Trading currencies (also known as Forex trading) means buying one currency and selling another at the same time in order to profit from price movements.
At OneRoyal, currencies are traded as CFDs, which means you trade on price changes only. No physical currencies are delivered.
How currency trading works
Currencies are traded in pairs, such as EUR/USD
The first currency is the base currency
The second currency is the quote currency
When you place a trade, you choose whether to:
Buy a currency pair (if you expect the price to rise), or
Sell a currency pair (if you expect the price to fall)
Buy vs Sell explained
Buy: You expect the base currency to strengthen against the quote currency
Sell: You expect the base currency to weaken against the quote currency
You can potentially profit from both rising and falling markets.
Example
If you buy EUR/USD, you are:
Buying EUR
Selling USD
If the price of EUR/USD rises, you make a profit.
If the price falls, you make a loss.
Where do I trade currencies?
You can trade currencies through your trading platform (e.g. MT4, MT5, or orTrader) by:
Selecting a currency pair
Choosing Buy or Sell
Setting your trade size and risk management tools
Opening the trade
Most traded currency pairs
Some of the most commonly traded currencies include:
USD, EUR, GBP, JPY, CHF, AUD, CAD, and NZD
Important to know
Currency trading involves risk
Prices can move quickly
Profits and losses depend on market movement and trade size
Summary
Trading currencies involves buying one currency and selling another to profit from price movements. You can trade by choosing to buy or sell a currency pair through your trading platform.
