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The forex market is the world’s largest market, with a trading volume of over $5 trillion a day. Forex trading means pairing one currency against another, predicting which one will rise or fall.
Commodities
Commodity trading involves buying and selling a wide range of products—such as oil, copper, and natural gas. Hedge your risk and diversify your portfolio through commodity trading.
Metals
Trade precious metals like gold and silver with fast execution, low-cost pricing, and flexible leverage. Precious metals offer a strategic diversification avenue and serve as safe-haven assets during market turbulence.
Indices
CFD index trading gives you exposure to global stock market movements—no need to analyze individual stock performance. Dolphin Markets offers CFD indices with margins starting at just 1%, including NAS100, US30, SPX500, and more.
Barter system (6000 BC)
Barter is the oldest method of exchange and was introduced by Mesopotamia tribes as early as 6000 BC. This method involved the trading goods for other goods with ships sailing from country to country with items such as food and animal skins.
Gold Coins (6th Century BC)
The first gold coins were produced in Lydia (Turkey) and recognised as the first known form of currency. These coins had the critical characteristics of currency as they were portable, durable and uniform. Aided by being limited in supply they were accepted over time with gold playing a pivotal role throughout the history of forex trading.
Gold Standard (1870s)
Once established as the accepted medium of exchange, gold eventually became impractical due to its weight. In the 1800s the gold standard was adopted and guaranteed that the government would exchange paper money for its value in gold.
Bretton Woods System (1944)
The forex market underwent a major transformation towards the end of World War II. The Bretton Woods System was introduced and established a set of rules for commercial and financial relations between the signatories of the agreement.
Free-Floating System (1971)
Eventually there was not enough gold to back the amount of US Dollars in circulation which brought an end to the Bretton Woods System and led to the free floating of the US Dollar against other foreign currencies. The situation that the rate of exchange was no longer pre-determined creates an open forex market with the value of currencies being exposed to market forces such as supply and demand.
Internet Trading (1990s)
The combination of technology and globalisation resulted in the exponential growth of the forex market through internet trading. Currencies that were previously shut off and emerging markets could now be traded from anywhere in the world using an online forex trading platform.
Present Day
In less than two decades the forex market has become the largest financial market in the world. Trillions of dollars are traded on the forex market every day and are no longer limited to large banks and financial institutions. Individuals are now trading FX online in the same market conditions as corporate organisations thanks to advanced technologies such as the MetaTrader 5 foreign exchange trading platforms.
Forex trading, also known as FX trading or currency trading, refers to the global marketplace where traders exchange one currency for another at floating exchange rates. The foreign exchange market encompasses multiple segments, including spot FX, futures, forwards, and CFD derivatives. It is among the largest and most liquid financial markets, with daily turnover exceeding $5 trillion. The forex market operates 24 hours a day, 5 days a week. The most commonly traded pairs are known as the majors. Examples would be the EUR/USD, GBP/USD and USD/CHF.
Dolphin Markets Forex pairs are traded as CFDs (Contract for Difference).
When trading forex, you choose a currency pair, such as EUR/USD, and predict which currency will rise or fall. In any pair, the first currency is called the base currency and the second the quote currency. The rate (e.g. EUR/USD 1.2344) indicates how many units of the quote currency equal one unit of the base currency. Based on your outlook, you can either go long (expecting the base currency to strengthen) or short (expecting it to weaken).