Foreign Exchange, also known as Forex or FX, is the exchange of one currency for another.
It is the largest and most liquid market in the world.
Especially the common currencies are often exchanged against each other - these include the Euro, US Dollar and Japanese Yen. In the Astro Broker you can trade these and other currencies easily in three steps:
For a long time, foreign exchange markets were reserved for investors with a lot of experience. Currency ETPs now offer a simpler investment solution: they provide a cost-effective way to participate in the performance of various currencies. ETPs are products that track the performance of a currency pair and are traded on regulated markets.
What are the advantages of investing in currencies through ETPs?
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Availability: Currency ETPs are traded on the stock exchange. This means they can be traded at any time during trading hours. |
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Costs: Investing in currencies through ETPs is generally cost-effective. Since investors no longer have to buy individual currencies, but instead acquire currency pairs via a corresponding ETP, they can benefit from low fees (TER). |
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Diversification: With currency ETPs, different currencies can be included in an ETF portfolio in a simple, transparent and cost-effective way. |