Chat with us
Live Chat

Thinking of trading USDTRY?

    1. The USD is without a doubt the most important currency of the world economy. At one point, all other currencies were pegged to it in one form or another. The USD is the most traded currency in the world as well as the most popular reserve currency.w which makes the pair quite strong2. Moreover, the Turkish economy has been strengthened and the Turkish Lira is quite stable as well so USD/TRY is a good pair to invest in.
Start Trading

Trading CFDs involves significant risk of loss

Get daily trading signals

  • Shares/Indices
  • Forex
  • Gold/Oil
BUYSELL

Powered by
TradingCentral

Start Trading

Trading CFDs involves significant risk of loss

How would you like to trade USDTRY?

Fondex cTrader features an impressive array of trading tools that can help you analyse the Forex market with efficiency and precision.
  • 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
TRADE MANUALLY

Trading involves risk of loss

Fondex cTrader’s Copy functionality enables you to copy strategies from other traders or provide signals and charge a fee.
  • 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
COPY

Trading involves risk of loss

Use cBots to monitor and trade multiple Forex pairs at the same time. When you use cBots to trade, an algorithm opens and closes your positions without any decision-making on your part.

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
AUTOMATE

Trading involves risk of loss

Having started the floating trend back in the 1970s, the USD is indeed a floating currency. That does not mean of course that it is completely unleashed from all control, like some of the other floating currencies out there. The Federal Reserve is rather strict in keeping the greenback on a leash, through the manipulation of its interest rates.The Turkish Lira was last introduced to the world markets in 1844. Since then, its ride has been anything but smooth. It went through periods of fierce devaluation, so in 2007, a new Lira version was introduced, which set the parity with the USD to 1.26. The exchange rate has remained relatively stable since, as a result of the new monetary policies of the Turkish authorities and the strengthening of the Turkish economy. Agriculture serves as the bulwark of the Turkish economy, though manufacturing is a significant part of it too.Despite the size and strength of the Turkish economy, the Turkish Lira (TKY) is not a major currency. The USD on the other hand is indeed just that. The pair that the two currencies make does not qualify as a major, or as a commodity pair.

1. As the economy relies on foreign cash looking to earn short term profits on higher interest rates, any global headwinds and the subsequent risk off environment can lead to massive depreciations of the Lira. 2. In 2018 Turkey was having a balance of payments problem that caused its currency and credit and equity markets to decline. If you were day trading the USD/TRY and trying to profit from small moves in the market that end up looking infinitesimal on a broader time horizon, you might have had problems if you kept on the side of the Turkish lira.