Currency trading made clear for everyone
Trade currency pair contracts with Elev8 and enjoy tight spreads, high leverage, and free trading ideas
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Why Elev8 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
Elev8 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 | |||
| Symbol | Bid | Ask | Spread (Pips) |
|---|---|---|---|
| EURUSD | 1.1178 | 1.1179 | 1.3 |
| GBPUSD | 1.3201 | 1.3202 | 1.7 |
| USDJPY | 158.33 | 158.36 | 2.3 |
| USDCHF | 0.8333 | 0.8334 | 1.6 |
| AUDUSD | 0.6953 | 0.6955 | 1.9 |
| NZDUSD | 0.5592 | 0.5594 | 2.0 |
| USDCAD | 1.4259 | 1.4262 | 2.1 |
| 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.
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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.
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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.
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Most private traders do not have enough funds to buy an entire lot. Elev8 allows you to trade contracts from 0.01 lots and apply margin trading to get more value from Forex pairs, even with small deposits.
Most private traders do not have enough funds to buy an entire lot. Elev8 allows you to trade contracts from 0.01 lots and apply margin trading to get more value from Forex pairs, even with small deposits.
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-
4 minutes ago
Japanese Yen: Funding appeal eroded by BoJ hikes – Rabobank
Rabobank’s Senior FX Strategist Jane Foley reviews the sharp USD/JPY declines in July and September, initially driven by joint Ministry of Finance (MoF)–US Treasury intervention and later without official action. The report notes that the Bank of Japan’s gradual rate hikes are eroding the Japanese Yen’s appeal as a funding currency for carry trades, even though recent price action has reduced urgency around finding alternatives.
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12 minutes ago
Hungarian Forint: HUF strength and euro adoption outlook – Societe Generale
Societe Generale notes EUR/HUF rebounded from its 50-day moving average after a downside surprise in Hungarian CPI. Inflation remains below the MNB target, with the stronger Forint helping to curb price pressures and keep underlying trends subdued.
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23 minutes ago
Swedish Krona: Riksbank tightening supports SEK against US Dollar - BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes USD/SEK is firmer on broad US Dollar (USD) strength, while Sweden’s September Consumer Price Index (CPI) data were mixed.
Explore Space for live trading ideas
Space is a unique live feed designed by Elev8 to get you fresh trading ideas right in the Elev8Trader trading platform. Learn about the current trends for different pairs from the Elev8 experts and open orders on the same screen to save time and effort.
Explore Elev8 SpaceTrade on currency pairs efficiently and securely with Elev8
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 Elev8Trader, a trader-oriented platform designed to help you earn.
Elev8Trader
MetaTrader 5
MetaTrader 4
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)
USDJPY closes one hour earlier on Wednesday
(1 hour 5 minutes recess)
(4-hour recess)
(5-minute recess)
USDJPY closes one hour earlier on Wednesday
(1 hour 5 minutes 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 Elev8 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 Elev8 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.