TRADING FOREX
WHY TRADE FOREX?
Forex instruments were one of the first markets we offered to our clients in 2001. Back then we were one of the first brokers in the world to provide online Forex trading and credit card funding. Our company, products and offerings have greatly evolved since but our core philosophy remains the same – continue innovating and offering our customers unique tools and conditions to trade with.
Trade Forex With SKYLINE TRADER
Low Spreads
Many brokers adjust their spreads depending on how active the markets are. SkyLine offers Low spreads so you know exactly what you will pay when you trade.
History
We have shineung history in the great market over decades.
Negative Balance Protection
No matter what happens during a trade you can rest assured that your account balance will never go below zero.
Free Guaranteed Stop Loss
Set the lowest price that you are comfortable with and set stop-loss to close your deal when it is reached. A great risk management tool, offered on SkyLine Proprietary Platform and Apps at no additional charge.
First time trading Forex
Forex can be simple to understand – you trade one currency for another one – it’s accessible, open 24/5 – and with $5 trillion of daily trading volume it’s really dynamic. This is why Forex is a favorite amongst both novice and advanced traders. Trade forex now to discover this market.
The five most popular Forex pairs involve some of the World’s most powerful currencies including the U.S. dollar (USD), the British Pound (GBP), the Euro (EUR), the Swiss Franc (CHF) and Japanese Yen (JPY). Those called “major pairs” are currency pairs involving these currencies. When you trade Forex, you basically sell one currency for the other, but they are considered as one unit. The base currency is the one on the left i.e. EUR/USD, the non-base currency is the one on the right. Usually the pair is quoted as above: EUR/USD – 1.17800 (indicative price) means that every euro you buy, you sell 1.17800 dollars. Inversely USD/EUR would be quoted as 0.8488 (just divide 1 by 1,17800 to figure out the inverse) meaning you sell 1 dollar and buy 0.8488 euro cents.
When you sell the currency, the opposite exists – you sell one of the base currency and buy the other. In USD/EUR at 0.84888 you sell 1 dollar and purchase 0.84888 euro.
Buying and Selling a pair depends on the market conditions of their currency. For example a negative announcement from the European Central Bank, could cause the euro to drop significantly against the dollar. So, a trader would likely sell the pair EUR/USD meaning they sell EUR and buy USD in the hope that it will gain over the EUR due to the announcement.
Innovating since 2001
SkyLine has been serving its customers since 2001. From the very beginning we have strived to offer our clients the most innovative products, tools and services.
5 Star Trustpilot Rating
Since 2001 SkyLine has strived to offer the highest level of customer support possible with exclusive risk management tools, 24/5 customer support and conditions which help our traders.
Trade On Mobile
SkyLine innovative and intuitive app allows you to trade on any iOS or Android device, giving you access to markets anywhere, anytime.
