Before getting started with forex trading, study basic forex strategies and learn how to analyze currency markets properly. Then, open a NEOTRADES Live or Demo Account and choose your forex trading platform. Lastly, select your currency pair and open your first position.

At NEOTRADES, we offer multiple account types to suit the specific requirements of different traders. Whatever your trading strategy, level of funding or appetite for risk, there is an account to match your needs. Please, check our Accounts Page for more information.

The Forex market is open 24 hours a day, five days a week and traded online with price quotes changing constantly. There are generally four main forex trading sessions:

Sydney session
Tokyo session
London session
New York session

Trading hours may vary depending on the currency pair you wish to trade.
 

Yes, you can trade Forex on your phone using the MetaTrader 5 mobile apps. The MT5 award-winning app allows you to access the Forex market and trade currencies from anywhere in the world and manage your positions while on the go.The MT5 App is available for both Android and iOS devices and can be downloaded for free from the App Store or Google Play.

Forex, short for Foreign Exchange, is the global marketplace where currencies are traded. It’s like a vast international bazaar where you can buy and sell different currencies, aiming to profit from changes in their values.

Yes, Forex markets are regulated, but the level of regulation varies from country to country. Regulatory bodies oversee the operations of Forex brokers to ensure they adhere to legal and ethical standards. Examples include the Financial Conduct Authority (FCA) in the UK, the Commodity Futures Trading Commission (CFTC) in the US, and the Australian Securities and Investments Commission (ASIC) in Australia.

Yes, the Forex markets can be quite volatile. Currency values can fluctuate significantly due to various factors, including economic data releases, geopolitical events, and changes in market sentiment. This volatility can present opportunities for profit, but it also increases the risk of losses.