Sunday, February 12, 2012

Is there a currency trading platform that offers other USD currency ...

You?ve not made it clear what you are trying to do.

There are much better ways of ?investing? in these currencies for the future, or protecting yourself or business from future fluctuation.

The Forex broker is the one that offers the currency pairs to the public for trading, but the major banks supply the brokers with the pairs and prices (data feed). The ?trading platform? merely displays what is available on the data feed.

The Major pairs are the only ones suitable for ?trading.? Sure, you can trade the Algerian dinar against the Armenia dram, but the spreads will be so horribly wide, and the volatility so low, you?ll lose your shirt on a short-term ?trade,? or the lack of liquidity and slippage will kill you.

A bank would be the best bet for other types of non-trading, or long term investing.

Source: http://www.financelearning.org/forex/is-there-a-currency-trading-platform-that-offers-other-usd-currency-pairs-besides-the-majors-currency-pairs/

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