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What are the different forex trading instruments offered by Deriv?

by admin   ·  March 7, 2024   ·  

What Are the Different Forex Trading Instruments Offered by Deriv?

Deriv is a leading online trading platform that offers a diverse range of forex trading instruments to cater to the needs of traders worldwide. In this blog post, we will explore the various forex trading instruments provided by Deriv, allowing traders to access global currency markets and capitalize on trading opportunities. Let’s dive in!

Major Currency Pairs

Deriv offers a wide selection of major currency pairs, which are the most actively traded currencies in the forex market. These pairs include popular combinations such as EUR/USD (Euro/US Dollar), GBP/USD (British Pound/US Dollar), USD/JPY (US Dollar/Japanese Yen), and more. Major currency pairs are known for their high liquidity and tight spreads, making them attractive to traders seeking frequent trading opportunities.

Minor Currency Pairs

In addition to major currency pairs, Deriv provides access to a range of minor currency pairs. Also known as cross currency pairs, these pairs do not include the US Dollar as one of the currencies. Examples of minor currency pairs available on Deriv include EUR/GBP (Euro/British Pound), AUD/CAD (Australian Dollar/Canadian Dollar), and NZD/JPY (New Zealand Dollar/Japanese Yen). Trading minor currency pairs allows traders to diversify their portfolios and take advantage of specific regional economic trends.

Exotic Currency Pairs

Deriv also offers exotic currency pairs, which involve the currencies of emerging or less frequently traded economies. These pairs may have wider spreads compared to major or minor pairs due to lower liquidity. Examples of exotic currency pairs available on Deriv include USD/ZAR (US Dollar/South African Rand), EUR/TRY (Euro/Turkish Lira), and GBP/MXN (British Pound/Mexican Peso). Exotic currency pairs can offer unique trading opportunities for experienced traders who have a good understanding of the respective economies.

Forex Indices

Deriv provides access to forex indices, which are baskets of currency pairs grouped together to represent specific regions or economies. These indices allow traders to take a broader view of the forex market and trade on the performance of multiple currencies simultaneously. Examples of forex indices offered by Deriv include the USD Index (measuring the US Dollar against a basket of major currencies) and the JPY Index (measuring the Japanese Yen against a basket of major currencies).

Volatility Indices

Deriv offers volatility indices, which are synthetic indices that measure the market’s expectation of future volatility. These indices provide opportunities for traders to speculate on market volatility without directly trading currency pairs. Examples of volatility indices available on Deriv include the Volatility 10 Index, Volatility 25 Index, and Volatility 100 Index. Volatility indices can be particularly attractive to traders who thrive in fast-paced and volatile market conditions.

Conclusion

Deriv offers a wide range of forex trading instruments, including major currency pairs, minor currency pairs, exotic currency pairs, forex indices, and volatility indices. These instruments allow traders to access various currency markets and capitalize on diverse trading opportunities. Whether you are a beginner or an experienced trader, Deriv provides a comprehensive platform to meet your forex trading needs and support your trading strategies.

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