Trading CFDs on Forex

Expand your trading vision on the biggest financial market in the world. Learn Forex CFD trading on major, minor, and exotic currency pairs. Join one of the most and dynamic trading community on global the markets to become the No1 in a trading race.
Trade FX CFDs

PrimeFin Forex assets list

Symbol Description Trading hours
EURUSD Euro vs. US Dollar 24H Buy Sell
GBPUSD Great Britain Pound vs. US Dollar 24H Buy Sell
EURGBP Euro vs. Great Britain Pound 24H Buy Sell
USDJPY US Dollar vs. Japanese Yen 24H Buy Sell
AUDUSD Australian Dollar vs. US Dollar 24H Buy Sell
NZDUSD New Zealand Dollar vs. US Dollar 24H Buy Sell
USDCHF US Dollar vs. Swiss Franc 24H Buy Sell
EURAUD Euro vs. Australian Dollar 24H Buy Sell
EURNZD Euro vs. New Zealand Dollar 24H Buy Sell
GBPAUD Great Britain Pound vs. Australian Dollar 24H Buy Sell
GBPJPY Great Britain Pound vs. Japanese Yen 24H Buy Sell
GBPNZD Great Britain Pound vs. New Zealand Dollar 24H Buy Sell
NZDJPY New Zealand Dollar vs. Japanese Yen 24H Buy Sell
USDHKD US Dollar vs. Hong Kong Dollar 10:00 - 18:00 Buy Sell
EURPLN Euro vs. Polish Zloty 10:00 - 19:30 Buy Sell
USDMXN US Dollar vs. Mexican Peso 8:00 - 20:00 Buy Sell
USDPLN US Dollar vs. Polish Zloty 10:00 - 19:30 Buy Sell
USDRUB US Dollar vs. Russian Ruble 10:00 - 18:00 Buy Sell
USDTRY US Dollar vs. Turkish Lira 9:00 - 19:00 Buy Sell
USDZAR US Dollar vs. South African Rand 9:00 - 20:00 Buy Sell
USDINR US Dollar vs. South India Rupee 05:00-13:30 Buy Sell
EURZAR Euro vs. South African Rand 09:00-20:00 Buy Sell
GBPZAR Great Britain Pound vs. South African Rand 09:00-20:00 Buy Sell
EURJPY Euro vs. Japanese Yen 24H Buy Sell
USDCAD US Dollar vs. Canadian Dollar 24H Buy Sell

Forex pairs in a nutshell

What is Forex pairs? These are the pairs of fiat currencies where the value of one currency is quoted (i.e compared) the other one. The first currency indicated in the Forex pair is known as base currency while the second one is called quote currency. The base currency, is the one that a trader speculates on, thinking it will go up or down against the second currency in the pair. In the pair USD/EUR USD, for example, the base currency is USD, and EUR is a quote one accordingly. If a trader buys USD/EUR Forex pair, they suppose that USD will increase in value compared to EUR.

Types of Forex pairs

There are many Forex pairs to choose from. All of them are split in three categories. Major, minor (also known as cross-currency), and exotic.

Major Forex pairs are the currencies most heavily traded on Forex market. What makes them major? They always include US dollar. As of today, the most liquid FX pairs are EUR/USD, USD/JPY, USD/ CHF, and GBP/USD. 

Minor FX pairs also called cross-currency pairs do not include USD. But what makes them desirable for trading? They include one stable currency such as EUR, GBP, or JPY. There are seven minor currencies quite popular on FX market: EUR/GBP, EUR/JPY, GBP/JPY, GBP/CAD, NZD/JPY, EUR/AUD, and CHF/JPY.

In exotic FX pairs major or stable world currencies are quoted against a developing country currency. EUR/ TRY (Euro, Turkish Lira) or GBP/ ZAR (British Pound, South African Rand) are the examples of exotic FX currency pairs.

Trading CFDs on Forex step by step

First step: to trade CFDs on Forex one should understand what CFD is and how this financial derivative works.

Second step: learn the pros and cons of trading on the margin via CFDs with spreads and leverage. Trading with this financial instrument requires good preparation and understanding.

Third step: choose any Forex pair you would like to trade on. Do the market analytics (study the economic context of the base currency) to plan your trading strategy.

Fourth step: after careful market analysis, open trade in the trading terminal and decide whether you should buy or sell and how regularly this should happen.