Forex CFD trading
Thousands of traders are attracted to the Forex market, making it an inarguable leader in online trading. Stand up to the market challenge trading CFDs on more than 40 currency pairs. Explore major, minor, and exotic Forex pairs and trade your way to your financial targets.
Forex pairs at ModMount
| 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 |
| USDCAD | US Dollar vs. Canadian 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 |
Brief definition of FX pairs
Forex is short for foreign exchange, which represents the process of changing one currency into another for a particular reason, like trading. In currency pairs, the first one mentioned is called base currency – it’s the one bought. The second mentioned currency – the quote currency, is sold.
Types of FX pairs
Currency pairs can be major, minor, and exotic.
- Major pairs are the 4 heavily traded pairs - EUR/USD, USD/JPY, GBP/USD, and USD/CHF.
- Minor or cross pairs are made of heavily traded currencies with one exception – they don’t include the US dollar. The cross pairs are EUR/GBP, EUR/JPY, GBP/JPY, GBP/CAD, NZD/JPY, EUR/AUD, and CHF/JPY.
- Exotic pairs made up of poorly traded yet highly volatile currencies, like GPB/PLN, SEK/JPY, USD/CZK, USD/HUF, etc.
Trading FX CFDs
Trading Forex CFDs does not require buying a currency directly and then selling it. CFD or contract for difference is the financial tool that allows traders to speculate on the FX pairs’ price movements.
The information above is for education purposes only and cannot be considered as investment advice. Past performance is not a reliable indicator of future results.