Traded Instruments Direct Market Access ECN No Last Look Low Commission
GER30 German Stock Index. EU50 European Stock Index. EMISS Emisson Rights Index. SUI20 Swiss Stock Index. SCHATZ German Bond Index. BUND German Bond Index. NED25 Dutch Stock Index.
UK100 UK Stock Index.ITA40 Italian Stock Index. VIX VIX index. SPA35 Spanish Stock Index. FRA40 French Stock Index. CHNIND China Composite. HKIND Hong-Kong Composite. HUNIND Hungarian Stock Index. AUS200 Australian Stock Index. KOSP200 Korean Stock Index. BRAIND Brazilian Stock Index. MEXIND Mexican Stock Index. IND50 Indian Stock Index. RUS50 Russian Stock Index. TNOTE US Bond Index. COPPER UK COPPER.ZINC UK ZINC. CZKIND Czech Stock Index.
Equities DE DE Equity Market. Equities US US Equity Market. Equities ES ES Equity Market. Equities UK UK Equity Market. Equities NL NL Equity Market.Equities SE SE Equity Market. Equities CH CH Equity Market. Equities BE BE Equity Market.Equities FR FR Equity Market.Equities PL PL Equity Market.Equities IT IT Equity Market.Equities PT PT Equity Market. Equities NO NO Equity Market. Equities DK DK Equity Market. Equities CZ CZ Equity Market. Equities FI FI Equity Market.
BTC/USD ETH/USD LTC/USD DSH/USD XRP/USD ETC/USD BCH/USD XMR/USD ZEC/USD XRP/EUR BTC/EUR ETH/BTC LTC/BTC BCH/BTC DSH/BTC
GER30cash German Stock Index. FRA40cash French Stock Index. ITA40cash Italian Stock Index. EU50cash EU Stock Index.UK100cash UK Stock Index. JAP225cash Japanese Stock Index. CHNcash China Stock Index. HKcash Hong Kong Stock Index. US30cash US Stock Index. US100cash US Stock Index. US500cash US Stock Index. SPA35cash Spanish Stock Index. AUS200cash Australian Stock Index.
Buy and Sell Currencies
The foreign exchange market – “forex” or “FX” for short – is the world’s largest market in terms of trading volume. As an asset class, currencies eclipse even the New York Stock Exchange with an average of over $4 Trillion USD-equivalent per day in turnover.
With pricing driven by the interbank market, the world’s top tier banks, the foreign exchange trading hours are 24 hours a day, 5 days a week.
Plus, with currencies influenced by market data from around the world, and everything from popular high-volume major pairs to obscure exotics, FX trading is truly about freedom of choice!
Currencies can only be traded in terms of another currency as part of a pair.
The first (left) currency in a pair is the “base currency” – this is essentially the asset that the trader is buying and selling. The second currency is the “quote currency” – the one that the asset is priced in.
If you’re familiar with stocks, imagine that the price of Microsoft shares are quoted as “MSFT/USD”. When you buy it, you are selling US Dollars in order to buy Microsoft shares. When you short sell* it, you are short selling Microsoft shares and buying US Dollars. This is exactly how buy and sell trades on EUR/USD (Euro vs US Dollar) function.
* Short selling is the practice of borrowing an asset such as shares or currencies and selling it first with the aim of buying it back later. While the basic concept may sound confusing, the function is simple: If you believe the price will fall, then rather than aiming to “buy low, sell high”, the trader is looking instead to “sell high first, and then buy low later”. For professional traders, the act of short selling is not only empowering, it’s also necessary as it allows the trader to make money in bull as well as bear markets using any asset class.
While Currency Hedger offers over 45 different currency pairs, not all pairs are created equal. Some traders prefer the trade the mass psychology patterns of the most popular, highly liquid, major pairs such as EUR/USD and USD/JPY. Others may prefer to look for trading opportunities on exotic crosses from emerging economies.
The “majors” are the currencies of the largest capitalist economies from the post-World War II era, with the Euro effectively replacing Germany’s Deutschemark since the late 90’s in terms of trading volume and economic context.
These currencies, paired with the US Dollar (which took over from the British Pound as the world’s reserve currency after the 2nd World War), form the top Major Currency Pairs.
The “Comm Dolls” (short for “commodity dollar pairs”) are the other G8 economies which happen to be driven by their resource and commodities industries: Canada, Australia and New Zealand.
In many economic views and trading strategies, the Comm Dolls and top Majors combine as the Forex market’s equivalent of Blue Chip stocks. They’re highly liquid and heavily traded, resulting in the tightest average spreads in the interbank FX markets.
Next are the Major Cross Pairs. While beginners often confuse the term “cross” as a synonym for “pair”, there’s actually a practical distinction in the institutional FX market. These are “cross rates” between two major pairs. For example: EUR/GBP (Euro vs British Pound) is actually a “cross” between EUR/USD and the inversion of GBP/USD.
To veterans of the institutional interbank market, a few of the top crosses hold a distinction as being traded directly on the old electronic networks (EUR/JPY, for example, was directly quoted rather than a calculation of EUR/USD crossed with USD/JPY) but for simplicity, only the US Dollar denominated pairs are typically considered major pairs in online FX communities.
Many professional traders choose the Yen cross pairs for their notorious volatility. GBP/JPY was often nicknamed “The Beast” for this tendency.
Through strong institutional relationships, Marketsforu is able to offer extremely tight spreads by even today’s standards on these Cross Pairs.
As the term “Major” implies, there are also “Minor” pairs, consisting primarily of currencies from developed countries outside of the G8 nations.
Currency Hedger offers the leading Minor pairs from Scandinavia including the Swedish Krona and Norwegian Krone plus their relatively popular crosses with the Euro.
Finally, we have the currencies of emerging economies and other non-G8 countries that constitute the “Exotic pairs” category: