Showing posts with label forex zar. Show all posts
Showing posts with label forex zar. Show all posts

how to trade exotic fx?

Posted by Ryanita on Thursday, April 3, 2014 , under | comments (0)






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Answer
You'd have to find a forex dealer that carries the exotic currency/currencies you have in mind. MigFX carries a number of exotics (www.migfx.com). What you have to be concerned with is the PIP spread. For example, on the EUR/USD pair, the PIP spread is 3.5. But on the exotics, the PIP spread can be quite high. On the NZD/SEK (N Zealand Dollar/Swedish Krona), there is a 75 PIP spread and on the USD/ZAR (Dollar/S African Rand) there is a 150 PIP spread, these were taken from MigFX.




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