The global foreign exchange market is the largest financial market in the world. UK traders can trade 60+ fx pairs in all major currencies on the forex trading platform of your choice. The major currency pairs include the US dollar (USD) as either the base currency or counter currency. Traded against the Euro (EUR), British Pound (GBP), Yen (JPY) and Swiss Francs (CHF), the four majors are also the most traded currency pairs. Other currencies with significant trading volume include the Australian dollar (AUD), New Zealand dollar (NZD) and Canadian dollar (CAD)
The major currency pairs are:
EUR/USD (Euro/US Dollar)
GBP/USD (British Pound/US Dollar)
USD/JPY (US Dollar/Japanese Yen)
USD/CHF (US Dollar/Swiss Franc)
FP Markets is a global CFD and forex broker with spreads from as low as 0.0 pips thanks to partnerships with leading banking and non-banking financial institutions. This ensures access to global markets with deep liquidity, especially with respect to major forex pairs such as the EUR/USD and EUR/JPY. Access to these liquidity providers allows for the best available market prices in real-time with the added benefit of ultra-low latency order execution.
Forex Trading in UK
There are three peak trading sessions in the forex market. They are known as the Tokyo, London and New York sessions. The London session runs from 7:00am to 4:00pm (GMT) and is the most active period for UK forex trading. Alternate time zones and the overlapping nature of the sessions make it possible to trade forex 24 hours a day, 5 days a week.