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Overview
Costs & Margins
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USD/PLN is an exotic forex pair representing how many Polish zlotys equal one US dollar. While Poland is included in the European Union, it has not adopted the use of the euro, making USD/PLN an interesting alternative to EUR/USD. A large proportion of Poland’s GDP is derived from its trade with other Eurozone countries.
Poland’s economy is considered relatively strong compared to other European countries because of its diversification. The main exports of Poland are motor vehicles and associated parts and refined petroleum. During the 2008 financial crisis, Poland’s strong economy helped the country avoid a recession.
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Margin From5.0 %
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Trading Hours24 hours / day *
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Min Trade Size1000
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Long-0.4
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Short-0.3
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Min Stop Distance0.002 Points
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Spreads
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Spreads From0.00046 Points
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Margins
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0 - 1000 0005.0 %
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1000 000 - 5000 00010.0 %
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5000 000 - 10000 00015.0 %
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10000 000 - 20000 00020.0 %
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20000 000 +40.0 %
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Dealing
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Spreads0.00046 Points
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Margins
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0 - 1000 0005.0 %
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1000 000 - 5000 00010.0 %
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5000 000 - 10000 00015.0 %
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10000 000 - 20000 00020.0 %
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20000 000 +40.0 %
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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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