The foreign exchange is the largest market in the world in terms of trading volume, with an average of more than $5 trillion currencies traded daily. The Forex market allows investors to trade currency pairs 24 hours a day, 5 days a week and to manage market exposure with the use of leverage.

Foreign exchange trading involves trading one currency pair against another, predicting that one currency will rise or fall against another. Currencies are traded in pairs, like the Euro versus the US Dollar (EUR/USD).

BPS Capital was founded by Forex traders, so we have all features a trader needs

  • Tight spreads from 0.0 pips
  • Deep liquidity
  • Up to 1:1000 leverage
  • True ECN Pricing

Forex Major Pairs Contract Specifications

Majors

Symbols

Maximum leverage

EURUSD

1:1000

GBPJPY

1:1000

GBPUSD

1:1000

NZDUSD

1:1000

AUDUSD

1:1000

GBPCHF

1:1000

AUDJPY

1:1000

EURGBP

1:1000

EURCHF

1:1000

EURNZD

1:1000

GBPAUD

1:1000

GBPNZD

1:1000

CADCHF

1:1000

NZDJPY

1:1000

USDCNH

1:1000

EURHKD

1:1000

USDJPY

1:1000

USDCHF

1:1000

USDCAD

1:1000

AUDNZD

1:1000

AUDCAD

1:1000

AUDCHF

1:1000

CHFJPY

1:1000

EURAUD

1:1000

EURJPY

1:1000

EURCAD

1:1000

NZDCAD

1:1000

GBPCAD

1:1000

CADJPY

1:1000

NZDCHF

1:1000

USDHKD

1:1000

Minors

Symbols

Maximum leverage

USDRUB

1:200

EURDKK

1:200

EURNOK

1:200

EURSEK

1:200

GBPNOK

1:200

GBPSGD

1:200

USDDKK

1:200

USDNOK

1:200

USDSGD

1:200

AUDSGD

1:200

CHFSGD

1:200

HKDJPY

1:200

NOKJPY

1:200

SGDJPY

1:200

USDSEK

1:200

EURMXN

1:200

EURPLN

1:200

EURTRY

1:200

GBPSEK

1:200

NZDSGD

1:200

USDMXN

1:200

USDPLN

1:200

USDZAR

1:200

CADSGD

1:200

EURSGD

1:200

MXNJPY

1:200

NOKSEK

1:200

Exotics

Symbols

Maximum leverage

EURHUF

1:100

EURBRL

1:100

USDBRL

1:100

Calculating Profit and Loss

In Forex trading, estimated profit and loss is very important for trading risk control. Here we briefly introduce the following two methods:

It is important to be able to work out your own projected profit and loss which can be relatively easy to do, even without a calculator using this example.

Opening the Position

Buy 1 Lot EURUSD at 1.10340 Buy (+) €100,000 Sell (-) $110,340 Sell 1 Lot EURUSD at 1.10651 Sell (-) €100,000 Buy (+) $110,651 Buy (+) €100,000 Sell (-) $110,340 + Sell (-) €100,000 Buy (+) $110,651= +$311

Closing the Position

In this case the trade was profitable $311, the same calculation can be made in pip terms.

1 Lot EURUSD pip value = $10 Buy at rate 1.10340 Sell at rate 1.10651 31.1 pips profit at $10 per pip= + $311

€100,000- $110,340- €100,000+ $110,651= +$311

In this case the trade was profitable $311, the same calculation can be made in pip terms. 1 Lot EURUSD pip value = $10 Buy at rate 1.10340 Sell at rate 1.10651 31.1 pips profit at $10 per pip= + $311

Start with a risk free $100,000 Demo account

Start trading with a BPS Capital account

Risk warning:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. BPS Capital will never ask clients for their credential under any circumstances. Clients must not disclose password to anyone else and must take appropriate steps to keep their information secure by not using an obvious password and ensuring that clients keep their password confidential and change it regularly.