders. As a friend of mine who is a great trader has said many times: A good binary options trader will make a great forex trader. But like all beasts, it has a weakness. Remember what I wrote on the second page? How does the market work? Your chart will now look like this: Use only manual entry and preset Take Profit, and when you get the touch you may use pending orders.

Then only you will learn to detect the traps on the chart. Further reading Top Forex Brokers The differences between spot forex and binary options trading.

Day trading strategies are common among Forex trading strategies for beginners. The orders placed above and below the set price subsequently create a grid of orders. Open a demo account Learn more. When the 8-hour chart shows a series of higher highs and higher lows, the trend has been broken. For that, traders use foreign exchange trading strategies. All factors of financial instruments, strategies and markets should be considered before jumping into the forex trade.

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