Forex Trading with Friedberg Direct powered by AvaTrade Technology
Learn more about how Forex trading works, study trading tactics, how you can harness this financial instrument to benefit your portfolio and why Friedberg Direct is a leading online broker where you can do all of those things!
Online Forex Trading
Foreign Exchange trading, also known as Forex or FX trading, has gained enormous popularity in recent years among layman individuals due to the growth of online brokers and the technological development of online trading platforms. With high liquidity, non-stop opening hours 5 days a week, and great opportunities, it is no wonder that the forex market is the world’s most traded market with a global forex market daily trading volumes of US$7.5 trillion (CAD$10.2 trillion) in April 2022.
How to Calculate the Cost of a Forex Trading Position?
When a trader opens a position at Friedberg Direct, he is not charged any other commissions beside the spread. The spread is the difference between the buy and sell price which is counted in pips – the fourth digit after the dot. For example if the buy price of EURUSD is 1.1123 and the sell price is 1.1120, then the spread is 3 pips. The spread charged for a position opened by a trader is the spread multiplied by the size of the position.
Friedberg Direct’s clients can choose between trading forex with fixed spread versus trading with floating spreads, which are flexible and changing. Friedberg Direct offers spreads from as low as 0.8 pips.
Range of Markets
Friedberg Direct provides its traders with the ability to trade over +50 Forex pairs, including all the major currency pairs, minors and exotics.
For more information regarding leverage and spreads for all forex pairs offered by Friedberg Direct, please take a look at our trading Trading Conditions & Charges.
Forex Trading Platforms by AvaTrade
WebTrader - WebTrader is an award-winning proprietary platform that requires no download. It is user-friendly and intuitive and a favourite of many AvaTrade traders.
MetaTrader 4- Arguably the most popular trading platform, MetaTrader 4 creates a powerful and flexible trading environment. It is suitable for beginners and advanced traders and offers automated trading through Expert Advisors and a selection of order types.
MetaTrader 5 - Arguably the most popular trading platform, MetaTrader 4 creates a powerful and flexible trading environment. It is suitable for beginners and advanced traders and offers automated trading through Expert Advisors and a selection of order types.
AvaOptions -Express your market view with calls and puts, and use our embedded tools to maximise your return when you trade Vanilla Options with AvaTrade.
Mac Trading - Mac users can trade with the MetaTrader4 Mac version, which has been optimised for the Mac interface. They can also use WebTrader
Why Trade Forex with Friedberg Direct?
- Trade forex with confidence – Friedberg Direct is a regulated Canadian broker.
- 50+ currency pairs – Trade major, minor and exotic forex pairs.
- Competitive Spreads – Trade with low spreads.
- Powerful Forex Platforms – Manage your trades manually in MetaTrader, both MT4 and MT5 available
- Leveraged Trading – Trade with leverage across most instruments
- Master your Forex trading skills – High quality educational materials & daily market analysis.
- Best in class customer service – 24/5 multi-lingual live support.
Open a Forex trading account at Friedberg Direct and enjoy the benefits of trading with a locally regulated broker!
Most traders start their forex career with hopes of getting rich, but is that truly possible? As with any type of investing, there are risks, of course, and the best way to get rich is to start with a large amount of capital. Forex trading can be a real struggle, and data shows that more than two-thirds of forex traders don't make money in any given year. Yet of the one-third that make money, some are indeed getting rich. If that's your hope too, then be sure to safeguard your account by using stop-losses, limiting your leverage, and using a reputable forex broker like AvaTrade.
AvaTrade offers a forex mini-account where you can start your trading journey with as little as USD $250 / CAD $300. It's an excellent way to become familiar with the markets and begin learning about your trading style. You may not get rich, but you will get some valuable trading experience in live market conditions that can't be replaced, even by demo trading. In addition, you should begin developing some profitable strategies for trading the forex markets. If you have limited funds starting out this way can be your entryway to some of the most exciting markets.
Forex trading can be challenging when you're just starting, but as time goes by and you gain more experience, it becomes easier. The early difficulties are simply the learning curve as you understand the jargon, how to use the trading platforms, begin studying technical and fundamental analysis, and everything else that goes along with trading forex. As time goes by, many of these things become second nature, and forex trading becomes much less complicated. It might never become easy, but nothing worth having is ever easy.