The Forex (Foreign Exchange) market is the world’s largest and most liquid financial market, with daily trading volumes exceeding $6 trillion. On Doto, you can trade Forex through CFDs, allowing you to speculate on price movements without owning the underlying currencies.
Forex
Forex involves trading currency pairs, where one currency is exchanged for another.
Maximum leverage on Forex is up to 500x.
📌 Types of currency pairs:
Major pairs: EUR/USD, GBP/USD, USD/JPY
Minor pairs: EUR/CAD, AUD/JPY
Exotic pairs: USD/HKD, EUR/ZAR
For more details on all instruments available for trading on Doto, please click on this link.
In Doto, you can trade on the price movements of currency pairs without the need to exchange them physically.
How to trade Forex?
Select a currency pair you want to trade with
Doto offers a variety of Forex pairs, so you can choose the one that aligns with your trading plan, market conditions, and your trading strategy.
Analyze market movements
Forex provides opportunities across different sessions and economic events. You can use technical analysis, price action, and indicators available on Doto to support your decision making.
📊Forex trading strategies
Forex trading allows you to apply different approaches depending on your timeframe, risk level, and the position size you can open based on your available margin:
📈 Intraday Trading - Take advantage of daily volatility in oil, gold, and natural gas prices.
📉 Swing Trading - Hold open positions for days or weeks based on macroeconomic trends.
Each approach can be adapted to different market conditions, giving you flexibility in how you structure your trades.
🌍 Factors affecting Forex prices
Forex market reacts to various factors, such as:
🌍 Geopolitical events – elections, conflicts, and international policy changes.
🏦 Central bank decisions – interest rate changes and monetary policy.
📊 Economic indicators – inflation, GDP growth, employment reports, and consumer sentiment.
Using Doto’s analysis tools helps you stay informed and make more confident decisions.
🛑 Use risk management tools
In Doto, you can trade Forex with leverage, which means you can open larger positions with less capital. To reduce risk:
🛑 Stop Loss - Set a maximum loss level to protect your capital.
💰Take Profit - Set a profit target to automatically lock in profits.
Advantages of trading Forex on Doto
✅ High liquidity – fast execution and competitive spreads.
✅ 24/5 availability – access to global markets around the clock.
✅ Wide range of instruments – choose from major, minor, and exotic pairs.
✅ Advanced tools – real time insights, technical analysis, and risk-management features.
Forex trading on Doto offers diverse opportunities across global market sessions. With Doto’s trading tools and market insights, you can react to price movements efficiently while managing your exposure responsibly.
Ready to begin?