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Exotic Currency Pairs (Exotics)

Definition of Exotic Currency Pairs (Exotics)

What are exotic currency pairs?

Most forex trading involves the major currencies (USD vs. one of the six other major currencies – EUR, GBP, JPY, CHF, CAD, AUD, NZD) or the minor currencies (which do not involve the USD, but do include either the EUR, GBP or JPY). When the USD, or one of the other major currencies is traded against a currency with a far lower trading volume, this is referred to as an exotic trading pair. Examples of the exotics include the USD/RUB (U.S. Dollar vs. the Russian ruble), GBP/TRY (British pound vs. Turkish lira), and EUR/SEK (Euro vs. Swedish krone).

How does one use exotic currency pairs?

Traders who wish to minimize their risks (as well as their potential earnings) might choose to trade exotics because they are more illiquid than the majors and minors. Exotic pairs are affected by many of the same factors that influence currency pairs with greater liquidity, such as economic announcements, geopolitical events, and global weather, and can therefore be used as a good “training ground” for higher risk trading. The Fortrade website offers several exotic pairs from which traders can choose.

Links related to exotic currency pairs
AUD
CAD
CHF
Currency Pair
EUR
GBP
Foreign Exchange
Illiquid
JPY
Liquidity
Major Currency Pairs (Majors)
Minor Currency Pairs (Minors)
NZD
USD

Other Terms From - E -

Economic Calendar Economic Indicator Equally Weighted Index Equity Equity Market EUR European Central Bank (ECB) European Trading Session Execution Exotic Currency Pairs (Exotics) Expiration Time Expiry Date Exponential Moving Average (EMA)

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

CFDs are complex and highly speculative instruments, which come with a high risk of losing money rapidly due to leverage.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your invested capital.
The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Be aware, as a retail client you can lose all, but not more than the balance of your trading account due to Fortrade’s negative balance protection. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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