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CURRENCY PAIRS

Currency pair trading is the exchange of one currency for another. The foreign currency market is the largest financial market and open 24 hours a day, from Sunday to Friday, and nearly £3 trillion worth of currencies are traded each day.

Over 30 spot
currency pairs

Ultra-fast
execution

24 Hour
Trading

Tight spreads
from 0 pips

ACCESS COMPETITIVE PRICING ON THOUSANDS OF INSTRUMENTS

Over 30 spot currency pairs

DK Trade offers trading access to major, minor, and emerging pairs 24 hours a day, 5 days a week. From GBP/USD to USD/CHF, your positions held overnight are rolled over to the next day, with the cost being built in to swap points. These can be positive or negative depending on the currency pair traded.

Ultra-fast execution

We’re constantly improving our platform to bring you the best execution speeds in the business. With an average execution time of 85 milliseconds, your trades are routed directly to our servers and executed automatically, with no dealer intervention.

24 Hour Trading

Overlapping currency pair trading hours contain the highest volume of traders. The foreign currency market is more active than the stock market and is traded Over the Counter, meaning that currencies are not listed on any exchange. The majority of trade goes through London, New York, and Tokyo, which makes it a true global market.

WHAT IS CURRENCY PAIR TRADING?

Currency pair trading means buying and selling of the world’s currencies on a decentralised global market. It is also referred to as the foreign currency market. As the largest and most liquid financial market in the world, its total average turnover per day is reported to exceed $5 trillion. The foreign currency market is not based in a central location or exchange, meaning it is open to trade 24 hours a day, from Sunday night to Friday night.

HOW DO YOU TRADE CURRENCY PAIRS?

Our currency pairs are available to trade as contracts for difference (CFDs). When trading currency pairs, you speculate on whether the price of one currency will rise or fall against another.

For example, if you choose to trade GBP/USD (British pound/US dollar) and you think the value of the GBP will rise against USD, you go long (buy). If you think GBP will fall against USD, you go short (sell). If your prediction is correct, you make a profit. If your prediction is incorrect, you would make a loss. Remember, losses can exceed deposits.

CURRENCY PAIRS

Foreign currencies are always traded in currency pairs, for example EUR/USD. The first currency (EUR) is called the ‘base currency’. The second currency (USD) is known as the ‘counter currency’. The way currencies are displayed shows us how many units of the counter currency you can buy with one unit of the base currency. This is the exchange rate, or in other words, how many US Dollars you can buy for one Euro.

You can trade CFDs on over 300 currency pairs via our platform. Currency pairs can generally be divided into three groups: major, minor and emerging.

Major

Most of these pairs contain the US dollar as either the base or counter currency. They are the most frequently traded. Major currencies pairs include EUR/USD, GBP/USD and USD/CAD.

Minor

Currency pairs which do not contain the US dollar are known as minor currency pairs. Examples include EUR/GBP, EUR/CHF, GBP/JPY and CHF/JPY.

Emerging

Also known as exotic pairs, these are made up of a major currency paired with an emerging or small but strong economy. Emerging currency pairs include USD/NOK, USD/HKD and EUR/CZK.

WHY TRADE WITH DK Trade?

We are a boutique brokerage company licensed and regulated by SVG FSA, established to put out "a new approach" in the financial markets. For DK Trade client satisfaction is our main focus for that we provide you with the best trading platform on the market and thanks to your liquidity providers our NDD execution is off the charts.