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Trading in foreign exchange, or forex, is the simultaneous buying or selling of two currencies, otherwise known as a currency pair. For instance, a client who purchases the Australian dollar (AUD) against the Singapore dollar (SGD) profits when AUD rises in value against SGD, and vice versa.
Leveraged forex (LFX) trading gives our clients the ability to trade multiple times the value of their capital. At UOB Kay Hian, we provide leverage of up to 20 times.
