What Is Currency Trading?

Currency trading or also known as foreign exchange (Forex) where its trading market open 24-hours except on Friday evening to Sunday evening. In currency trading, currency is traded in various lots; standard lots, mini lots and micro lots.

  • Open 24-hours, closed on Friday till Sunday Evening
  • Pairs and pips

How It Works

Currency trading is done in pairs, you buy a currency and sell another currency. And all currencies are priced out to four decimal points. A percentage in point, is the smallest increment.

Pair Trading

Forex trading is done in pair unlike the stock market trading where you can buy or sell a single currency. In forex trading you buy a currency and sell another.

Price In Percentage

Price in percentage or pip is the smallest increment in trading. One pip equals 1/100 of 1%.

Lots

In forex trading there are three types of lots; Standard Lot, Mini Lot, and Micro Lot traded. It is suggested for both retailers and beginner traders to trade using micro lots.

Sessions

There three trading sessions for forex currency trading; European, Asian, and United States. So each market currencies are traded during each respective market hours.

Who Is It For?

  • Banks
  • Central Banks
  • Corporations
  • Individual Investors

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