WHAT IS CURRENCY PAIR TRADING ?
Currency Pair Trading is the simultaneous buying and selling of the world’s international currencies in a centralized global market. It is regulated, standardized and therefore exchange traded. It’s also referr to as the foreign exchange or FX market. As one of the largest and most liquid financial markets in the world, its total average turnover per day is report to exceed $5 trillion.
HOW DO YOU TRADE IN CURRENCY PAIRS?
Our currency pairs are available to trade. When trading currency pairs, you speculate whether the price of one currency will rise or fall against another.
For example, if you choose to trade GBP/USD (British pound/US dollar) and you think the value of the GBP will rise against USD, you go long (buy). If you think GBP will fall against USD, you go short (sell). Your prediction is correct, you make a profit. If your prediction is incorrect, you would make a loss. Remember, losses can exceed deposits.
currency is always traded in currency pairs, for example EUR/USD. The first currency (EUR) is called the ‘base currency’. The second currency (USD) is the ‘counter currency’. How currencies are displaying shows us how many units of the counter currency you can buy with one unit of the base currency. This is the exchange rate, or in other words, how many US dollars you can buy for one euro.
Currency pairs can generally divide into three groups: Major, Cross/Minor and Exotic/emerging.
Never depend on a single income, make an investment to create a second source.
MT5 ONLINE TRADING PLATFORM
Our MT5 trading platform has won multiple awards, including Best Platform Features, based on highest user satisfaction among spread betters, CFD and FX traders (Investment Trends 2017 UK Leverage Trading Report), and Best Forex Trading Platform at the UK Forex Awards 2016.
Access all the features you need to analyse price movements and conduct technical analysis. We have over 95 technical indicators, chart types and drawing tools built in.
NEWS AND INSIGHTS
Stay up to date with our market calendar and in-built Reuters news stream.
TRADE ON THE MOVE
Our native mobile apps for iPad, iPhone and Android mean you can trade currency pairs wherever you are, anytime.