Forex
The forex market has a daily turnover of several trillion dollars,
making it the world's largest trading market
Forex Facts
- 24-hour continuous trading
- Fair and transparent
- High liquidity
- Two-way trading
- Rich trading varieties
- 400:1 leverage
- Minimum transaction 0.01 lots
Horseforex aggregates quotes from more than 50 banks around the world, with spreads as low as zero, allowing traders to experience the same depth of liquidity and spreads as many of the world's largest banks and financial institutions.
Horseforex benefited from the cooperation of a number of top liquidity providers and Metatrade's bridging technology, with a combination of order-driven and quotation-driven hybrid trading mechanism, ensuring no delays in order transactions and fast executions.
Forex Trading Spreads / Conditions
| (Symbol) | Description | Avg spread | Long | Short | Time |
|---|---|---|---|---|---|
| AUDCAD | Australian Dollar vs Canadian Dollar | 0.6 | 0.35 | -4.29 | Monday to Friday 0:05-23:59 |
| EURJPY | Euro vs Japanese Yen | 0.7 | -2.51 | -1.01 | Monday to Friday 0:05-23:59 |
| EURUSD | Euro vs US Dollar | 0.2 | -1.15 | 0.025 | Monday to Friday 0:05-23:59 |
| AUDCHF | Australian Dollar vs Swiss Franc | 0.6 | 0.43 | -4.05 | Monday to Friday 0:05-23:59 |
| AUDJPY | Australian Dollar vs Japanese Yen | 0.6 | 0.45 | -3.86 | Monday to Friday 0:05-23:59 |
| AUDNZD | Australian Dollar vs New Zealand Dollar | 0.9 | -4.28 | 0.07 | Monday to Friday 0:05-23:59 |
| AUDSGD | Australian Dollar vs Singapur Dollar | 0.8 | -1.2 | -3.78 | Monday to Friday 0:05-23:59 |
| AUDUSD | Australian Dollar vs US Dollar | 0.4 | 0.12 | -0.96 | Monday to Friday 0:05-23:59 |
| CADCHF | Canadian Dollar vs Swiss Franc | 0.7 | 0.98 | -4.22 | Monday to Friday 0:05-23:59 |
| CADJPY | Canadian Dollar vs Japanese Yen | 0.7 | -0.6 | -3.959 | Monday to Friday 0:05-23:59 |
| CHFJPY | Swiss Franc vs Japanese Yen | 0.7 | -3.72 | 0 | Monday to Friday 0:05-23:59 |
| EURAUD | Euro vs Ausrtalian Dollar | 0.7 | -5.2 | 0.39 | Monday to Friday 0:05-23:59 |
| EURCAD | Euro vs Canadian Dollar | 1 | -4.32 | 0.91 | Monday to Friday 0:05-23:59 |
| EURCHF | Euro vs Swiss Franc | 0.6 | 0 | -6.36 | Monday to Friday 0:05-23:59 |
| EURGBP | Euro vs Great Britian Pound | 0.6 | -2.52 | 0 | Monday to Friday 0:05-23:59 |
| EURNZD | Euro vs New Zealand Dollar | 1 | -11.23 | 1.889 | Monday to Friday 0:05-23:59 |
| GBPAUD | Great Britian Pound vs Australian Dollar | 1.2 | -19.23 | -2.76 | Monday to Friday 0:05-23:59 |
| GBPCAD | Great Britian Pound vs Canadian Dollar | 1.1 | -8.04 | 3.85 | Monday to Friday 0:05-23:59 |
| GBPCHF | Great Britian Pound vs Swiss Franc | 1.4 | -1.95 | -2.4 | Monday to Friday 0:05-23:59 |
| GBPJPY | Great Britian Pound vs Japanese Yen | 0.7 | 0.2 | -2.33 | Monday to Friday 0:05-23:59 |
| GBPNZD | Great Britian Pound vs New Zealand Dollar | 1.1 | -10.08 | 4.69 | Monday to Friday 0:05-23:59 |
| GBPUSD | Great Britian Pound vs Us Dollar | 0.4 | -0.98 | 0.11 | Monday to Friday 0:05-23:59 |
| NZDCAD | New Zealand Dollar vs Canadian Dollar | 0.6 | 0.38 | -5.27 | Monday to Friday 0:05-23:59 |
| NZDCHF | New Zealand Dollar vs Swiss Franc | 0.7 | 1.36 | -6.14 | Monday to Friday 0:05-23:59 |
| NZDJPY | New Zealand Dollar vs Japanese Yen | 0.6 | 0.45 | -7.93 | Monday to Friday 0:05-23:59 |
| NZDUSD | New Zealand Dollar vs US Dollar | 0.7 | 0.84 | -11.36 | Monday to Friday 0:05-23:59 |
| USDCAD | US Dollar vs Canadian Dollar | 0.9 | -0.19 | -3.24 | Monday to Friday 0:05-23:59 |
| USDCHF | US Dollar vs Swiss Franc | 0.7 | 0.15 | -17.62 | Monday to Friday 0:05-23:59 |
| USDCNH | US Dollar vs Chinese Yuan Renminbi | 7.9 | -10.49 | -7.36 | Monday to Friday 2:00-23:30 |
| USDJPY | US Dollar vs Japanese Yen | 0.9 | 0.1 | -0.193 | Monday to Friday 0:05-23:59 |
| USDMXN | US Dollar vs Mexican Peso | 5.7 | -38.22 | 1.302 | Monday to Friday 0:05-23:59 |
| USDNOK | US Dollar vs Norwegian Kroner | 6.5 | -4.71 | -15.51 | Monday to Friday 0:05-23:59 |
| USDPLN | US Dollar vs Polish Zloty | 4.6 | 3.57 | -16.02 | Monday to Friday 0:05-23:59 |
| USDSGD | US Dollar vs Singapore Dollar | 1.2 | -1.2 | -3.78 | Monday to Friday 0:05-23:59 |
| USDTRY | US Dollar vs Turkish Lira | 16.5 | -42.98 | 2.46 | Monday to Friday 0:05-23:59 |
| USDZAR | US Dollar vs South African Rand | 28.5 | -56.32 | 3.38 | Monday to Friday 0:05-23:59 |
| USDHKD | US Dollar vs Hong Kong Dollar | 5.2 | -5.088 | 0.196 | Monday to Friday 0:00-23:59 |
Trading time and some Remarks
*First you need to know
To calculate the profit and loss of a foreign exchange order, we must first understand how to calculate the foreign exchange point value pip: all foreign currency pairs can be divided into three categories: forward quoted currency pairs (such as EUR/USD, GBP/USD, etc.), reverse quoted currency pairs (such as USD/JPY, USD/CHF, etc.) and cross-currency pairs (such as GBP/CHF, EUR/JPY, etc.)
1. Currency pair of forward quotation: [pip]= [lot size] * tick size]
"Lot size is the number of contracts per hand; tick size is the number of jumping points, such as EUR/USD, which is 0.00001. For the currency with forward quotation, the value of each point is constant, independent of the current quotation Example: For EUR / USD, lot size is 100,000 and tick size is 0.00001. Point value [pip] = 100000 * 0.00001 = $1"
2. Currency pair of reverse quotation: [pip]= [lot size] * [tick size]/ [current quote]
"For currencies with reverse quotations, the value of each point depends on the current quotation. Example: For USD / JPY, lot size is $100,000 and tick size is 0.001. The quotation is 109.380, [pip] = 100000 * 0.001 / 109.38 $0.914"
3. Point values of cross-currency pairs: [pip]= [lot size] * [tick size] * [base quote]/ [current quote]
"Among them, base quote is the current quotation of the quoted currency against the US dollar. Example: For GBP/CHF, lot size is 100000, tick size is 0.00001, base quote is GBP/USD is 1.26646, current quote is 1.25731, point value is 100000 * 0.00001 * 1.26646 / 1.25731≈1$"
Knowing the point value of the currency pair, let's now calculate the profit and loss of a foreign exchange order.
Foreign Exchange Profit and Loss = Point of Profit and Loss * Point Value * Trading Volume (Positive Fluctuation with Order Direction, Final Positive Value, Otherwise Negative Value) Take USDJPY as an example. We sold 5 empty orders when USDJPY quoted 109.380 and closed the position when the price reached 108.580 (1 basis point value was US$0.914). Profit and loss=[(109.380-108.580) that is 800 basic points] *0.914*5 = 3656 US dollars;"
| (Symbol) | Description | Avg spread | Long | Short | Time |
|---|---|---|---|---|---|
| AUDCAD | Australian Dollar vs Canadian Dollar | 3.0 | 0.35 | -4.29 | Monday to Friday 0:05-24:00 |
| EURJPY | Euro vs Japanese Yen | 2.4 | -2.52 | -1.02 | Monday to Friday 0:05-24:00 |
| EURUSD | Euro vs US Dollar | 1.9 | -0.86 | 0.03 | Monday to Friday 0:05-24:00 |
| AUDCHF | Australian Dollar vs Swiss Franc | 2.4 | 0.43 | -4.05 | Monday to Friday 0:05-24:00 |
| AUDJPY | Australian Dollar vs Japanese Yen | 2.3 | 0.45 | -3.86 | Monday to Friday 0:05-24:00 |
| AUDNZD | Australian Dollar vs New Zealand Dollar | 3.0 | -4.28 | 0.07 | Monday to Friday 0:05-24:00 |
| AUDSGD | Australian Dollar vs Singapur Dollar | 3.1 | 0.735 | -8.5 | Monday to Friday 0:05-24:00 |
| AUDUSD | Australian Dollar vs US Dollar | 2.1 | 0.12 | -0.96 | Monday to Friday 0:05-24:00 |
| CADCHF | Canadian Dollar vs Swiss Franc | 2.4 | 0.98 | -4.22 | Monday to Friday 0:05-24:00 |
| CADJPY | Canadian Dollar vs Japanese Yen | 2.4 | -0.6 | -3.959 | Monday to Friday 0:05-24:00 |
| CHFJPY | Swiss Franc vs Japanese Yen | 2.5 | -3.72 | 0 | Monday to Friday 0:05-24:00 |
| EURAUD | Euro vs Ausrtalian Dollar | 3.1 | -5.2 | 0.39 | Monday to Friday 0:05-24:00 |
| EURCAD | Euro vs Canadian Dollar | 3.3 | -4.32 | 0.91 | Monday to Friday 0:05-24:00 |
| EURCHF | Euro vs Swiss Franc | 2.4 | 0 | -15.36 | Monday to Friday 0:05-24:00 |
| EURGBP | Euro vs Great Britian Pound | 2.1 | -2.52 | 0 | Monday to Friday 0:05-24:00 |
| EURNZD | Euro vs New Zealand Dollar | 3.3 | -12.24 | 1.3 | Monday to Friday 0:05-24:00 |
| GBPAUD | Great Britian Pound vs Australian Dollar | 3.2 | -19.23 | -2.76 | Monday to Friday 0:05-24:00 |
| GBPCAD | Great Britian Pound vs Canadian Dollar | 3.3 | -8.04 | 3.85 | Monday to Friday 0:05-24:00 |
| GBPCHF | Great Britian Pound vs Swiss Franc | 2.8 | -1.95 | -2.4 | Monday to Friday 0:05-24:00 |
| GBPJPY | Great Britian Pound vs Japanese Yen | 2.6 | 0.21 | -1.21 | Monday to Friday 0:05-24:00 |
| GBPNZD | Great Britian Pound vs New Zealand Dollar | 3.6 | -10.08 | 4.69 | Monday to Friday 0:05-24:00 |
| GBPUSD | Great Britian Pound vs Us Dollar | 2.4 | -0.98 | 0.11 | Monday to Friday 0:05-24:00 |
| NZDCAD | New Zealand Dollar vs Canadian Dollar | 2.9 | 0.38 | -5.27 | Monday to Friday 0:05-24:00 |
| NZDCHF | New Zealand Dollar vs Swiss Franc | 2.4 | 1.36 | -6.14 | Monday to Friday 0:05-24:00 |
| NZDJPY | New Zealand Dollar vs Japanese Yen | 2.4 | 0.45 | -7.93 | Monday to Friday 0:05-24:00 |
| NZDUSD | New Zealand Dollar vs US Dollar | 2.4 | 0.84 | -11.36 | Monday to Friday 0:05-24:00 |
| USDCAD | US Dollar vs Canadian Dollar | 3.2 | -0.19 | -3.24 | Monday to Friday 0:05-24:00 |
| USDCHF | US Dollar vs Swiss Franc | 2.4 | 0.15 | -17.62 | Monday to Friday 0:05-24:00 |
| USDCNH | US Dollar vs Chinese Yuan Renminbi | 19.5 | -10.49 | -7.36 | Monday to Friday 0:05-24:00 |
| USDJPY | US Dollar vs Japanese Yen | 2.6 | 0.13 | -0.93 | Monday to Friday 0:05-24:00 |
| USDMXN | US Dollar vs Mexican Peso | 9.5 | -38.2268 | 1.302 | Monday to Friday 0:05-24:00 |
| USDPLN | US Dollar vs Polish Zloty | 12.5 | 3.57 | -16.02 | Monday to Friday 0:05-24:00 |
| USDSGD | US Dollar vs Singapore Dollar | 3.5 | -1.2 | -3.78 | Monday to Friday 0:05-24:00 |
| USDTRY | US Dollar vs Turkish Lira | 26.0 | -42.98 | 2.46 | Monday to Friday 0:05-24:00 |
| USDZAR | US Dollar vs South African Rand | 51.8 | -56.32 | 3.38 | Monday to Friday 0:05-24:00 |
Trading time and some Remarks
*First you need to know
To calculate the profit and loss of a foreign exchange order, we must first understand how to calculate the foreign exchange point value pip: all foreign currency pairs can be divided into three categories: forward quoted currency pairs (such as EUR/USD, GBP/USD, etc.), reverse quoted currency pairs (such as USD/JPY, USD/CHF, etc.) and cross-currency pairs (such as GBP/CHF, EUR/JPY, etc.)
1. Currency pair of forward quotation: [pip]= [lot size] * tick size]
"Lot size is the number of contracts per hand; tick size is the number of jumping points, such as EUR/USD, which is 0.00001. For the currency with forward quotation, the value of each point is constant, independent of the current quotation Example: For EUR / USD, lot size is 100,000 and tick size is 0.00001. Point value [pip] = 100000 * 0.00001 = $1"
2. Currency pair of reverse quotation: [pip]= [lot size] * [tick size]/ [current quote]
"For currencies with reverse quotations, the value of each point depends on the current quotation. Example: For USD / JPY, lot size is $100,000 and tick size is 0.001. The quotation is 109.380, [pip] = 100000 * 0.001 / 109.38 $0.914"
3. Point values of cross-currency pairs: [pip]= [lot size] * [tick size] * [base quote]/ [current quote]
"Among them, base quote is the current quotation of the quoted currency against the US dollar. Example: For GBP/CHF, lot size is 100000, tick size is 0.00001, base quote is GBP/USD is 1.26646, current quote is 1.25731, point value is 100000 * 0.00001 * 1.26646 / 1.25731≈1$"
Knowing the point value of the currency pair, let's now calculate the profit and loss of a foreign exchange order.
Foreign Exchange Profit and Loss = Point of Profit and Loss * Point Value * Trading Volume (Positive Fluctuation with Order Direction, Final Positive Value, Otherwise Negative Value) Take USDJPY as an example. We sold 5 empty orders when USDJPY quoted 109.380 and closed the position when the price reached 108.580 (1 basis point value was US$0.914). Profit and loss=[(109.380-108.580) that is 800 basic points] *0.914*5 = 3656 US dollars;"
