The currency market is where traders and investors exchange government-issued currencies. With over $6 trillion in daily transaction volume, the Forex market is, without doubt, the largest financial market in the world. In Forex, the phrase ‘money never sleeps’ applies; the market has no centralized location and is conducted OTC (over the counter), which means traders can speculate on their favorite currencies round the clock. For example, a trader may wish to exchange the euro for the Australian dollar or maybe the US dollar for the South African rand. Investors purchase and sell currencies in an effort to earn profits from market fluctuations.
Lloyds Capital provides access to a wide array of currencies. Trade major currency pairs, including the GBPUSD, AUDUSD and USDJPY. You will also be able to choose from a variety of minor currency pairs, including the EURGBP, AUDJPY and EURJPY. Also, you will be able to trade from a selection of exotic currency pairs, such as the USDMXN, USDTRY and USDZAR.
The advantages of trading currencies with Lloyds Capital:
- Comprehensive menu of tradable currencies
- Narrow spreads
- Advanced security measures
- Complete transparency
- Tight spreads
- Comprehensive and powerful trading platform
- Max leverage of 400:1