Trading currency on the forex market offers a variety of opportunities, from trading for profit to diversifying your investment portfolio and hedging against market risk.
The forex market is the largest and most liquid in the world, accommodating a wide range of strategies. Short-term scalping to more long-term currency trading strategies can be implemented across many different currency pairs. Major and minor currency pairs are available to trade here at ADSS.
What is Currency Trading?
The currency market is the largest in the world. Trading currencies involves purchasing one at the same time as selling another. While currency trading is done by holidaymakers and others going abroad for practical purposes, it can also be done to make a profit on the market.
How Does Currency Trading Work?
With over $5 trillion traded daily and technology advancing, it’s more accessible than ever for beginners and experts to trade currency. Two currencies are involved with every trade, buying and selling in pairs. The bid price is the value at which you can sell the pair, while the ask or offer price is that which can buy the currency pair.
What are Pips, Spread and Margin?
When a bid/ask price is given, the digits after the decimal point are the price interest points (Pips), which measure the change in the exchange rate for currency pairs. The difference between the bid and ask (or offer) price is the spread, while margin or leverage allows you to trade with only a small portion of the overall trade.
Open an account with ADSS to begin trading currency.
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