Why Trades in Currency?

Why Trades in Currency?

Currency market has a huge level of liquidity and is open for 24 hours per day. It is relatively resilient to factors affecting stock markets and hence, can act as an effective means to expand one’s portfolio. However, currency trading is risky in nature, and requires careful planning and thorough risk-benefit analysis.[Read more]

The advantages that currency trading offers are:-

High Liquidity: Owing to the large amount of trades conducted per day, the currency markets offer high level of liquidity. Hence, one can enter and exit the market with relative ease
Lower costs: Owing to low level of spreads, lesser brokerage is involved in the transactions, which reduces the cost for the trader.
Leverage: Trading in currencies futures involves use of leverage through margin which is maintained with the broker. Hence, large transactions can be executed with lesser amount of cash in hand.
Round-the-clock trading: The currency market is open 24 hours a day, and thus, offers the convenience to transact any time of the day.

    • Related Articles

    • What is Currency Trading?

      Currency trading refers to the exchange of currencies, where the difference in the currency value is used to make profits. It is a huge market, with traded value being higher than equities.

    • How to activate Currency Segment ?

      Below are the steps which needs to be followed :-   1.Login to Mobile app. 2.Select My reports. 3.Select My profile 4.Select Derivatives Activation. 5.Click on currency ( NSE,BSE,) Segment. 6.You will get two options to activate the segments -Upload ...

    • How does Currency trading actually work?

      All currency trading is done in pairs. Unlike the stock market, where you can buy or sell a single stock, you have to buy one currency and sell another currency in the forex market. Next, nearly all currencies are priced out to the fourth decimal ...

    • Where do my F&O trades appear?

      All your F&O trades appear in the positions tab of the Portfolio. This tab also shows you all your intraday, delivery trades that you bought or sold  as well as your closed positions. Click Here to check all your F&O trades in the mobile app.

    • How do I search for Currency Scrips in IIFL Markets App?

      You need to click on the Search icon on the top right corner. (It is present on all screens ) In the search bar, once you start typing, you will see the 4 sections.  Once you start typing, in the All tab, you will see your desired Currency Scrips. ...