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Trade Major, Minor & Exotic Currency Pairs

Forex, also known as foreign exchange, FX or currency trading, is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. Forex trading allows you to buy and sell currencies, similar to stock trading except you can do it 24 hours a day, five days a week, you have access to margin trading, and you gain exposure to international markets.

As a result, foreign exchange trading has long been recognized as a superior investment opportunity by major banks, multinational corporations and other institutions. Today, this market is more widely available to the individual trader than ever before.

Currency Pairs

Instrument Symbol Instrument Name
EURUSD Euro vs US Dollar
USDJPY US Dollar vs Japanese Yen
GBPUSD British Pound vs US Dollar
AUDUSD Australian Dollar vs US Dollar
USDCAD US Dollar vs Canadian Dollar
USDCHF US Dollar vs Swiss Franc
NZDUSD New Zealand Dollar vs US Dollar
EURGBP Euro vs British Pound
GBPJPY British Pound vs Japanese Yen
EURJPY Euro vs Japanese Yen

And many more…


MT 5 platform calculates your transaction by formula mentioned below and this formula will be applicable for all three accounts:

( Spread ) x ( Pip Cost ) x ( Number of Lots Traded ) =Total Cost

How it works

  • Forex trading is the simultaneous buying of one currency and selling of another.
  • These two currencies make up what is known as a “currency pair”.
  • Currencies are always traded in pairs – each currency is represented by three letters.
  • The first two letters represent the country and the third letter identifies the currency.
  • Forex pairs are read in the opposite direction of mathematical proportions or ratios For example:EUR/USD = 1.23700.
  • The currency to the left of the slash (“/”) is called the base currency (in this example, the Euro) and the currency on the right is called the quote currency (in this example, the U.S Dollar).
  • This notation means that 1 unit of the base currency (that is, 1 Euro) is equal to 1.23700 U.S Dollars.
  • You have to pay 1.23700 U.S Dollars to buy 1 Euro.
  • If selling, the foreign currency exchange rate specifies how much units of the quote currency you get for selling one unit of the base currency.
  • In the above example, you will receive 1.23700 U.S Dollars when you sell 1 Euro.