How to Complete a Currency Trade: Step-by-Step Guide
Learn how to complete a currency trade with this easy step-by-step guide. From selecting your currency and amount to confirming your trade and adding a beneficiary, follow these instructions for a smooth transaction.
By Michael Usmar
In this guide, we'll learn how to complete a currency exchange transaction using an online platform. We will cover how to select your desired currency, enter the amount, choose a value date, and get a quote. You will also see how to confirm the trade, select or add a beneficiary, and add an invoice number before finishing the process.
Let's get started
Currency Selection
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Click here
Dropdown. Enter your amount.
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Enter Amount
Here, you can select a value date.
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Click here
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Enter Amount
Spot is the default selection. Select Get a Quote.
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Click here
You have 30 seconds to confirm by checking the box.
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Click here
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Right-click on "contract to purchase the currency"
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Click on "contract to purchase the currency"
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Click on "enter into a binding"
This trade is confirmed.
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Click here
You can now pay an existing beneficiary or add a new beneficiary.
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Click here
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Click on "Routing Code"
Or you can place the funds you purchased into holding.
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Click here
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Click here
I will select a test beneficiary here.
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Click here
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Click here
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Click on "Trading Corporation"
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Click on "Add this payment"
Add an invoice number. Click Continue.
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Click here
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Type "invoice 123"