With Banc de Swiss, you have a wide range of opportunities to earn money and make it big in this industry. Aside from the fact that you can trade various assets from different markets, the trade types we offer also allow you to have a seamless trading experience. Some of the available markets available include the Forex, Indices, Commodities, and Stocks. But more importantly, we have vast Forex currency pairs you can trade and get familiar with.
What are Banc de Swiss Forex currency pairs?
You might have seen them in our Asset Index, but have no idea what it means. Simply put, Forex currency pairs or just Forex consist of two currencies simultaneously being bought and sold. These currency pairs can be best visualized when you think of the game “tug-of-war”.
Using this analogy, we are showing you how each Banc de Swiss Forex currency pair holds one end of the rope. For example, let’s use the most popular EUR/USD currency pair. The exchange rates of these currencies constantly change because they are consistently pulling on each other. Therefore, their exchange rates fluctuate depending on which currency is stronger at the moment. And that is basically how Banc de Swiss Forex works.
Which currency pairs are the best for trading?
There are different types of currency pairs. They are mainly categorized into the Major currency pairs, Minor or Cross currency pairs, and Exotic currency pairs. First off, major currency pairs are those that contain the US Dollar (USD) and another currency as a pair. This type of currency pairs are the most liquid and they are also the most frequently traded. An example of a major Banc de Swiss Forex currency pair would be the GBP/USD, also called the “Pound Dollar” in Forex terms.
In contrast, the minor or cross currency pairs are those that contain three major but non-USD currencies, namely the EUR, JPY, and GBP. It can also include other currencies such as the AUD, CHF, CAD, and NZD. The EUR/GBP, or “Euro Pound”, is an example of a cross currency pair.
Finally, the Exotic currency pairs are those that involve one major currency and one currency of an emerging economy. Trading exotic pairs can be a lot riskier than major or cross currencies. This is mainly because they have high spreads that could reach up to twice the spreads of major currency pairs. An example of an Exotic currency pair is the USD/THB or “Dollar Baht”.
To get your money’s worth, we recommend you trade the major and cross Banc de Swiss Forex currency pairs. Avoid the exotic pairs, especially if you’re an inexperienced trader.
How do you trade Banc de Swiss Forex?
We have an impressive list of Forex currency pairs for you to trade BDSwiss. These include the USD/CAD, USD/JPY, EUR/USD, and many more. You can view each of these currency pair to know more about its trading hours, Reuters code, and expiry rule.
We continuously seek exert efforts to expand our available Banc de Swiss Forex for you to trade. So try our current Forex currency pairs to familiarize yourself with them. This way, when we already add new currency pairs, it will not be difficult for you to try to trade them for the first time.
