Currency trading
Trade the most popular currency pairsMarket Advantages
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The most-traded financial market in the world
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Go ahead discovering plenty of opportunities
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Put your investing ideas into action
Currency market is the world’s most liquid and largest financial market, with an average daily traded volume that reaches trillions of dollars. Currency trading is the buying and selling of currencies on the foreign exchange market with the aim of making a profit. This market consists of different types of markets, including Future derivatives, Spot FX, Forward Derivatives, and the CFD derivatives market, which is the most popular among retail clients.
Traders predict the potential direction of currency prices and attempt to capture gains based on price fluctuations via careful analysis. There is no centralized exchange for currency trading.
Currency trading is the exchange of foreign currencies. The base currency is always on the left of a currency pair, and the quote is always on the right. The base currency is always equal to one, and the quote currency is equal to the current quote price of the pair. So, when you trade currency, you always sell one to buy another. Currencies are traded in lots, which are batches of currency used to standardize forex trades.
The pair price shows how much of the quote currency can be bought for one unit of the base currency.
Frequently Asked Questions
Get an answer
What is the difference between forex trading and currency trading?
There is no difference between forex trading and currency trading at all. They both mean that you exchange one currency for another. When trading forex or currencies, you’re earning a profit by speculating on whether the price of a currency pair will rise or fall.
What does currency (forex) trading mean?
Forex trading means exchanging one currency for another. Forex is always traded in pairs which means that you’re selling one currency to buy another.
How can I make money from currency trading?
Trader can make money from currency trading by correctly predicting a currency pair’s price movements and opening a position that stands to profit. For example, if a trader thinks that a pair will decline in value, he/she could go short and profit from a market falling.
How to get started currency trading?
You can get started currency trading with a trading account. You will also need to be familiar with what moves the forex market (like central bank announcements, news reports and market sentiment). You also should take steps to manage your risk accordingly.