74.80 % of retail investors lose their capital when trading CFDs with this provider.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.80 % of retail investors lose their capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Tools Currency Indices

Currency indices in the MT4 platform

An invaluable tool for precise price action analysis

In our MetaTrader 4 trading platform you will find currency indices for all major currency pairs. These can be used to gain better insight into your price action analysis when trading Forex both by swing or intraday approach.

Open a real account

_{Your capital is at risk.}

What are currency indices

Currency indices are designed to inform us about the value of a particular currency by tracking and measuring changes in exchange rates against several currencies simultaneously. Download our comprehensive ebook about currency indices, where you can find tips how to utilize them in order to estimate market strength and direction.

How to take advantage of currency indices in trading

These non-tradable indices serve as an indicator of the strength of a particular currency in the global market, i.e. not just in terms of a currency pair. With a currency index, you can, for example, better determine the overall impact of fundamentals on the currency you are trading and then use this information to trade it.

Usually, when analyzing a particular currency pair, you have to open charts with other cross currencies and analyse them as well.

Thanks to currency indices, this is no longer needed.

At Purple Trading you can choose from the following types of currency indices:

Standard Dollar Index

Established in 1973, the dollar index is used to determine the weight and relevance of the dollar against the world's leading currencies (EUR, JPY, GBP, CAD, SEK, CHF), which are also included in this index. At Purple Trading we also offer a tradable version of it in the form of futures (you can find it in the platform as DX.f). The version called DXY is non-tradable.

Tag in the platform: DXY

All synthetic currency indices in our offer:

These indices are calculated based on our own unique formula and can only be found in Purple Trading's MT4 trading platform.

Euro Index
(EURX)

Dollar Index
(USDX)

Pound Index
(GBPX)

Australian Dollar Index
(AUDX)

New Zealand Dollar Index (NZDX)

Canadian Dollar Index
(CADX)

Swiss Franc Index
(CHFX)

Japanese Yen Index
(JPYX)

Trade with currency indices today!

_{Your capital is at risk.}

74.80 % of retail investors lose their capital when trading CFDs with this provider.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.80 % of retail investors lose their capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.80 % of retail investors lose their capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. L.F. Investment Limited. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. L.F. Investment Limited has taken reasonable measures to ensure the accuracy of the information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.

At this time L.F. Investment Limited cannot and will not accept clients from outside European Economic Area and from Belgium, Switzerland and USA. You need to be 18 years old or legal age as determined by the laws of the country where you live in order to become our client.

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