Thinking of trading USD/MXN?
- 1. The Mexican currency previously served as a model for other important currencies such as the Hong Kong dollar, the Straits dollar, the Japanese yen and the Chinese yuan. It is the 11th most traded currency globally and due to that it will never have a liquidity shortage. 2. USD/MXN is not as popular as some of the major pairs, it is still a cross pairing worth trading. It offers a safe level of liquidity and access to the South American market. Traders often find this pair attractive as its volatility tends to offer great intraday trading chances.
Trading CFDs involves significant risk of loss
How would you like to trade USD/MXN?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade USD/MXN with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. The MXN has undergone a gradual weakening over the years and unfortunately, that bearish trend has accelerated in late 2016, due to threats to US-Mexico trade restrictions by the Donald Trump administration. If this pressure was to keep increasing, the USD/MXN could experience a long-term price dip. 2. As any commodity-currency, its price is dependent on energy fluctuations. Traders should be aware of any market data releases such as natural gas and crude oil. US Oil Inventory report, OPEC meetings and data releases from the Banco de Mexico will pay an important role in the pair's performance.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'