Symbols and Tick Values and some Trading Recommendation

Currency market trading symbols are constructed using the two currencies that are being traded.

For example, the trading symbol for the Euro to US Dollar market would be EUR/USD. Each currency market has a minimum price change (tick size), and a minimum trading amount, with which the value per minimum price change can be calculated. Continuing with the EUR/USD currency market, the minimum price change is 0.0001, and the minimum trading amount is approximately $25,000 (this varies depending upon the currency broker), so the value per minimum price change is calculated as 0.0001 X $ 25000 = $2.50. This means that for every 0.0001 in price change, a trade's profit or loss would change by $2.50. Even though the minimum trading amount is $25,000 or more, the currency markets are traded using leverage, so an individual day trader only needs to have a fraction of that amount in their trading account.

While the currency markets can be day traded, they have some features that make them a less preferred day trading market. If you want to trade the currency markets purely for day trading purposes, then the futures markets offer enough markets based upon currencies, that you should trade the futures markets instead. If however, you want to trade currencies to actually hold the other currency (i.e. if you want to keep some money in Euros), then the currency markets are the markets to trade.


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Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.