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In order to have access to the forex markets and to start online trading on currency pairs, you need to have a real-money account. Before opening a real money account at any platform, you need to make sure that the platform provides effective customer support and an excellent trading environment. The established forex brokerage company, SwissAllianceFX has been able to maintain its international reputation due to award-winning customer support and education centers. If you are willing to trade currency pairs, you need to speculate on the daily market. As SwissAllianceFX provides daily market insights and guides all its clients to recognize the influential factors of market movement, it is really safe and effective to open a real account at this financial organization for trading currency pairs and indices.
Trading Currency Pairs:
The foreign exchange market involves the exchange of currencies and therefore, in the forex market, the buyers and sellers deal in currency pairs. The exchange of currencies is essential to conduct trade between two countries. Even if you travel from one country to another, you need to have the currencies of your traveling country and you can get that by exchanging the currencies of your own country. On the other hand, depending on several factors, the value of national currencies changes over time.
In a currency pair, there are two currencies- i) the base currency on the left side and ii) the quote currency on the right side. The value of the currency pair indicates how much the base currency is worth compared to the quote currency. For instance, if the currency pair is GBP/USD, when the value of one pound increases against one dollar, the value of the currency pair also increases. Thus, when you will predict that the value of the base currency will rise in comparison to the quote currency, you should buy the currency pair. In the case of the reverse scenario, you should sell the currency pair.
Benefits of Trading Currency Pairs:
The most significant advantage of trading currency pairs is that there are no clearance fees, brokerage fees, or government fees. Thus, you don’t have to pay any commission to anybody. On the other hand, the transaction costs of trading currency pairs are very low. There is no regulatory authority or central bank to regulate your forex trading. Above all the forex market is open 24/5 for the traders. Therefore, from Monday to Friday, you can make a profit any time from the market.
Real Account Review:
Opening a real account is essential to make a real profit from real-time trading. SwissAllianceFX does not charge any fees or impose any restraint on your real trading. Opening a real account at this financial agency gives you options to choose from for different types of real accounts such as silver, golden, platinum, and premium. Depending on your capital and trading experience, you can choose the most suitable account type for you. However, different account types provide different facilities. At this organization, you can easily open a real account by filling up a standard registration form and providing all the identification documents. Therefore, while you have decided to invest in trading currency pairs, the best place to open a real account is SwissAllianceFX.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.