Currency trading made clear for everyone
Trade currency pair contracts with Octa and enjoy tight spreads, high leverage, and free trading ideas
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Why Octa is the best choice for trading on currency pairs
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Stable spreads from 0.6 pips
among the lowest on the market
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All 7 major pairs and 28 others
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Leverage up to 1:1000
for most FX pairs
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Order execution in under 0.1 seconds
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Low entry threshold
Start with 25 USD and trade from 0.01 lots
Octa live quotes and spreads for currency pairs
| Symbol | Bid | Ask | Spread (Pips) |
|---|---|---|---|
| EURUSD | - | - | - |
| GBPUSD | - | - | - |
| USDJPY | - | - | - |
| USDCHF | - | - | - |
| AUDUSD | - | - | - |
| NZDUSD | - | - | - |
| USDCAD | - | - | - |
| View all live quotes | |||
| Symbol | Bid | Ask | Spread (Pips) |
|---|---|---|---|
| EURUSD | - | - | - |
| GBPUSD | - | - | - |
| USDJPY | - | - | - |
| USDCHF | - | - | - |
| AUDUSD | - | - | - |
| NZDUSD | - | - | - |
| USDCAD | - | - | - |
| View all live quotes | |||
How the global currency market works
The currency market is the largest investment market in the world. It is where national currencies, such as the US dollar (USD) or the Japanese yen (JPY), are exchanged.
- Currencies are listed as pairs. They look like this: USDJPY 149.5190. Here, it means you can buy one lot, or 100,000 US dollars, for 14,951,900 yen.
- Most private traders do not have enough funds to buy an entire lot. Octa allows you to trade contracts from 0.01 lots and apply margin trading to get more value from Forex pairs, even with small deposits.
- To make a profit on the Forex market prices, you place a Buy order and wait for the price to grow, then close it. You can also open a Sell order and close it when the price decreases.
How to trade on currency pairs
For novices in Forex trading, the best choice is major pairs: EURUSD, GBPUSD, and USDJPY. They are relatively stable, liquid, and overall more predictable than others.
You can benefit from any movements of the market. All you need is to predict how the price will change. There are two major approaches to that: fundamental and technical.
Fundamental methods focus on external factors: events, statements, global trends, or interest rates. News is a particularly valuable source of trading ideas here.
Trading news
View all trading news-
17 hours ago
AUD/JPY Price Analysis: Drops toward 94.20 area as bearish pressure mounts
The AUD/JPY pair extended its decline on Friday, hovering near the 94.30 zone after the European session and slipping closer to the lower end of its intraday range.
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17 hours ago
Mexico Fiscal Balance, pesos: -95.31B (February) vs previous -19.42B
Mexico Fiscal Balance, pesos: -95.31B (February) vs previous -19.42B
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17 hours ago
Australian Dollar stuck near 0.6300 as PCE data fails to shift sentiment
The Australian Dollar (AUD) remains directionless during Friday’s American session, with AUD/USD hovering around the 0.6300 zone.
Explore Space for live trading ideas
Space is a unique live feed designed by Octa to get you fresh trading ideas right in the OctaTrader trading platform. Learn about the current trends for different pairs from the Octa experts and open orders on the same screen to save time and effort.
Explore Octa SpaceTrade on currency pairs efficiently and securely with Octa
Free trading education
All traders must go through a period of trial and error to become pros. We aim to make that period more accessible for you with our free Forex trading lessons.
Negative balance protection
Suppose your trading account balance goes below zero after an unsuccessful trade. In that case, we will compensate it back to zero; this way, you will not owe us anything.
Automated trading support
Use trading bots for market analysis and risk management without any limitations. Test your bot on a free demo account, adjust it to your investment goals, and then put it into action.
Choose your Forex trading platform
Each currency trading platform has specific features that define your experience. If you are still deciding which one to choose, try OctaTrader, a trader-oriented platform designed to help you earn.
Forex currency trading hours: when to trade
The global currency market is divided into four major trading sessions. They slightly overlap, allowing you to trade most major and minor Forex pairs almost 24/5, with just a brief recess.
The best time to trade specific Forex pairs depends on the active session. To maximise your profits, learn about trading sessions and adjust your orders accordingly.
(5-minute recess)
(4-hour recess)
(5-minute recess)
(4-hour recess)
FAQ
What is trading on currency pairs?
When you trade on currency pairs, you open and close Buy and Sell orders based on the price movement of the currency pair to make a profit. To trade as a private investor, you need a reliable broker. With the Octa trading app, you can trade on currency pairs right on the go.
Is trading on currency pairs profitable?
Trading on currency pairs can be highly profitable: some of the most successful private traders earn 10% monthly or more. That usually implies using high leverage rates for multiplying your profits. However, be aware that margin trading multiplies your losses as well.
How to start trading on currency pairs?
Open an Octa trading account and make a deposit—you need just $25 to start. Then, enter the trading platform and open your first order. If you are still unsure where to start, check out our introductory video course.
What are the best Forex pairs to trade on?
Majors are the best Forex pairs for novices, especially EURUSD, GBPUSD, and USDJPY. They are very stable, liquid, and predictable. Many trading strategies work for them.