Thinking of trading USD/TRY?
- 1. The USD is without a doubt the most important currency of the world economy. At one point, all other currencies were pegged to it in one form or another. The USD is the most traded currency in the world as well as the most popular reserve currency.w which makes the pair quite strong2. Moreover, the Turkish economy has been strengthened and the Turkish Lira is quite stable as well so USD/TRY is a good pair to invest in.
Trading CFDs involves significant risk of loss
How would you like to trade USD/TRY?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade USD/TRY. Fondex offers CFDs on Bitcoin, Ethereum, Ripple, Litecoin, Dash, and Emercoin crosses. You can trade more than 20 cryptocurrency pairs and take advantage of our tight spreads and unbeatable execution!
1. As the economy relies on foreign cash looking to earn short term profits on higher interest rates, any global headwinds and the subsequent risk off environment can lead to massive depreciations of the Lira. 2. In 2018 Turkey was having a balance of payments problem that caused its currency and credit and equity markets to decline. If you were day trading the USD/TRY and trying to profit from small moves in the market that end up looking infinitesimal on a broader time horizon, you might have had problems if you kept on the side of the Turkish lira.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'