Trade Forex CFDs with Byte Capitals
The FX market is one of the world’s biggest markets. You can trade currency pairs from every corner of the world. However, there are a handful of pairs that are worth mentioning: more traded than any other currency pairs, the ‘majors’ dominate the FX market. The four most traded currency pairs in the world have been coined the ‘majors’. They involve the following currencies: euro, US dollar, Japanese yen and pound sterling. The most popular pairing is the EUR/USD, followed by the USD/JPY, GBP/USD and USD/CHF pairs respectively. There are a few other currencies that deserve to be mentioned. Informally known as the ‘commodity pairs’, the AUD/USD or ‘Aussie’, USD/CAD and NZD/USD are all frequently traded currency pairs. Unsurprisingly, this group of currencies derives its nickname from the fact that they come from countries that possess large quantities of natural resources.
Forex Trade Chart.
Advantages of trading currency pairs
The FX market is one of the most exciting and fast-paced for traders. Open 24/7 and being the biggest global market means it is extremely liquid; you can instantly buy and sell, so you’re never stuck in a trade. Daily currency fluctuations are usually fairly small, political disasters aside, moving around 1% or 100 pips. Study live forex rates and charts here. You can trade forex CFDs with Allure Name trades.com. The availability of leveraged trading in this market can amplify wins, but similarly, can amplify losses.
Trade forex with leverage Currencies are available to trade with up to 30:1 leverage. Start trading with as little as $100 to control a position of $3000
Forex CFDs
Trade 24/5 on a wide range of Forex. Buy and sell Forex to take advantage of rises and falls in price
Profit and loss control You can easily define Stops and Limits to request positions to close at a specified price. Set up price alerts to be informed of big moves.
Byte Capitals finance offers a broad array of professional services and access to the global foreign exchange markets for commercial and institutional clients. execution and clearing services in virtually all tradable currency pairs and derivative instruments.
Currency pair trading, also known as FX or forex (foreign exchange), enables traders to take advantage of increases and decreases in a currency’s value. The foreign exchange market is the most liquid in the world, with a daily trading volume of over $5 trillion. We are specialists in leveraged trading, giving you the potential to generate financial returns on both rising and falling prices across FX, market. Whether you’re an experienced trader or completely new to it, we’re here to help you find freedom in the financial markets.
While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits, while also increasing the risk.
What is forex trading?
Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.
What are the benefits?
- Go long or short
- 24-hour trading
- High liquidity
- Constant opportunities
- Trade on leverage
- Wide range of FX pairs
- Go long or short
- 24-hour trading
- High liquidity
- Constant opportunities
- Trade on leverage
- Wide range of FX pairs