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Forex

Forex Trading

Why Choose 6craft Investment corporation for Forex Trading?

Choose 6craft Investment corporation for Forex CFD trading due to our expert guidance, advanced trading platforms, and competitive spreads.
We offer robust security, 24/7 customer support, and comprehensive educational resources.
Our customised solutions ensure a safe and profitable trading experience for both new and seasoned traders.

What are Currency Pairs?

Currency pairs are just comparison pairs between two different currencies.

Here's A Simplified example

The currency pair GBP/USD is at 1.15. You can exchange 1 GBP for 1.15 USD.

If GBP/USD started the day at 1.15 and ended at 1.16, it means the Pound has become stronger against the Dollar.

If GBP/USD started the day at 1.15 and dropped to 1.13, it means the Pound has become weaker against the Dollar.

Forex

Common Question about Forex

  • 1. What is a forex index?

    A Forex index measures the value of a specific group of currencies compared to others.

  • 2. How are forex indices created?

    Forex indices are created by averaging the values of selected currencies. Factors like a currency's performance and its ease of trading determine its weight in the index.

  • 3. What are the most popular indices?

    The US Dollar Index, the Euro Index, and the Japanese Yen Index are the three most popular currency indices.

  • 4. Are forex indeces are tradeable?

    Yes, you can trade forex indices in both the spot and futures markets.