CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

Forex definition

A - B - C - D - E - F - H - I - L - M - N - O - P - R - S - T - U - V - W

See all glossary trading terms

Forex is how market participants convert one currency to another. It can variously be referred to as foreign exchange, FX, or currencies.

Forex trading is the world’s biggest financial market, with individual traders, businesses and central banks all taking part in order to speculate for profit, maintain money supply or facilitate international trade. Part of the reason for this is its liquidity: because there is no central exchange for forex, all trades are taken care of over the counter.

Forex is tradable 24 hours a day, and there are few limits to making trades. While most consumers will have undertaken forex trades in order to go on holiday or purchase something abroad, the vast majority of forex trading is undertaken by traders and businesses who are attempting to make a profit.

Visit our forex section

Find out more about forex trading.

Contact us

Our office is open 5 days a week, Sunday to Thursday from 8am to 7pm (Dubai time). Support line is available 24hrs a day, 7 days a week, except for Saturday from 1am to 11am (Dubai time).

+971 (0) 4 559 2108

You can also email us at: helpdesk.ae@ig.com

 

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.