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TRADE
CURRENCY PAIRS


FROM AS LOW AS 1 PIP

Access leverage and diversify with 40+ global currency pairs

Start Trading



HARNESS THE POWER OF FOREX

Back your judgment in rising or falling currencies by trading major FX pairs and
enjoy spreads from as low as 1 pip.

Start Trading
EURUSD
EUR/USD
1.084
0.0028 (0.26%)
GBPUSD
GBP/USD
1.28147
0.0055 (0.43%)
NZDUSD
NZD/USD
0.61458
0.003 (0.49%)
USDCAD
USD/CAD
1.36358
0.0024 (0.18%)
USDJPY
USD/JPY
160.776
-0.474 (-0.29%)
USDCHF
USD/CHF
0.89572
-0.0042 (-0.47%)
AUDUSD
AUD/USD
0.67509
0.0024 (0.36%)
EURUSD
EUR/USD
1.084
0.0028 (0.26%)
GBPUSD
GBP/USD
1.28147
0.0055 (0.43%)
NZDUSD
NZD/USD
0.61458
0.003 (0.49%)
USDCAD
USD/CAD
1.36358
0.0024 (0.18%)
USDJPY
USD/JPY
160.776
-0.474 (-0.29%)
USDCHF
USD/CHF
0.89572
-0.0042 (-0.47%)
AUDUSD
AUD/USD
0.67509
0.0024 (0.36%)


WHY TRADE ON ETORO?

It’s empowering

Free up your money by using a smaller margin with leverage

It’s friendly

An easy-to-use platform and a competitive, simple, fee structure

It’s trusted

Millions of users worldwide have executed over 370M trades on eToro so far, and
counting

It’s social

Get ideas and share strategies with a thriving 30M strong investing community

Join 30M users


EMPLOY UNIQUE TRADING TOOLS

Individual Stop Loss

Short (without leverage)

Zero Balance Protection

Price Alerts

Pro Charts

Get Started
Trade major Forex pairs from just one pip
Previous
EURUSDEUR/USD
Change (1D)
0.26%

buy
1.08411
sell
1.084

GBPUSDGBP/USD
Change (1D)
0.43%

buy
1.28169
sell
1.28147

NZDUSDNZD/USD
Change (1D)
0.49%

buy
0.61486
sell
0.61458

USDCADUSD/CAD
Change (1D)
0.18%

buy
1.36374
sell
1.36358

USDJPYUSD/JPY
Change (1D)
-0.29%

buy
160.789
sell
160.776

USDCHFUSD/CHF
Change (1D)
-0.47%

buy
0.8959
sell
0.89572

AUDUSDAUD/USD
Change (1D)
0.36%

buy
0.67521
sell
0.67509

EURUSDEUR/USD
Change (1D)
0.26%

buy
1.08411
sell
1.084

GBPUSDGBP/USD
Change (1D)
0.43%

buy
1.28169
sell
1.28147

NZDUSDNZD/USD
Change (1D)
0.49%

buy
0.61486
sell
0.61458

USDCADUSD/CAD
Change (1D)
0.18%

buy
1.36374
sell
1.36358

USDJPYUSD/JPY
Change (1D)
-0.29%

buy
160.789
sell
160.776

USDCHFUSD/CHF
Change (1D)
-0.47%

buy
0.8959
sell
0.89572

AUDUSDAUD/USD
Change (1D)
0.36%

buy
0.67521
sell
0.67509

EURUSDEUR/USD
Change (1D)
0.26%

buy
1.08411
sell
1.084

GBPUSDGBP/USD
Change (1D)
0.43%

buy
1.28169
sell
1.28147

NZDUSDNZD/USD
Change (1D)
0.49%

buy
0.61486
sell
0.61458

USDCADUSD/CAD
Change (1D)
0.18%

buy
1.36374
sell
1.36358

USDJPYUSD/JPY
Change (1D)
-0.29%

buy
160.789
sell
160.776

USDCHFUSD/CHF
Change (1D)
-0.47%

buy
0.8959
sell
0.89572

AUDUSDAUD/USD
Change (1D)
0.36%

buy
0.67521
sell
0.67509

EURUSDEUR/USD
Change (1D)
0.26%

buy
1.08411
sell
1.084

GBPUSDGBP/USD
Change (1D)
0.43%

buy
1.28169
sell
1.28147

NZDUSDNZD/USD
Change (1D)
0.49%

buy
0.61486
sell
0.61458

USDCADUSD/CAD
Change (1D)
0.18%

buy
1.36374
sell
1.36358

USDJPYUSD/JPY
Change (1D)
-0.29%

buy
160.789
sell
160.776

USDCHFUSD/CHF
Change (1D)
-0.47%

buy
0.8959
sell
0.89572

AUDUSDAUD/USD
Change (1D)
0.36%

buy
0.67521
sell
0.67509

Next


FAQ

What is currency trading?
Currency trading is the process of buying and selling currencies such as the US
dollar, the euro, and the British pound.
Often called foreign exchange (forex) trading, it involves purchasing one
currency while simultaneously selling another, with the aim of generating
profits from currency movements. In the past, currency trading was mainly
carried out by banks, institutional investors, and hedge funds. However, thanks
to advances in technology, literally anyone can trade currencies today.
Currency trading takes place on the foreign exchange market — a global
marketplace in which traders all over the world trade currencies. This market is
the largest financial market in the world, with around $5 trillion in currencies
traded every day.
Trading currencies on eToro is straightforward. eToro’s trading platform is easy
to use and has been designed to give traders the best chance of success.
What are the benefits of currency trading?
Currency trading is popular because it offers a number of benefits. Here is a
look at some of the main benefits:

 * Low capital requirements: One of the main attractions of currency trading is
   that you don’t need to have a lot of money to get started. This means that
   small investors can easily enter the market.
 * A small deposit can go a long way: The reason you don’t need a lot of capital
   to start trading currencies is that it’s possible to use “leverage” to
   control a large amount of money with just a small deposit. The way leverage
   works is that you essentially borrow money from your broker to trade with
   more money than you have actually deposited in your account.
 * Transaction costs are low: Another benefit of currency trading is that
   transaction costs are low. Typically, there are no transaction fees on
   currency trades. The main form of fee that traders pay is the spread between
   the buy and the sell price of the trade (more on this later).
 * You can trade whenever you like: Finally, another big advantage of currency
   trading is that you can trade on your own schedule. The foreign exchange
   market is open 24 hours a day, five days a week. Trading begins with the
   opening of the Sydney session on Monday morning and closes with the New York
   session on Friday evening, which means there is plenty of time to trade.

How does currency trading work?
The way currency trading works is relatively simple. When you trade currencies,
you are betting on the value of one currency relative to another.

 * Currency pairs: All currencies are traded in pairs. An example of a currency
   pair is GBP/USD. This particular currency pair reflects the British pound to
   US dollar exchange rate, or the number of US dollars to one British pound .
   In a currency pair, the first currency is known as the “base” currency and
   the second is known as the “counter” currency or “quote” currency.
 * Going long or short: Once you have chosen the currency pair that you want to
   trade, the next step is to decide whether you think the base currency is
   going to strengthen or weaken against the counter currency, and take a
   position accordingly. If you believe that the base currency is going to
   strengthen against the counter currency, you buy (or “go long”) the currency
   pair. If you think that the base currency is going to weaken against the
   counter currency, you sell (or “go short”) the currency pair. So, for
   example, if you believe that the British pound will strengthen against the US
   dollar, you buy GBP/USD. Alternatively, if you think the British pound will
   weaken against the US dollar, you sell GBP/USD.
 * Profit and loss: Your profit or loss will depend on the extent to which you
   get your prediction right. In currency trading, profits are measured in
   “pips”. A pip is the smallest move a currency can make. In a currency pair
   that is priced to four decimal places such as GBP/USD, a pip is a price
   movement of 0.0001. If you buy GBP/USD at 1.2500 and close the trade at
   1.2510, your profit is 10 pips. The monetary value of your profit or loss
   will depend on how much money was risked on the trade and the amount of
   leverage used.

What drives currency movements?
A currency’s strength is affected by supply and demand dynamics. If demand for a
currency increases, its value will rise. However, if demand decreases, its value
will fall. There are a number of factors that can influence supply of, and
demand for, a currency. Here is a look at some of the main factors:

 * Interest rates: A country’s interest rates have a major impact on supply of,
   and demand for, its currency. If a country increases its interest rates,
   demand for its currency tends to increase as foreign capital flows into the
   country. However, if a country lowers its interest rates, demand for its
   currency tends to fall as foreign capital flows out of the country.
 * Inflation: A country’s rate of inflation (the gentle increase in the price of
   goods and services over time) can also impact supply of, and demand for, its
   currency. A high inflation rate can lead to reduced demand.
 * Economic performance: Countries that are economically strong tend to see
   increased demand for their currencies. Conversely, countries that are
   experiencing economic challenges tend to see decreased demand for their
   currencies. Some economic indicators that currency traders often monitor
   include:
   
   * Gross Domestic Product (GDP): this is a broad measure of the overall health
     of an economy.
   * The unemployment rate: unemployment affects consumer spending which, in
     turn, affects economic growth.
   * Retail sales data: consumer consumption accounts for the largest part of a
     country’s GDP so sales data can provide valuable insights into the health
     of an economy.
   * Sentiment surveys: sentiment surveys such as Purchasing Managers’ Indexes
     (PMIs) can provide insights into a country’s level of economic expansion or
     contraction.
 * Debt: A country’s debt levels can also have an impact on demand for its
   currency. Countries with large debts in relation to their GDP tend to be less
   attractive to foreign investors. This translates to lower demand for their
   currencies.
 * Political stability: Foreign investors tend to seek out politically stable
   countries when investing their capital. Political turmoil in a country can
   result in lower demand for its currency as foreign capital moves to more
   stable countries.
   

Tip: The News-Feed on eToro’s Currencies page is a great resource for currency
information. Here, traders and investors share information that can be very
useful when trading currencies.
How can I develop a currency trading strategy?
Before you begin trading currencies, it is worth taking the time to develop a
trading strategy. This is essentially a plan to help you determine when to buy
or sell a currency pair. Currency trading strategies can be based on fundamental
analysis, technical analysis, or a combination of the two.


Fundamental analysis involves looking at all of the available information that
could affect a currency’s strength or weakness. In this form of analysis,
traders look at economic factors such as interest rates, inflation, and
unemployment data to determine whether a currency is going to rise or fall.

Technical analysis, on the other hand, involves analysing price charts and
indicators to predict a currency’s future movements. In this form of analysis,
traders focus on chart patterns and trends and use historical price movements to
predict future price movements.

3 popular technical analysis strategies:

 * Trend trading: This strategy aims to capture gains by analysing a currency’s
   trend. A trend occurs when a currency moves in one direction for a long
   period of time. Once you have identified the trend, it may be possible to
   profit from it by trading in the same direction as the trend.
 * Support and resistance trading: This strategy aims to capture gains by
   identifying a currency’s support and resistance levels. Support is the level
   below which the currency’s price finds it difficult to fall. Resistance is
   the level above which the currency’s price finds it difficult to go. Once
   these areas have been identified, it may be possible to profit by placing
   trades in the area where the currency’s price is likely to reverse.
 * Breakout trading: This strategy aims to capture gains by identifying
   currencies that have broken through established support or resistance levels.
   Breakouts can be strong signals, especially when confirmed by other technical
   analysis indicators.

TIP: If you want to learn more about how to trade using technical analysis,
please visit the eToro Trading School page where you can register for a free
course.

After you have determined which form of analysis you will use to trade
currencies, the next step is to develop a solid set of trading rules. This will
help you to maintain discipline and also reduce risk.

This part of your strategy should focus on:

 * Position sizing: Determining your optimal position size is an important part
   of a trading strategy.
 * Entry points: Your plan should consist of rules that determine when to enter
   a long or short position in a given currency pair.
 * Exit points: Your plan should also have rules that determine when to exit a
   long or short position.
 * Stop losses: A trading plan should also focus on risk management tools such
   as stop losses.

There is no single formula for success when it comes to trading currencies. The
key is to start with a basic strategy and refine it over time.

Tip: Learning from eToro’s Popular Investors can help you to develop a robust
currency trading strategy. Many Popular Investors have significant experience
trading currencies, and their advice can be invaluable.
How do I trade currencies with CFDs?
There are a number of ways to trade currencies. One of the easiest ways,
however, is through Contracts for Difference (CFDs).

CFDs are financial instruments that offer traders and investors the opportunity
to profit from the price movements of a security without actually owning the
underlying security.

Setting up a CFD trade is straightforward. Here’s all you need to do:
1. Choose the currency pair you wish to trade. For example, EUR/USD


2. Set up the trade by selecting:

 * Buy or sell, depending on your view of the currency pair
 * The amount you wish to invest
 * The leverage you wish to use
 * Your stop-loss and take profit orders

3. Open the position


The position will remain open until you either close it or it is closed by a
stop-loss or take profit order, or when the contract expires.

Note that when trading currencies with CFDs, you are always quoted two prices —
a buy price and a sell price. The difference between the two is the “spread.”

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Authority for the provision of electronic money and payment services, with Firm
Reference Number 900923. Registered in England & Wales under Company No.
07712717. Registered Office: Maclaren 3b - Lancastrian Office Centre Talbot
Road, Stretford, Manchester, M32 0FP, England.

The wallet is provided by eToroX Limited (eToroX), a limited liability company
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Commission as a distributed ledger technology provider, with Financial Services
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Securities & Investments Commission (ASIC) for the provision of financial
services and products. Australian Financial Services Licence number: 491139.
Registered Office: Level 3, 60 Castlereagh Street, Sydney NSW 2000, Australia
eToro Asset Management Limited (“eToro AM”), is licensed to act as a Responsible
Entity under Chapter 5C of the Corporation Act 2001. The registered scheme
(eToro Service) ARSN 637 489 466 is operated by eToro AM and promoted by eToro
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Registered Office:  eToro Suites, S45 2nd Floor, Espace Building, Victoria,
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eToro (ME) Limited, is licensed and regulated by the Abu Dhabi Global Market
(“ADGM”)‘s Financial Services Regulatory Authority (“FSRA“) as an Authorised
Person to conduct the Regulated Activities of (a) Dealing in Investments as
Principal (Matched), (b) Arranging Deals in Investments, (c) Providing Custody,
(d) Arranging Custody and (e) Managing Assets (under Financial Services
Permission Number 220073) under the Financial Services and Market Regulations
2015 (“FSMR”). Its registered office and its principal place of business is at
Office 207 and 208, 15th Floor Floor, Al Sarab Tower, ADGM Square, Al Maryah
Island, Abu Dhabi, United Arab Emirates (“UAE”).

For more information about where we are regulated and licenses click here

Risk Disclosures | Privacy Policy | Terms and Conditions

Start Trading
CFDs are complex instruments and come with a high risk of losing money rapidly
due to leverage.51% 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.


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