Currencies
The foreign exchange, the worlds biggest market, is a global, de-centralised, over-the-counter market for trading currencies. Tradexness offers 80+ currency pairs from around the world.
What are currency pairs?
Currency trading allows you to speculate on the movement of one currency against another, and is traded in pairs, for example the Euro against the US Dollar (EUR/USD).
Each currency has its own three letter code, for example, the US Dollar is abbreviated to USD, Euro is abbreviated to EUR, British Pound is abbreviated to GBP etc.
Who trades currencies?
Currency markets are important to a broad range of participants, from banks, brokers, hedge funds, small companies, big multinationals and investors who trade foreign exchange.
What moves currency markets?
Economic data affects critical areas of a country’s economy like inflation, unemployment numbers, foreign trade or payrolls.
Central banks can have a huge influence over the performance of currencies, for example by changing interest rates or printing more money.
Central banks can also buy and sell their own currency in order to keep it trading within a certain level.
The political situation in a country plays a major role in its economic outlook and affects the value of its currency.
Let’s get the ball rolling...
It just takes a few moments to open a Tradexness account. Here’s how to do it.
Select Account Type
Choose the Tradexness account type that best suits you.
Create an Account
Fill out the form with all of the necessary information. Remember we’ll need it to create your account properly.
Fund Your Account
Deposit funds using our secure payment methods to start trading.
Start Trading
Access the markets and begin trading on the MT5 platform with your chosen account.