Foreign currency suitable for swap
There are several currencies that are suitable when you want to make a profit from your first Forex, stubborn and swap. The currencies handled by FX differ depending on the company, but there are quite a lot of types. US dollars, pound sterling, euros, Australian dollars, Canadian dollars, New Zealand dollars, etc. are common. There are many other areas such as Turkish lira and South African rand. The first choice is a high interest rate currency. This is because the higher the interest rate, the higher the swap interest rate. The Australian dollar and NZ dollar are high interest rate currencies, so they meet this condition. However, if you buy a currency with a large fluctuation range, there is a risk that the foreign exchange loss may become non-negligible. In addition, if you buy a currency from a country where market information is difficult to enter, you cannot overlook the risk of a large fluctuation in the exchange rate due to unexpected domestic conditions, and it can be said that it is a currency for advanced users. The recommended currency for Forex beginners is the US dollar. The US dollar is the world’s key currency and has a large impact on the world’s currencies, making it easy to obtain political and economic information. Speaking of swap points, it is not so high interest rate, but it is included to some extent. The US dollar, Australian dollar, and NZ dollar have high interest rates to some extent and have a certain amount of information, so they are suitable for beginners of swap groups. In fact, in Forex, you should have a combination of multiple foreign currencies when aiming for swap interest rates. Don’t have a single country’s foreign currency, but own multiple types of foreign currency so that you can withstand sudden fluctuations.