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Overview
Costs & Margins
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GPB/HKD is an exotic forex pair representing how many Hong Kong dollars equal one British pound. The pair offers more volatility than USD/HKD, which is maintained by a loose peg set by the Hong Kong Monetary Authority. However, the link does mean the pair’s fluctuations are more dependent on the pound’s changing influences than those affecting HKD.
Changes in international trade agreements involving either region can influence the pair’s value. More volatility has been possible in the pound since the UK left the EU, and Hong Kong’s political unrest in relation to China has the potential to disrupt its trade. Other factors like inflation and monetary policy from either nation’s central bank can also affect GBP/HKD.
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Margin From20.0 %
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Trading Hours24 hours / day *
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Min Trade Size1000
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Long-0.28
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Short-0.65
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Min Stop Distance0.002 Points
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Spreads
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Spreads From0.0020 Points
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Margins
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0 - 7800 00020.0 %
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7800 000 +30.0 %
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Dealing
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Spreads0.0020 Points
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Margins
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0 - 7800 00020.0 %
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7800 000 +30.0 %
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Forex explained
What is forex?
Forex is the process by which traders can buy one currency and simultaneously sell another, with the goal to profit from the direction price is likely to take in the future. With a daily trading volume of more than $6.5 trillion, the forex market is the most traded in the world, and is open 24 hours a day, 5 days a week for banks, institutions and individuals worldwide.
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Why trade forex
People trade forex for a range of reasons, including the unmatched liquidity of the market, the ability to trade on leverage, the opportunity to take positions in both rising and falling markets, the lack of hidden fees or commissions, and the accessibility of markets being open 25 hours a day, five days a week.
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How to trade forex
In order to trade forex, there are a few key steps to follow. First, you need to select a currency pair. Many traders choose a major pair such as EUR/USD due to high liquidity. Next, analyzing the market is key to understanding the technical and fundamental drivers that may affect price. Once you understand how to read the quote, it's time to open your position by going long or short.
You'll need to monitor your trade, with many traders using technical indicators to make better sense of price action, and features such as stops and limits to manage risk. Finally, you can close your position when the market hits a price at which you want to exit.
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