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Forex<\/h3>\n
AI trading sites will probably give you access to trading major pairs like GBP\/USD, GBP\/EUR, and USD\/JPY – but also minors and exotics, some without fees or commissions. Instead, the only fee you pay is via spread – more on this later.<\/span><\/p>\nThe main forex pair categories that AI trading providers are likely to allow you to buy and sell are outlined below:<\/span><\/p>\n\n
\n- Major Pairs:<\/b> These are the most traded currencies globally. Think along the lines of the US dollar (USD), British pound sterling (GBP), Japanese yen (JPY), and the Euro (EUR). Major pairs are in strong demand, with high volumes, low volatility, and super-tight spreads.<\/span><\/li>\n
- Minor Pairs: <\/b>Minors still consist of in-demand currencies, but a less liquid currency will represent one side of the pair. For example, in the case of AUD\/USD – the US dollar is significantly stronger than its Australian counterpart. As such, spreads are slightly higher – as is volatility.<\/span><\/li>\n
- Exotics: <\/b>Exotic pairs will consist of one major currency and a currency from an emerging economy. This might include JPY\/NOK – consisting of the Japanese Yen and Norwegian Krone, or EUR\/TRY – the Euro and Turkish Lira. Exotic pairs typically suffer from huge spreads, high volatility, and lower trading volumes.<\/span><\/li>\n<\/ul>\n<\/div>\n
CFDs<\/h3>\n
CFDs allow you to speculate on the future price of an asset without needing to own or store it. <\/span>For example, let’s say you wanted to invest in the future oil price. Physically owning dozens of oil barrels would be beyond the realms of possibility. As such, by owning a CFD in oil, you can speculate on its future price at the click of a button.<\/span><\/p>\nBelow are some of the asset classes that AI trading providers seem to support.<\/span><\/p>\n\n
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\n- Stocks and shares<\/li>\n
- Precious metals (gold, silver, etc.)<\/li>\n
- Energies (oil and natural gas)<\/li>\n
- Futures and Options<\/li>\n<\/ul>\n
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\n- Agricultural assets (wheat, corn, etc.)<\/li>\n
- Indices (dow jones, s&p 500, etc.)<\/li>\n
- Penny stocks<\/li>\n<\/ul>\n