Lesson FX and CFDs

FX and CFDs Overview

A beginner's guide to navigating the world of Currency (FX) and Contracts for Difference (CFDs) trading.

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Embarking on the journey of foreign exchange (FX) and contract for difference (CFD) trading can be both exciting and daunting for new investors. FX and CFD trading involve leveraging changes in currency exchange rates and derivative products to speculate on changes in price to make a profit.

FX trading focuses on the dynamic world of currencies, while CFDs mirror the value of various underlying assets like stocks, commodities, and indices. Unlike traditional trading, FX & CFDs don't require the physical ownership or delivery of the asset (like with futures contracts), making them an appealing opportunity for those looking to speculate with their portfolios without the constraints of owning the actual securities.

Whether you're a seasoned investor or just starting out, understanding the basics of FX & CFD trading is crucial in navigating this complex yet potentially rewarding market.

Want to learn more? Explore these two articles for a comprehensive overview:

FX, CFDs and Questrade Global

In FX trading, investors attempt to profit from movements in currency exchange rates. This form of trading is constantly influenced by global economic events, offering a dynamic and challenging environment.

On the other hand, CFDs allow traders to speculate on the rising or falling prices of fast-moving global financial markets like European or Asian indices, commodities and much more.

Interested in trading the FTSE, German DAX, Shanghai Composite, Oil, Natural Gas, Metals and more? Questrade Global offers CFDs suited for every style and type of trader on 15+ markets.

Metals currency and commodity icons FX CFD

Questrade offers a user-friendly Questrade Global trading platform to start your journey in FX and CFD trading.

With more than 110 currency pairs, and target spreads as low as 0.8 pips, Questrade Global unlocks the world’s markets for all investors.

Providing you with tons of comprehensive tools and resources - all free of charge- we make it simpler for you to understand and engage in these complex markets.

Unlock the World’s Markets

Take control of your financial future and embark on a path to new trading opportunities.

Open an account

Interested in trying FX & CFD trading, but aren’t ready to use real money?

Test the global markets as if you’re trading in real life, but with simulated funds. Practice your forex strategy in a web-based setting with Questrade Global’s full suite of powerful charting and analytical tools.

Try a free practice account for 30 days.

Tip: Already have an existing TFSA, RRSP, Margin or other account type with Questrade? Simply log in, and you can easily add a new FX & CFD account right from your Summary homepage.

Have more questions?

Interested in learning even more about FX & CFD trading? Have questions for our team about how FX and CFD trading can suit your needs?

Complete the form below, and one of our FX & CFD Relationship Managers will reach out to you within a few business days to discuss your questions in more detail.

By providing your personal information, you agree to its collection and use for the purpose of communicating with and receiving information about Questrade and its products and services.

Note: Trading in derivatives, including FX & CFDs, involves substantial risk of loss and is not suitable for all investors. For a full understanding of the risks involved, we encourage you to read and understand leverage and risk. Questrade may be compensated for its services from the bid-ask spread.

Note: The information in this blog is for educational purposes only and should not be used or construed as financial or investment advice by any individual. Information obtained from third parties is believed to be reliable, but no representations or warranty, expressed or implied, is made by Questrade, Inc., its affiliates or any other person to its accuracy.

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