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Trading Instruments
Understanding Trading Instruments
- Currency pairs (Forex)
- Commodities (Gold, Silver, Oil)
- Stocks (Shares of companies like Apple and Tesla)
- Indices (e.g., S&P 500, NASDAQ)
- Cryptocurrencies (Bitcoin, Ethereum)
Types of Trading Instruments
- Major pairs like EUR/USD, USD/JPY, and GBP/USD
- Minor pairs such as AUD/NZD and EUR/CAD
- Exotic pairs involving emerging market currencies
- Precious metals (Gold and Silver)
- Energy resources (Crude Oil and Natural Gas)
- Agricultural products (Wheat, Coffee)
- Track performance of a group of stocks, representing a portion of the market.
- Examples include Dow Jones Industrial Average and FTSE 100.
- Decentralized digital currencies such as Bitcoin and Altcoins.
- Highly volatile, suitable for risk-tolerant traders π₯.
Trading Instruments in Automated Trading
Choosing the Right Trading Instrument
- Volatility: Higher volatility can lead to greater profit potential but also increases risk.
- Liquidity: Instruments with higher trading volumes ensure easier execution of trades.
- Correlation: Instruments can influence each other (like EUR/USD and GBP/USD) which can be exploited using pair trading strategies.