How can I use Crypto to trade Forex on PrimeXBT? Table of Contents

Trade Forex on PrimeXBT

With PrimeXBT, you can buy, sell, and trade a variety of different global Forex currencies, such as USD, GBP, EUR, and more.

Explore the world’s currency markets and trade some of the strongest and most recognizable currencies from countries like the United States, United Kingdom, Australia, and Canada.

Buy, sell and trade the dollar, the pound, the yen, the euro, and others.

Access the Forex market with PrimeXBT and the award-winning platform.

Trade in the most liquid market in the world and look for opportunities in every currency pair.

Benefit from a fully customizable layout, over 50 technical indicators, and the ability to trade directly from charts.

Trade both short and long term and enjoy order execution at the speed of light.

Currency trading doesn’t require a lot of startup capital.

To start trading on PrimeXBT, only 0.001 BTC is needed to fund your trading account and access dozens of forex currency pairs.

Trading currencies using CFDs is the smartest way to access the currency markets.

By using CFDs, currency pairs can be traded using long and short positions, along with leverage to make the highest profit possible.

Start trading Forex on PrimeXBT

Why trade Forex by using your Crypto?

The foreign exchange market is the most highly operated and liquid market that exists and features the trading of the national currencies of the world’s superpowers.

These countries have a major impact on the global economic climate, and their monetary values ​​correlate with the environment and political factors, making Forex a prime market for traders.

Wide selection of world currencies.
PrimeXBT offers the world’s most traded forex currencies including USD, GBP, JPY, EUR, as well as less popular ones such as TRY, RUB, HKD, and many more.
Advanced technical analysis
By paying close attention to chart patterns and technical indicators, traders can easily analyze forex market trends and improve their trading results.
Easy for professionals and beginners.
The forex market is very popular with professional traders who know their opportunities, but it is an equally good place to start the trading journey.

PrimeXBT is an award-winning trading platform that offers CFDs on forex currency pairs, major currencies such as USD, JPY, GBP, and more.

Exotic trading pairs are also available in emerging markets, such as South Africa or Latin America.

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Why trade Forex with PrimeXBT?

Exciting opportunities
Discover unlimited opportunities in the global forex market. It only takes 40 seconds to register and access all the currency pairs available on the PrimeXBT platform.
The best trading platform
Become a better trader with built-in charting software that helps you perform technical analysis quickly and efficiently. Take advantage of the professional tools offered on the PrimeXBT platform.
Low trading commissions
Save as much profit as possible from your trading as PrimeXBT offers some of the lowest commission rates in the industry.

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How does forex margin trading work on PrimeXBT?

Margin trading is a process in which a trader can borrow funds from PrimeXBT to open a position larger than the actual amount of funds deposited.

Such a trade will only require a fraction of the total value of the position, known as margin.

If your forex trading on margin is successful, you will be able to make more profit than you would without using leverage.

However, if trading is unsuccessful, losses can also increase.

You should always consider downside potential and take steps to manage your risk.

The benefits of currency trading with leverage are:

Magnified earnings
Margin trading allows you to receive higher profits if the position goes in the right direction. However, there is a risk that if the trade is unsuccessful, losses may also increase.
Portfolio diversification
Thanks to leverage, traders are not required to lock in a lot of capital in a trade. This allows them to have more free capital to use in other operations.
Profit from a market downturn
With leverage, traders can benefit from the market downturn by opening a short position, which means that they intend to sell at a high price and buy back at a low price.

How to open PrimeXBT Crypto Trading Account?

Example of Forex trading on PrimeXBT

For example, if a trader opens a position in USD / JPY and it falls 10%, with leverage of x5, the same fall becomes a profit of 50%.

A similar spot trade without leverage would result in only a 10% profit.

Disclaimer: Trading on margin also carries inherent risks if the position moves against the trade. You should never use 100% leverage and never invest more than you can afford to lose.

Currency trading is among the most popular markets to trade and the most liquid and well-established in the world.

This is because it is made up of the world’s major national economies and the currencies that represent each region, and the foreign exchange market dictates the exchange rate for each and every national currency.

Every nation’s fiat currency is affected by a number of factors, including supply and demand, national debt, political factors, natural disasters, events, and much more.

Because so many different things can affect the price of forex currencies, causing them to fluctuate, each is a great asset to trade, and because each country is affected by its own unique factors, each trading pair behaves differently.

The forex currency market operates 24 hours a day, except on weekends.

Learn How to Trade Forex on PrimeXBT

Start trading Forex in just 3 steps with PrimeXBT

Trading forex is simple with the right broker.

The broker must offer a wide variety of major currency pairs, exotics, and more, along with a variety of other assets.

  1. Open PrimeXBT Real Account
    Open a new account on PrimeXBT in less than a minute. All you need to do is register an email to get started.
  2. Deposit your account
    Deposit funds in your personal wallet. Once your account is funded, you are ready to trade.
  3. Start trading
    Get full access to PrimeXBT’s award-winning trading software. Benefit from low commissions and advanced trading features.

Forex currency trading works by taking a long or short position depending on the direction in which the trader expects the market to move.

Using PrimeXBT’s advanced trading tools and integrated charting software, a trader can plan the perfect entry or exit point through detailed technical analysis and then put the strategy into practice.

Long and short orders can also be opened simultaneously to take hedging positions and further minimize risk or maximize profit opportunity.

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What Forex currency pairs are available on PrimeXBT?

The Forex Market, short for Forex Market, is the largest volume market in the world and important enough to set the international exchange rate for all currencies around the world.

Each exchange currency is traded by a broker in a trading pair against another forex currency.

For example, the United States dollar can be traded in a pair against the Japanese yen.

The following guide will briefly describe the benefits of each of the major currency pairs to trade, as well as the benefits of some of the more exotic currency options that PrimeXBT offers.

The four main currency pairs available to trade include EUR / USD, GBP / USD, USD / JPY, and USD / CHF.

The major pairs are all based on the US dollar, which is the currency of the world’s largest economy and the main reserve currency worldwide.

Most assets and markers are priced in USD, making this a natural fit for many of the most traded currency pairs.

PrimeXBT also offers more exotic forex currency pairs, including AUD / CAD, EUR / CHF, GBP / JPY, and many more.

In total, PrimeXBT gives traders access to 14 exotic trading pairs, in addition to the four major currency trading pairs.

These darker and more exotic markets create a unique trading experience, as each currency in the pair reacts to different sets of factors that cause price fluctuations.

Go to PrimeXBT Official Website