Trade Over 50 FX Pairs

Currency trading takes place in the foreign exchange market. Currency is vital because it allows people to buy goods and services both locally and across borders.

To conduct international trade and business, international currencies must be exchanged. It can be described as a network of buyers and sellers who exchange currencies at a pre-determined price. Individuals, businesses, and banks use it to convert one currency into another.The market has existed for centuries, but it is only recently that it has become popular.

Because it is open 24 hours a day, five days a week, it has evolved into a terrific venue to trade on the global market.

By buying the currency with the higher interest rate and shorting the currency with the lower interest rate, you can benefit from the difference between two interest rates in two distinct economies as an investor.