Explore trading opportunities in the world’s most traded financial market with access to 60+ major, minor and exotic currency pairs.
You can rely on Hotrades as a professional broker for your Forex trades
Traded round the clock on 3 global markets – Asia, Europe and America – forex exchange is the world’s largest market with liquidity of $5.3 billion per day. Currencies are paired up and exchanged at a specific price, it is this price that moves as each currency is effected by world events. You will find 40 forex exchange pairs on Hotrades split into the popular groups of majors, minors and exotics. The difference with Hotrades is that you can trade forex whilst engaging in powerful tools like Events & Trade to pinpoint market movement. We also support forex trading with education, daily news, price alerts and trading alerts online and through the platform. You will be informed regularly of market movements, of relevant events, of trends and fundamental statistics. We provide an inclusive trading experience, appreciating that you need to keep your eyes on the trade and we need to supply data to inform your decision.
What are Currency Pairs?
Currency pairs are financial instruments where one currency is quoted against another currency. The quote indicates the
amount you would pay in one currency for the other.
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 by the
end of the day rose to 1.16, it's because the
Sterling has strengthened against the Dollar. - If GBP/USD started the day at 1.15, then drops 1.13, it's because the Sterling has weakened against the Dollar.
