What is Forex? Trade Forex CFDs with bkquote (2025 Guide)

Learn what the Forex market is, why bkquote’s award-winning CFD platform stands out, and discover four beginner-friendly Forex strategies in one complete guide.

What Is Forex and Why Trade Forex CFDs with bkquote?

Understanding the Global Forex Market

The foreign-exchange (Forex or FX) market is the world’s largest financial marketplace, eclipsing equities and commodities combined. The Bank for International Settlements’ latest Triennial Survey shows that average daily turnover hit US $7.5 trillion in April 2022—a 14 % jump from 2019.

Unlike stock markets, Forex operates 24 hours a day, five days a week, thanks to an international network of banks, liquidity providers and electronic communication networks spread across all time-zones.

Trading takes place in currency pairs (EUR/USD, GBP/JPY, etc.). A price quote represents how many units of the quote currency are needed to purchase one unit of the base currency. Traders speculate on the pair’s future value—buying (going long) if they expect the base currency to strengthen, or selling (going short) if they expect it to weaken.

Why use Contracts for Difference (CFDs)?

With a CFD, you do not own the underlying currencies. Instead, you exchange the difference between the opening and closing price, enabling:

Leverage – commit a small margin to control a larger notional position.
Long & short flexibility – profit from rising or falling exchange rates.
Single multi-asset account – trade FX alongside indices, metals or crypto without multiple wallets

Risk reminder: Leverage magnifies both profits and losses; never risk more than you can afford to lose.

Why Choose bkquote for Forex CFD Trading?

Advantage	What it means for you
Ultra-tight spreads from 0.0 pips	Keep transaction costs razor-thin, especially during major sessions.
Execution < 1 ms on cTrader	Lightning-fast order fills reduce slippage on news releases.
Deposit from 10 USDT—no mandatory KYC	Open an account in minutes and start small while you learn.
70+ currency pairs + 500 other markets	Diversify within a single dashboard; hedge FX against commodities or crypto.
24/7 multilingual support	Get help instantly via chat, email or Telegram—day or night.
Regulated by the FSRA of Saint Lucia (lic. 2025-00089)	Trade with confidence under a recognised financial authority.

bkquote’s infrastructure mirrors that of Tier-1 brokers yet removes the complexity of traditional onboarding. The result: institutional-grade liquidity, retail-friendly entry barriers, and full cross-platform access (web, desktop, iOS & Android).

Call-to-Action: Open a live account in under 60 seconds or test-drive every feature in a free, unlimited demo environment.

Core Forex Strategies for Beginners

Below you’ll find four time-tested approaches. Each can be traded manually or automated with cTrader’s cBots once you have a clear rule-set and risk-management plan.

Strategy	Typical Holding Period	Key Tools	Success Factors
1. Intraday (Day Trading)	Minutes – hours	Economic-news calendar, 5-/15-minute charts	Focus on one or two high-volatility pairs; set tight stop-losses and respect daily loss limits (Investopedia)
2. Swing Trading	2 – 20 days	Support-resistance zones, RSI, Fibonacci retracements	Combine daily-chart technicals with macro catalysts (e.g., central-bank meetings) (YouTube)
3. Trend-Following	Weeks	50/100-period moving averages, MACD, ATR	Trade only in the direction of the dominant trend and trail stops behind higher-lows/lower-highs (Investopedia, Investopedia)
4. Position Trading	Months	Fundamental indicators (GDP, CPI, interest-rate spreads)	Patience; willingness to ride multi-hundred-pip moves, financing swaps factored in (Investopedia)

Expert tip: Whatever your chosen style, spend at least two weeks in bkquote’s demo mode to validate win-rate, risk-to-reward ratio and emotional resilience before committing real funds.

How to Start Trading Forex CFDs on bkquote

Cost Example: Trading 10 lots of EUR/USD (≈1 M USD) at the Standard tier costs 35 USD in total commissions. Once you reach the Premium tier the same trade costs just 22 USD, saving you 37 %.

Register with an email and password—no documents required for starter accounts.

Fund instantly from 10 USDT via crypto, card or bank transfer.
Launch cTrader Web or Mobile. Log in once and access live prices, chart templates and market-depth data.
Select your pair & order type. Choose market, limit or stop orders; set volume, leverage and protective stops.
Monitor & manage. Use partial closes or trailing stops; withdraw profits 24/7 with zero hidden fees.

bkquote also offers a curated Trading Academy—video lessons, webinars and PDF playbooks—designed for absolute beginners through to algorithmic traders.

Forex & CFD FAQ

Question	Quick Answer
Do I need prior experience to trade Forex?	No—start in demo, follow the Academy’s structured path, and scale up gradually.
What is the minimum deposit?	10 USDT (or fiat equivalent).
Are there hidden fees?	bkquote charges variable spreads and overnight swaps; no deposit or withdrawal fees.
Can I trade from my phone?	Yes—native cTrader apps for iOS and Android.
Is trading without KYC safe?	bkquote secures client funds in segregated accounts and uses bank-grade encryption.