Trading Forex with Golden Elephant
Wide range of currency pairs
Trade popular Forex Pairs like EURUSD, USDJPY, USDAUD and GBPUSD all from one account.
Tight, competitive spreads
Golden Elephant offers variable spreads on a wide range of markets from as low as 0.0 pips on GO Plus accounts
Flexible leverage
You can trade with leverage up to 500:1 on GO Plus accounts
24/5 hour trading
Golden Elephant provides personalised multilingual customer support 24/5 to help you with all your trading needs.
Commission-free, low-cost dealing
With our commission-free Standard account, you can access micro, mini and standard FX contract sizes
Access to EAs and smart tools
Use powerful tools and Expert Advisors (EAs) to analyse markets and trading signals plus execute flexible contract sizes
Trading Forex CFDs
Forex Contract For Difference (CFDs) trading, or foreign exchange contracts for difference, is a popular financial instrument that allows traders to speculate on the price movements of different currencies without actually owning the underlying assets.
One of the main advantages of forex CFD trading is its accessibility. With a relatively small initial investment, traders can access a wide range of currency pairs and take advantage of the volatility in the forex market to make profits. This makes forex CFD trading an attractive option for both experienced and novice traders.
There are a range of different strategies that can be used when trading forex CFDs. These include technical analysis, fundamental analysis, and sentiment analysis. Technical analysis involves studying charts and using indicators to identify trends and potential entry and exit points. Fundamental analysis involves studying economic and political events that may affect the value of currencies. Sentiment analysis involves studying the mood of the market and the views of other traders and investors.
Another advantage of forex CFD trading is its flexibility. Traders can open and close positions quickly, which allows them to react to changing market conditions and take advantage of short-term opportunities. In addition, with the availability of advanced trading platforms, traders can customize their trading strategies to suit their individual preferences and risk tolerance.
Forex CFD trading also offers the potential for significant profits. By correctly predicting the direction of price movements, traders can earn favorable returns from trading.
Finally, forex CFD trading can be a rewarding and intellectually stimulating activity. It requires traders to stay up-to-date on global economic and political events, as well as technical analysis and market trends. For those who enjoy the challenge of navigating complex financial markets, forex CFD trading can be a highly engaging and fulfilling pursuit.
Overall, forex CFD trading can offer many benefits to traders who are willing to put in the time and effort to learn the markets and develop effective trading strategies.
Range of Forex Pairs
Major FX Pairs
| Currency Pair | Average Spread* |
|---|---|
| AUDUSD | 0.1 |
| USDCAD | 0.2 |
| EURUSD | 0.1 |
| USDJPY | 0.2 |
| USDCHF | 0.3 |
| GBPUSD | 0.3 |
*Average spread is calculated based on the average of the historical spread. Spreads are variable.
Minor FX Pairs
| Forex Pairs | |
|---|---|
| AUDCAD | AUDJPY |
| USDSGD | CHFJPY |
| EURCAD | EURGBP |
| EURNZD | GBPCAD |
| GBPJPY | NZDUSD |
| AUDCHF | AUDNZD |
| CADJPY | EURAUD |
| EURCHF | EURJPY |
| GBPAUD | GBPCHF |
| GBPNZD | NZDJPY |
Exotic FX Pairs
| Forex Pairs | |
|---|---|
| AUDHKD | USDTRY |
| EURMXN | USDZAR |
| EURTRY | EURDKK |
| USDCNH | EURHUF |
| USDDKK | EURNOK |
| USDHKD | EURPLN |
| USDMXN | EURSEK |
| USDNOK | USDHUF |
| USDSEK | USDPLN |
| AUDCNH | CADCHF |
| NZDCAD | NZDCHF |
| AUDSGD |
Metal Pairs
| Metal Pairs |
|---|
| XAGUSD |
| XAUUSD |
Integrated platform power
Golden Elephant
This powerful multi-asset platform lets you trade Forex, Shares and Futures as CFDs.
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GO WebTrader
A simplified ST5 version allowing you to access your trading account from your browser.
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