Currency pair trading is trading one currency for another. Currency pair trading or currency trading is all about exchange rate prediction. On foreign currency markets, you speculate that a currency will gain value over another. It is a global, decentralized financial market, boasting around $5,3 trillion worth of trade every day.
What are margin trading and leverage?
On ASX you can trade with margin. Margin is the percentage of your investment that is used as deposit. Margin trading provides you a leverage: You can trade up to 400 times the size of your account. So, your $10 could flex its muscles and trade as $4000!
But leverage is a double-edged sword: It multiplies both your potential profits and potential losses. Risk Warning: All financial products traded on margin carry a high degree of risk to your capital.
Why trade with ASX?
ASX brings you a priceless global experience combined with unique insights of select local professionals. ASX promises Innovation, Progress and Support.
What’s next?
Visit our Research & Education section to learn more about the platform and the tools at your disposal. Sign up for a demo account or start a free live account on ASX now.