Forex Trading

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What is Forex Trading?

24 hours a day, 5 days a week – the foreign exchange (forex) market is the largest and most liquid market globally, with an average daily trading volume of $6.6 trillion. Forex trading is the process of exchanging one currency for another, or in other words the possibility to sell one currency to buy another.

How Does Forex Trading Work?

Harness Volatility in the World’s most Traded Market

Forex trading is the mechanism through which one currency is exchanged for another or the possibility of selling one currency for another. There are two factors that distinguish the foreign exchange market from the other financial markets:

1 FX pairs can be traded with a relatively small lot sizes – as small as one micro lot in some cases.

2 Typically, forex also involves leverage, sometimes as high as 1:500.

Why Trade Forex with Sage FX?

Get Ahead With a Client-First Broker

Our mission is to create the best trading experience. Trading with Sage FX enables our users to benefit from:

Award-winning technology to trade anywhere, anytime.

Quick and easy setup.

Friendly, expert support 24/7.

Peace of mind.

FX Majors

AUD/USD

The abbreviation for the Australian dollar and the US dollar, this currency is the fourth most traded currency globally. With AUD serving a relatively small economy and USD holding the status of chief reserve asset, the pair offers traders a multitude of opportunities.

EUR/USD

Representing a combination of two of the world's biggest economies EUR/USD has become one of the most sought after pairs in the forex market. It will be affected by fluctuations in both markets but as the base currency in this instance is the euro, its value will always be 1.

GBP/USD

Another popular choice among traders, GBP/USD is one of the longest serving forex pairs. Traders may see this pair being referred to as the "cable" and is often positively correlated with EUR/USD but negatively correlated with USD/CHF.

GBP/JPY

GBP/JPY is known to be a “carry currency cross” meaning a cross that is a vehicle for carry trading (one of the most popular forex trading strategies). The relationship between the two is long-established but can still be complex.

NZD/USD

Also known as the "Kiwi", NZD/USD measures the amount of US dollars (quote currency) that is needed to buy 1 New Zealand dollar (base currency). NZD is a commodity currency meaning a currency whose country's exports are heavily dependent on raw materials.

USD/CHF

With Switzerland renowned for its stable political and financial position, the CHF (Swiss Franc) is often viewed as a safe haven. These two currencies are well known in the trading world albeit for different reasons. Trading the USD/CHF currency pair is also known as trading the "Swissie".

USD/JPY

An abbreviation of the US dollar and Japanese Yen, USD/JPY tends to have a positive correlation with the USD/CHF and USD/CAD, all of which have USD as the base currency. This FX pair is often known as the "gopher".

USD/CAD

USD/CAD or the "Loonie" represents the two dollars that dictate the North American continent, the US and the Canadian. Another one of the commodity currencies, CAD is heavily impacted by commodity fluctuations, in particular oil.

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Forex Trading

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