Trading currencies is simply the buying of one currency and selling of another. OneRoyal offers what is called Margin FX products – which means we offer trade on the price movements of the forex market, where your profit or loss is a cash adjustment on your platform – not physically delivered.<\/p>\n
When you see a certain currency as ‘cheap’, you can buy that currency in relation to another; you’re anticipating it will increase in value, after which you can sell it again. This also works – but the other way – if you consider the currency to be ‘expensive’.<\/p>\n
Currencies are traded in pairs. The first currency in the pair is called the Base currency; it’s the one you’re either buying or selling. The second currency of the pair is the Counter currency that you’re trading the base currency against.<\/p>\n
For example, when you buy the EURUSD, it means that you’re buying EUR and selling USD. So, if the EURUSD is currently trading at 1.1078, this means that every euro is equal to USD 1.1078. If you’re anticipating an increase in the value of the EUR – in relation to the USD – you can execute a Buy order at 1.1078, and buy EUR by selling USD. Let’s assume the price of the EURUSD increases to 1.1098; it means that every euro is now equal to USD 1.1098 and you’ve made a profit. However, if, for example, the price of the EURUSD decreases to 1.1067, this would mean that every euro would now be equal to 1.1067 USD; hence, losing money.<\/p>\n
The most traded currency pairs are USD, EUR, GBP, CAD, CHF, JPY, AUD, and NZD.<\/p>\n","protected":false},"excerpt":{"rendered":"
Trading currencies is simply the buying of one currency and selling of another. OneRoyal offers what is called Margin FX products – which means we offer trade on the price movements of the forex market, where your profit or loss is a cash adjustment on your platform – not physically delivered. When you see a […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[10,15],"tags":[],"class_list":["post-396","post","type-post","status-publish","format-standard","hentry","category-faqs","category-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.oneroyal.academy\/en\/wp-json\/wp\/v2\/posts\/396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oneroyal.academy\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oneroyal.academy\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oneroyal.academy\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oneroyal.academy\/en\/wp-json\/wp\/v2\/comments?post=396"}],"version-history":[{"count":1,"href":"https:\/\/www.oneroyal.academy\/en\/wp-json\/wp\/v2\/posts\/396\/revisions"}],"predecessor-version":[{"id":397,"href":"https:\/\/www.oneroyal.academy\/en\/wp-json\/wp\/v2\/posts\/396\/revisions\/397"}],"wp:attachment":[{"href":"https:\/\/www.oneroyal.academy\/en\/wp-json\/wp\/v2\/media?parent=396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oneroyal.academy\/en\/wp-json\/wp\/v2\/categories?post=396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oneroyal.academy\/en\/wp-json\/wp\/v2\/tags?post=396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}